EIB makes first SMR investment with €40 million backing for Steady Energy
The European Investment Bank has made its first investment in small modular reactor technology, offering Steady Energy up to €40 million. The Finnish company is developing a 50 MW heat-only reactor for district heating rather than electricity generation. The convertible loan structure gives the EIB potential equity exposure, establishing a financing precedent for high-risk nuclear […]
England could carry drought into spring 2027 despite wetter autumn outlook
Almost three quarters of England remains in drought or prolonged dry weather following an exceptionally dry spring and summer. The Environment Agency estimates that 120% of normal rainfall is needed over the next seven months for every area to leave drought by April. Water availability is becoming a material development risk for hydrogen, carbon capture, […]
Shell: From Aberdeen to London – what we know so far
Contrary to recent reports, Shell is not mulling an exit from Aberdeen or the North Sea. Nevertheless, the relocation of global technical roles raises questions over the city’s ability to retain high-value corporate and engineering… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Heathrow expansion requires aviation to pay its full carbon bill, CCC tells ministers
The Climate Change Committee says Heathrow expansion is incompatible with net zero under current policy, but has stopped short of ruling it out entirely. Its conditional pathway places the cost of sustainable aviation fuel and engineered carbon removals on the aviation industry. Engineered removals would deliver 36% of the required mitigation in 2050 – making […]
The harder decommissioning gets, the more collaboration matters
By Matthew Marcantonio, head of engineering at Aquaterra Energy Offshore decommissioning is entering a tougher phase, with much of the more straightforward work already completed and the harder projects still to come. The industry has… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]