Daily Shorts: UK gets a £10 bn clean energy investor, Banga wants harmful subsidies slashed, and more

Image: Empire Wind

Japan's Marubeni Corp signed a memorandum of understanding (MoU) with the UK government to invest 10 billion pounds ($12.3 billion) in clean energy projects over the next decade. T...

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Daily Shorts: Brookfield buys Banks' RE unit, ADNOC deploys CCS at select plants, and more

Canadian company Brookfield is buying the renewable energy division of UK-based Banks Group, the companies announced. The size of the transaction was not disclosed, but a report in...

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Daily Shorts: Indian cities to get 10,000 e-buses, HSBC allocates $1 bn for climate tech and more

India and the US will collaborate to deploy 10,000 made-in-India electric buses across Indian cities as part of their co-operation agreements. Under the agreement, US government ag...

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BMW's iconic Mini goes all electric

German automotive major, BMW on Monday announced an investment of more than £600 million in the MINI factories at Oxford and Swindon, UK, to transform the production plants to an a...

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Daily Shorts: UK part-funds Ionic's rare earth magnet recycling plant, US small-sale solar additions hit record high, and more

Rare earths metals company LCM will be involved in the Ionic-to-Ford EV recycling chain. Image Courtesy: Less Common Metals

Ionic Rare Earths received an investment of $2 million from the UK government to set up a rare earth magnet recycling facility in Belfast. In a release, the company said it would p...

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Weekend Roundup: Oil India's clean energy spends, PetroChina buys EV charging company, and more

Image: Pexels

The Summit Group of Bangladesh announced it would invest $3 billion in solar, wind and hydroelectricity generation projects across the subcontinent as part of its clean energy push...

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Daily Shorts: UK eases onshore wind norms, Stellantis says its cars can switch to e-fuels

The UK government has eased approvals for onshore wind projects in England supported by the local population. The proposals also aim to incentivise locals by offering them cheaper ...

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Statkraft - Fluence's latest BESS project to improve transmission network stability in the UK

Image for representation purposes only.

Statkraft, Europe's largest generator of renewable energy has selected Fluence Energy UK Ltd. (Fluence), a subsidiary of Fluence Energy Inc, to deliver its first battery-based...

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Octopus Energy outlines $20 bn spend for 12 GW offshore wind capacity by 2030

Octopus says the power generated will power 10 million homes. Image: Octopus Energy

Octopus Energy Generation, the power generation arm of UK-based Octopus Energy Group, said it plans to invest $20 billion in offshore wind assets by 2030. The company, which manage...

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Daily Shorts: Vattenfall abandons UK offshore wind project, Air Canada eyes greener fuels and more

Air Canada has signed deals to test and manufacture SAF, a sustainable jet fuel. Image: Air Canada

Sweden's Vattenfall said it would cease development of a 1.4 gigawatt GW wind farm off the coast of Britain, taking a hit of $537 million on earnings. The Norfolk Boreas offshore w...

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Tatas pick UK for £4 billion gigafactory that will supply JLR's future models

The factory will supply batteries to future Jaguar and Land Rover vehicles. Image: JLR

Tata Group announced it will set up a battery manufacturing plant in Britain to support the company's electric vehicles. The investment is being made through Jaguar-Land Rover and ...

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UK launches competition for small, modular nuclear reactors

The cost for each SMR is expected to be around £2 billion, and Rolls Royce estimates it will generate £250 million in exports. Image Courtesy: Rolls-Royce

Britain has launched a competition to develop small modular nuclear reactors, or SMRs, even as it set up an authority to expand nuclear projects across the country. Interested comp...

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Fortescue expands battery, powertrain capacity in UK

The new facility will deliver prototypes for mining haul truck modules later this year, and officially open next year. Image courtesy: FFI

Fortescue announced it will "significantly" expand battery and electric powertrain production operations in the UK, with a facility at Banbury, Oxfordshire, to manufacture zero-emi...

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