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02.12.25 - 07:18
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Report detailing risks to UK gas security was not one to bury on budget day | Nils Pratley (The Guardian)
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Facts in Neso's stark assessment have been ignored for years – yet running out could be government-toppling eventChris O'Shea, the chief executive of British Gas-owning Centrica, tells an eye-popping tale from his early career in the North Sea offshore industry. During a routine underwater inspection in the 1990s, an unexploded bomb from the second world war was discovered close to the pipeline carrying oil ashore from the large Nelson field.Happily, the danger was dealt with. The point of the story is only that risks to critical pieces of infrastructure can come from unexpected sources. Stuff can happen. Continue reading......
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28.11.25 - 15:09
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ECP Successfully Closes Acquisition of Grain LNG with Centrica plc (Business Wire)
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Transaction bolsters the UK's long-term energy security and extends ECP's history of investing in strategically vital energy infrastructure
SUMMIT, N.J.--(BUSINESS WIRE)--Energy Capital Partners (“ECP”), a leading investment firm in the energy transition infrastructure sector, along with its 50/50 joint venture partner Centrica plc (“Centrica), today announced the completion of the Grain LNG acquisition from National Grid for an enterprise value of approximately £1.5 billion.
“We are thrilled to partner with Centrica, who brings a wealth of knowledge and experience in the UK energy markets, as we execute our joint vision to enhance this world-class asset, expand our customer base, and set up Grain LNG for success for decades to come,” said Matt Delaney, Partner, ECP. “With the UK and Europe's growing need for dependable LNG supply, Grain LNG is uniquely positioned to deliver secure, affordable energy. This investment reflects ECP's long-term commitment to supporting the energy transition ...
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11.11.25 - 01:06
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Highview Surpasses Half a Billion Pounds of Funding With Latest £130M Capital Raise for Phase One of Long Duration Energy Storage Facility at Hunterston, Ayrshire (Business Wire)
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Funding round enables build of “stability island” which will deliver crucial grid stability services; represents phase one of LDES facility at HunterstonLONDON--(BUSINESS WIRE)--#curtailment--Highview has secured £130 million in funding to commence work on the first stage of its planned 3.2GWh hybrid long-duration energy storage (LDES) solution in Hunterston, Scotland. This brings the total raised to commercialise and roll out Highview's long duration storage solutions to over £500 million.
This latest investment round, involving Scottish National Investment Bank (SNIB), the British multinational energy and services company Centrica, and investors including Goldman Sachs, KIRKBI and Mosaic Capital, will fund construction of the first phase of the Hunterston project, a “stability island”, which will provide system support to the electricity grid.
This stability island is a key component of Highview's LDES system. It can operate independently of the energy storage elements and will deliver criti...
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21.10.25 - 09:06
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Ed Milibands new green jobs will bring Britain hope. I dare Reform to denounce them | Polly Toynbee (The Guardian)
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While Nigel Farage promotes retro plans to reopen coalmines, will he really tell thousands of clean energy workers to leave their well-paid, local jobs?This government is bad at proclaiming what it's for. But to find out, follow the money. Its boldest investment is in green energy, designed to create prodigious returns in economic growth, employment, training, climate action and more. So far it has been hard to sell. Wafty talk of greenness passes most people by, and “whose growth is it, anyway?” is a realistic question in a country of stagnant pay and public decay. But, this week, Ed Miliband put flesh on the green words, making jobs and projects concrete. A very big number of green jobs – 400,000 by 2030 – are set to be created in 31 “priority occupations”, from welders to production managers, plumbers and joiners, everywhere from Centrica's £35m state-of-the-art training academy in Lutterworth to Teesside's net-zero decarbonisation cluster.This is what a Labour industrial strategy shoul...
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30.09.25 - 20:48
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Rachel Reeves gets a warm reception but business chiefs are wary of another tax raid (The Guardian)
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Questions grow over how chancellor will raise cash in the autumn budget to meet her fiscal rules Rachel Reeves likes to pop on a bit of Beyoncé and go for a run to cope with the stresses and strains of being chancellor, she told Centrica boss, Chris O'Shea, during a CBI event at the Labour conference.While the reception from many of the executives was warm, the intensity of the debate in Liverpool suggested Reeves should keep the trainers and tunes to hand. Continue reading......
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