Energy

Clean energy company Verlume has secured £7.2 million in funding, with £6.6m provided by the Scottish National Investment Bank, to support its expansion plans. The Aberdeen-based firm specialises in intelligent energy management technology that enables a constant power output from renewa

Ardersier Port, situated near Inverness, has received an initial £300 million investment commitment from Quantum, a US investment firm that provides private capital to the global energy industry, to fuel the port's redevelopment into a major energy transition facility. The funding will acceler

Scottish energy storage company Gravitricity is set to enter the US market, after it partnered with Illinois-based IEA Infrastructure Construction to secure funding for renewable energy projects. This collaboration comes as the Biden administration recently allocated $450 million (£361m) for c

Burges Salmon has advised Rivington Solar Limited (part of the Renewable Connections development business) and European Energy UK Limited on the sale of two ‘shovel-ready’ co-located solar and battery storage projects based in Scotland — one at Strathruddie Farm and one at Mon

UK oil and gas companies are expected to be offered windfall tax relief by Prime Minister Rishi Sunak as part of efforts to boost investment and improve energy security.

Crown Estate Scotland has secured £262 million in applicant fees from the first leasing round designed to enable offshore wind energy to directly supply offshore oil and gas platforms.

Scottish underground energy storage firm Gravitricity has signed a collaboration agreement with Czech electricity flexibility aggregator Nano Energies to develop commercial routes to market for their gravity storage technology. Last month the Edinburgh storage pioneer unveiled plans to transform the

Prax Exploration & Production has reached an agreement to acquire North Sea oil firm Hurricane Energy in a deal worth £249 million.

Chris Skidmore MP discusses the implications of the Energy Charter Treaty and why the UK should leave it to make progress towards its net zero goals and energy policy. In the Net Zero Review, published earlier this year, I called for the UK to respond to increasing global competition on net zero wit

TLT has advised Santander UK on its multi-million pound funding to global clean energy enterprise, TagEnergy. The funding supports the construction and operation of two landmark battery storage facilities: the 49.9MW/100MWh Roaring Hill development in Fife, Scotland; and the 49MW/98MWH Jamesfield de

Scottish Gas owner Centrica has shown a £3.3 billion operating profit in its preliminary results, following the growing wholesale energy price last year. The energy giant's operating profit grew nearly £2.4bn from £948 million in 2021. This surpassed the previous highest operating

Renewable energy experts from Harper Macleod have now advised on projects generating more than half of Scotland’s renewable electricity. According to the latest statistics from industry body Scottish Renewables, Scotland’s total installed capacity of renewable electricity is just over 12

2022 has seen Energy Specialist Solutions (ESS), a Scottish-based company which operates globally, triple its sales, nearly quadruple its pre-tax profits and expand to America to take advantage of opportunities across the power generation sector. Previously focused primarily on technically complex e

The government's support all households with energy bills over the first three months of 2023 will cost £16 billion in taxpayer money, according to Resolution Foundation analysis. Ofgem revealed yesterday that the annual energy bill of a typical household would have risen to £4,279 betwe

Perth-headquartered energy firm SSE has warned it will have to reconsider its renewables investments after the UK government's newly announced 45% windfall tax. The levy on low carbon electricity generators was unveiled in last week's Autumn Statement with the aim to raise £14 billion in