Cornish Metals expects to start drilling at its United Downs site in Cornwall in late March or early April after raising £8.2M in new shares and private investment and listing on the AIM market . The company wants to extract copper…
News
All-hydrogen display houses to open at NGN site in April
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Two houses being built at Northern Gas Networks’ site in Low Thornley, Gateshead will be the UK’s first with household appliances fuelled entirely with hydrogen. The semi-detached homes, funded with the help of the Hy4Heat programme, will open in April 2021.…
£10M investment in Centre for Greening Finance research hubs that will provide the data to help turn investors green
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The government is to invest £10 million in a new UK Centre for Greening Finance, with physical hubs in Leeds and London. These research hubs will provide data and analytics to financial institutions and services such as banks, lenders, investors…
BEIS sets out proposed CCUS timetable, aims for investment decision on two 2020s clusters by 1H 2022
by New Power • • 1 Comment
BEUS wants to identify carbon capture and storage (CCUS) clusters by August that may be eligible for government support for deployment by the mid 2020s and allow for a final investment decision in the first half of 2022. It is…
‘Sandbox’ experiment on metering could enable housing developments to use cheaper ‘micro grids’
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A ‘Sandbox’ proposal to trial a new metering solution in. a live’ market environment is under consultation until 26 February. Emergent Energy is a renewable energy supplier that specialises in microgrids (residential private wire networks) in the social housing sector.…
Greencoat UK Wind seeks £198M to fund acquisitions
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Renewable infrastructure fund Greencoat UK Wind is seeking to raise up to £198M by issuing shares institutional investors at 131p per share. The fund invests in operating UK wind farms, with exposure to offshore limited to 40% of Gross Asset Value (currently 30%).…
‘Rare earths’ not so rare in South African mine site, miner reports
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Rainbow Rare Earths has reported positive results in sampling for neodymium and praseodymium at its Phalaborwa site in South Africa. The materials are among so-called ‘rare earths’ that are vital components of the permanent magnets used in wind turbines and other generatorsand there are…
Carbon emissions reserve price in new UKETS set at £22
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The government has set the reserve price for carbon emissions at £22 in the first auction in the new UK Emissions Trading Scheme. Auctioning will start no later than Q2 2021. The government said that reserve price would be fixed until “it is…
Covid restrictions delay Stoke on Trent’s geothermal heat scheme
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Covid-19 has delayed a project to use geothermal energy to provide district heating in Stoke-on-Trent, developer iGas said in a trading update. iGas took on the 14MW deep geothermal project in the Etruria Valley, Stoke-on-Trent when it acquired GT Energy last…
Wales sets independent Net Zero target, promises plan by COP26 – major carbon emitters targeted
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Wales is set to speed up carbon reduction in its economy and commit to an independent Net Zero target by 2050. Announcing new regulations and a legally binding target, Lesley Griffith AM, minister for environment, energy and rural affairs, said…