As of today, less than 10% of the necessary solar and wind power needed for a 2050 global net zero scenario exists, whilst global electricity generation will need to more than triple to 80,000TWh, according to the 2022 BloombergNEF (BNEF) New Energy Outlook. The report outlined two scenarios: a Net Zero Scenario, wherein a feasible,
Should loopholes for tax incentives be removed from the UK government’s windfall tax could generate around £22 billion in additional revenue, research from the New Economics Foundation (NEF) has found. The government’s investment allowance loophole is a highly controversial policy that enables oil and gas firms, those that are heavy carbon emitters, to secure around
Harnessing solar energy via PV and a battery energy storage system (BESS) in a mid-terrace home, compliant with the Future Homes Standard 2025, could see savings of around £40,000 over their lifetime, Solar Energy UK has said. Solar PV and a co-located BESS could help increase savings across the board in the UK,
Finland and California-based second life energy storage firms Cactos and Smartville Inc have raised nearly US$10 million to commercialise systems using repurposed Tesla EV batteries – we talked to both companies’ founders. San Diego-based Smartville Inc recently received a US$6 million grant from the Department of Energy’s (DOE) US$74 million for domestic battery recycling
Tanjent moves into new Hemel Hempstead office to cope with demand As part of our expansion plans under way to cope with the enormous demand for Solar and Battery systems, Tanjent has moved into new premises in the Hemel Hempstead industrial estate. Main entrance Situated next to the M1 and the M25
The CEO of SSE has warned that the Government's windfall tax damages the economic viability of running hydroelectric plants during certain periods of time. The head of SSE has warned that Chancellor Jeremy Hunt's new windfall on energy companies could threaten the UK's energy security, as the firm may be forced to reduce its electricity output to
Major wind turbine makers are reporting massive losses and laying off swaths of employees. Siemens CEO sees supply chain snarls as a major challenge to future growth. European wind companies have also financially overextended themselves. Why isn’t wind power going gangbusters? In Europe, the energy crisis is causing solar power growth to break record
The number of solar panel systems installed at UK properties leaped by 10 per cent — 110,000 — ahead of last month's energy price hikes, new analysis by Savills reveals. The year to the end of September saw the highest uptake in small-scale solar panel systems for five years as UK homeowners took action
The European Commission today proposed a temporary emergency regulation to accelerate the deployment of renewable energy in the face of the energy crisis and the knock-on effects of Russia’s invasion of Ukraine. Scheduled to last for one year, the proposal will remove administrative red tape around permitting and deployment, allowing renewable energy sources to
Access to solar panels and a home battery has reduced energy bill worries for Nikita Harris on one of Europe's largest green retrofit projects. "Where I used to worry going to bed, I don't have to worry now," said Nikita, 26, whose home in Swansea now runs partially on a battery. Some 644 properties