Cierco Energy secures seabed rights for Llŷr floating wind projects offshore Wales
Cierco Energy has signed an agreement for lease covering the 100 MW Llŷr 1 and 100 MW Llŷr 2 projects. The developments are intended to test different floating foundations, moorings and dynamic cables at an… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Ore Energy raises $43 million to scale 100-hour iron-air batteries
The Dutch developer has raised $43 million to build its first manufacturing facility, taking total funding above $61 million. Ore’s batteries use iron, water and air and are designed to store electricity for between 24… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Denmark’s redesigned auction secures 1.8 GW of offshore wind
Vattenfall has won contracts for the 1 GW North Sea I Mid and 800 MW Hesselø developments. Winning prices were DKK504/MWh and DKK542/MWh, equivalent to approximately €67 and €73/MWh. Denmark restored developer competition by replacing its failed subsidy-free model with two-sided contracts for difference and reserved grid connections. Vattenfall has secured rights to develop two […]
BP puts $4.1 billion Archaea acquisition up for sale as profits more than double
BP will market its US biogas business four years after acquiring it for an enterprise value of $4.1bn. Underlying replacement cost profit rose from $2.35bn to $5.73bn as higher oil prices, trading and refining strengthened… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Record July drought intensifies competition for England’s water
England received just 6.5 mm of rain in July, while southern England recorded only 1.9 mm in its driest month since records began in 1836. Seven Environment Agency areas are officially in drought and restrictions affect around 23 million customers. Long-term water abstraction cuts are colliding with rising demand from housing, agriculture, data centres and […]
Russia expands shadow LNG fleet ahead of EU import ban
At least eight second-hand LNG carriers have reportedly entered Russian service in six months, taking Moscow’s unofficial fleet to about 25 vessels. The EU will prohibit Russian LNG imports under long-term contracts from January 2027, while new restrictions also target tanker sales, maintenance and terminal services. Russia can divert more sanctioned LNG to China, but […]