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. A United Nations committee has asked the UK to suspend work on the Hinkley Point C nuclear power station in Somerset because of the government’s failure to consult with European countries over the project. ... [Read full article on Guardian ]
Monday 20th of March 2017 10:00:22 AM
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....Mr Tillerson said Mr Trump places a "very high value on the communications that have already occurred". There was no mention of contentious issues like North Korea's missile and nuclear programmes, or the status of Taiwan, which China claims as its own. ... [Read full article on BBC ]
Sunday 19th of March 2017 05:03:09 AM
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....As for Lebedev, no appointment by him could really be regarded as eyebrow-raising – particularly when you’re as Botoxed as the nine circles of his friendship inferno are. A starfucker of thermonuclear pretensions, Lebedev is marginally more likely to dip-dye his horse’s mane for a W magazine feature than he is to appoint it features editor. ... [Read full article on Guardian ]
Friday 17th of March 2017 03:43:09 PM
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.... It probably would be. Brexit happened because of concerns about immigration not because voters wanted the freedom to have dirtier beaches or less safe nuclear power stations. ... [Read full article on Guardian ]
Sunday 19th of March 2017 11:20:05 AM
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Latest Finance News related to Nuclear

UN asks UK to suspend work on Hinkley Point image
Source : Guardian [Read Article] Monday 20th of March 2017 10:00:22 AM
. A United Nations committee has asked the UK to suspend work on the Hinkley Point C nuclear power station in Somerset because of the government’s failure to consult with European countries over the project. ...
Brexit Britain is suddenly debating trade – but it's the wrong talking point | Larry Elliott image
.... It probably would be. Brexit happened because of concerns about immigration not because voters wanted the freedom to have dirtier beaches or less safe nuclear power stations. ...
Trump 'looks forward to visiting China' - Tillerson image
Source : BBC [Read Article] Sunday 19th of March 2017 05:03:09 AM
....Mr Tillerson said Mr Trump places a "very high value on the communications that have already occurred". There was no mention of contentious issues like North Korea's missile and nuclear programmes, or the status of Taiwan, which China claims as its own. ...
'Brothers bling': lawsuit puts Nick and Christian Candy in spotlight image
Source : Guardian [Read Article] Saturday 18th of March 2017 09:00:35 AM
.... In a case that was eventually settled out of court, the blue chip investment firm 3i sued him for fraud, alleging he invented sales to inflate the size of the company. According to one source close to the parties, Holyoake was warned before facing the Candys in court: “This is going to end up with you guys throwing rocks at each other in a nuclear wasteland. ...
Osborne, an ‘editor of substance’. What substance, crystal meth? | Marina Hyde image
....As for Lebedev, no appointment by him could really be regarded as eyebrow-raising – particularly when you’re as Botoxed as the nine circles of his friendship inferno are. A starfucker of thermonuclear pretensions, Lebedev is marginally more likely to dip-dye his horse’s mane for a W magazine feature than he is to appoint it features editor. ...
Balfour Beatty returns to profit image
Source : BBC [Read Article] Thursday 16th of March 2017 08:18:30 AM
....As well as Crossrail, which will link west and east London, it is upgrading motorways and working on the Thames Tideway Tunnel. In the next few years it plans to be part of the country's three biggest infrastructure projects: High Speed 2 (HS2), the new nuclear power stations at Hinkley Point C and Wylfa, and the third runway at Heathrow airport. ...
UK climate targets 'will raise household energy bills by £100 in a decade' image
. The cost of supporting new windfarms and nuclear power stations to meet the UK’s carbon targets will add nearly £100 to the average household energy bill by the end of the next decade, according to a government adviser. ...
Trump budget to cut foreign aid to pay for defence boost image
Source : BBC [Read Article] Thursday 16th of March 2017 12:07:20 AM
....The White House wants a 30% cut from an energy department office that promotes energy efficiency and renewable energy. The energy department could see steep cuts for its 17 national laboratories, which conduct research into subjects including nuclear power and advanced materials for energy generation, storage and use. ...
E.On clears up the past with €16bn full-year loss image
Source : BBC [Read Article] Wednesday 15th of March 2017 08:16:40 AM
....E. On also paid €2bn towards a domestic policy of phasing out nuclear energy. ...
Driverless cars 'could lead to complacency' image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:00:42 AM
....Other possible uses of Connected and Autonomous Vehicles (CAV). Aerial, marine, public transport, including metro and rail services, space, military, warehousing, ambulance services, inspection and monitoring of resources, working in dangerous and hazardous environments (such as nuclear facilities) and the delivery of humanitarian supplies. ...
UK government should help companies targeted by foreign bids, says Unilever image
....Greg Clark, the business secretary, said last month: “We have taken the opportunity to look at our arrangements to make sure they are kept up to date. We have said we would do that in the context of mergers, particularly if it relates to critical infrastructure, as outlined by the Hinkley Point C decision [to build a new nuclear power station with funding from China]. ...
Unilever chief calls for tougher takeover safeguards image
Source : BBC [Read Article] Tuesday 14th of March 2017 07:14:02 PM
.... . The government is examining adding "critical national infrastructure" such as nuclear power plants to the list. ...
Toshiba looking to sell Westinghouse nuclear business image
Source : BBC [Read Article] Tuesday 14th of March 2017 03:21:39 AM
. Toshiba president Satoshi Tsunakawa has said the company may sell its majority stake in US nuclear unit Westinghouse. ...
Toshiba: What has gone wrong? image
Source : BBC [Read Article] Tuesday 14th of March 2017 12:14:42 AM
. Japan's Toshiba has a huge hole in its finances, caused largely by a massive writedown on nuclear assets in the US. ...
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UK households spent £180m on 'unnecessary' power capacity – report image
Source : Guardian [Read Article] Monday 13th of March 2017 06:01:24 AM
.... But Marshall found that the cost of building enough capacity for a 10% margin would reach £12. 4bn with nuclear power, and even cheaper gas power plants would hit £1. ...
Budget: Money for robots, cars and 5G image
Source : BBC [Read Article] Wednesday 8th of March 2017 02:04:53 PM
...."Robotics and AI is set to be a driving force in increasing productivity, but also in solving societal and environmental challenges," commented Dr Sabine Hauert from the University of Bristol. "It's opening new frontiers in off-shore and nuclear energy, space and deep mining. ...
UK nuclear power stations 'could be forced to close' after Brexit image
Source : Guardian [Read Article] Tuesday 28th of February 2017 03:28:07 PM
....Nuclear power stations would be forced to shut down if a new measures are not in place when Britain quits a European atomic power treaty in 2019, an expert has warned. Rupert Cowen, a senior nuclear energy lawyer at Prospect Law, told MPs on Tuesday that leaving the Euratom treaty as the government has promised could see trade in nuclear fuel grind to a halt. ...
All it took was an anchor … how a storm took down half the UK's electricity link to France image
....Most of the time, electricity flows from France to the UK. But for the last three months of 2016, there was the novelty of the UK being a net exporter, as France experienced nuclear outages. ...
Windfarms aren’t the real reason energy bills are rising. Blame the free market image
.... We are, as one energy industry chief said recently, “overexposed to global markets over which we have no control”. Which leaves us with nuclear power and renewables as tools to insulate Britain from the whims of wholesale fossil fuel prices. ...
Government intervention has led to higher energy bills, claims Lords report image
.... The auctions would cap carbon emissions. At present the government only allows low-carbon power, such as windfarms and new nuclear power stations, to compete in auctions for such deals, known as contracts for difference. ...
Government meddling makes energy costlier, peers say image
Source : BBC [Read Article] Friday 24th of February 2017 12:23:42 AM
....". The report is particularly scathing of the recent agreement between the government and EDF for a new nuclear plant at Hinkley Point in Somerset. ...
UK plans draft response to foreign takeovers after failed Unilever bid image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:07:18 PM
....At the same time as giving the green light to Hinkley, the government announced a review of its approach to the ownership and control of “critical infrastructure”. “This will allow the UK government to introduce a consistent approach to considering the national security implications of all significant investments in critical infrastructure, including nuclear energy, in the future,” it said at the time. ...
EDF faces £1m a day bill to keep French nuclear reactor offline image
Source : Guardian [Read Article] Tuesday 21st of February 2017 07:00:02 AM
....The prolonged closure of a major French atomic reactor after an explosion this month probably costs EDF at least £1m a day, according to experts. The nuclear plant operator, which will spend £18bn building the UK’s first new nuclear power station in a generation, shut unit 1 at its Flamanville plant after a fire broke out in the turbine hall. ...
Toshiba crisis: unions urge government to 'get a grip' on nuclear policy image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:01:48 PM
. Unions are urging the government to take back control of its nuclear strategy after Toshiba’s deepening financial crisis cast fresh doubt about its involvement in the planned Moorside power station in Cumbria. ...
Toshiba fuels fear of crisis after delaying earnings report image
Source : Guardian [Read Article] Tuesday 14th of February 2017 08:26:41 AM
. Toshiba has unexpectedly delayed the release of a key earnings report and details of its rumoured withdrawal from overseas nuclear projects – including one in the UK – amid reports that it could suffer net losses of 500 billion yen ($4. ...
Toshiba to confirm cessation of new nuclear projects outside Japan image
Source : Guardian [Read Article] Monday 13th of February 2017 11:43:15 PM
. Toshiba is expected to confirm that it is withdrawing from new nuclear projects outside Japan, dealing a blow to plans for a new power station in the UK. ...
UK offshore wind 'will lower energy bills' more than nuclear image
Source : Guardian [Read Article] Sunday 12th of February 2017 01:30:13 PM
. Offshore windfarms could provide cheaper power than Britain’s new wave of nuclear power stations, a leading figure in the wind industry has claimed. ...
How Xi Jinping's global ambitions could thrive as Trump turns inward image
Source : Guardian [Read Article] Friday 10th of February 2017 12:25:10 PM
.... Shirk said one-party China – a country most still associate with little more than economic success and autocratic governance – saw a chance to rebrand itself as a benevolent great power acting in the common good. Bishop said Beijing’s joy at the turmoil of Trump’s transition would be tempered by fears that change was coming too fast, and that a White House packed with China hawks would usher in an era of chaos and conflict between the two nuclear powers. ...
'UK could be fastest-growing G7 economy if it gets trade deals right' image
Source : Guardian [Read Article] Tuesday 7th of February 2017 06:30:07 AM
.... But it adds a note of caution that the forecasts are based on some basic assumptions. “We assume broadly growth-friendly (but not perfect) policies and no major civilisation-threatening global catastrophes (eg nuclear war, asteroid collisions) over the period to 2050,” the report said. ...
Blackouts? What blackouts? How National Grid keeps the lights on image
Source : Guardian [Read Article] Monday 6th of February 2017 01:12:31 PM
.... Last Friday £378m worth of contracts were awarded for the capacity market, most of which will be paid to old gas, coal and biomass power stations that will be ready to provide power at short notice if there is a surge in demand or dip in supply. But the sources of the UK’s power are changing fast, from a small number of fossil fuel and nuclear power plants to a greater reliance on renewable providers such as windfarms, backed up by gas power plants and undersea power lines connected to continental Europe and Ireland. ...
Blow to UK nuclear strategy as Toshiba considers pulling out of Cumbria plant image
. Plans for a new nuclear power station in Cumbria are likely to be scrapped after a key backer pulled out, creating a major hole in the government’s nuclear strategy. ...
Britain has grown rich by chasing the cash. Now it has lost the scent | Will Hutton image
.... For the British Eurosceptics, Europe has become so toxic nobody can think straight. Thus a footnote to the five-paragraph Brexit bill declares that Britain is to leave Euratom, the organisation set up in parallel with the EU to ensure safety standards in the European nuclear industry. ...
Energy sector faces struggle to find the female engineers of the future image
Source : Guardian [Read Article] Saturday 28th of January 2017 04:00:04 PM
....”. EDF, which is building Britain’s first new nuclear power station in two decades, has been running a cinema ad campaign as part of its drive to encourage girls and young women to study disciplines that could lead to energy jobs. ...
Brexit will delay new British nuclear power stations, warn experts image
Source : Guardian [Read Article] Friday 27th of January 2017 11:12:51 AM
. Britain’s first nuclear power station in two decades will be delayed by a government decision to quit Europe’s atomic power treaty, experts have warned. ...
British Steel to reverse salary cut for workers agreed under Tata image
Source : Guardian [Read Article] Wednesday 25th of January 2017 06:41:37 PM
....But British Steel said the plant had returned to profit in the first nine months of its financial year, in an update that will raise hope that new life can be breathed into steelmaking in the UK. British Steel put the improvement down to cost cuts and “significant” contracts, including a £2m agreement to supply the steel for the new Hinkley Point C nuclear power plant in Somerset. ...
Theresa May's post-Brexit industrial strategy ducks tough decisions | Nils Pratley image
.... In other words, the subject is too tricky for this document. Some industrialists will find to much to cheer, notably the emphasis on reducing energy costs (though it remains a mystery how that squares with the grotesquely expensive Hinkley Point C nuclear power station). ...
MPs question post-Brexit viability of May's industrial strategy image
Source : Guardian [Read Article] Monday 23rd of January 2017 03:45:43 PM
....The industrial strategy, unveiled in Warrington, Cheshire, shows the prime minister is prepared to take a more interventionist approach in British industry than previous governments. The green paper states that five sectors will receive special government support because of their potential: life sciences, vehicles with low CO2 emissions such as electric cars, industrial digitalisation, the creative sector and the nuclear industry. ...
Theresa May’s industrial plan signals shift to more state intervention image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:28:07 AM
....Theresa May is to signal an era of greater state intervention in the economy as she launches her industrial strategy with a promise of “sector deals”, a new system of technical education and better infrastructure. The prime minister will publish the strategy at a cabinet meeting in the north-west of England, naming five sectors that could receive special government support: life sciences, low-carbon-emission vehicles, industrial digitalisation, the creative sector and nuclear industry. ...
Hiring a carer for my mother was a huge learning curve, but help is available image
....After struggling with her balance for some time and suffering a series of falls, our mother, Jenny, was initially diagnosed with Parkinson’s around eight years ago in her mid-60s. As new symptoms presented themselves, the diagnosis was changed to progressive supranuclear palsy, which results in difficulty with balance, movement, vision, speech and swallowing. ...
If the City vs Brussels is like a game of Jenga, it’s possible both sides could lose image
.... The reality is that wind and solar are both tried and tested and cheaper today, but for ideological reasons the government has effectively halted their expansion. With those two sidelined, the last eight coal power stations closing by 2025, new nuclear at least a decade away and ambitious carbon targets looming, it’s hard to see what form of power generation fills the gap and ticks the boxes of security, affordability and decarbonisation. ...
Robotics, Trump and Brexit turn up the heat amid the snow of Davos image
Source : Guardian [Read Article] Saturday 14th of January 2017 03:59:30 PM
....Former US vice-president Al Gore is attending, as is Christiana Figueres, who led the UN convention on climate change. They should find a receptive audience: environmental issues dominated the WEF’s annual survey of global risks for 2017 behind the threat of nuclear war. ...
Iran welcomes Airbus as first post-sanctions airliner image
Source : BBC [Read Article] Thursday 12th of January 2017 06:06:57 PM
.... . World powers agreed to lift sanctions against Iran in return for its curbing of nuclear activities. ...
Tidal lagoon: £1.3bn Swansea Bay project backed by review image
Source : BBC [Read Article] Thursday 12th of January 2017 11:30:17 AM
.... But the technology will come into its own - and could eventually meet 8% of the UK's energy needs - when the network of more cost-effective, larger lagoons come on stream over the next 10 years. It forecasts it will be less than the cost of electricity from the new Hinkley C nuclear power station - and lagoons will also last 120 years. ...
Swansea Bay tidal lagoon backed by government review image
Source : Guardian [Read Article] Thursday 12th of January 2017 08:51:24 AM
....The price is expected to be similar to the £92. 50 per megawatt hour agreed for power from the Hinkley C nuclear power station but over a far longer period than the 35-year nuclear deal with EDF. ...
United Arab Emirates to invest $163bn in renewables image
Source : BBC [Read Article] Tuesday 10th of January 2017 05:28:16 PM
....The UAE is eighth on the World Bank's worldwide list of CO2 emissions per capita, below Qatar, Kuwait and Bahrain. UAE Prime Minister Sheikh Mohammed bin Rashid al-Maktoum said it is hoped that by 2050, 44% of the country's energy needs will be provided by renewables, with 38% from gas, 12% from cleaner fossil fuel and 6% from nuclear energy. ...
Sir David Clementi: City grandee ready to do the business at the BBC image
Source : Guardian [Read Article] Tuesday 10th of January 2017 04:40:51 PM
.... A great-great-uncle was also a British colonial administrator in Singapore, Malaysia and Sri Lanka. His father, Creswell Montagu Clementi, was an air vice-marshal who attended the British nuclear tests on Christmas Island in the 1950s. ...
Government review likely to back Swansea Bay tidal lagoon image
Source : Guardian [Read Article] Tuesday 10th of January 2017 06:00:26 AM
....But the developer and government officials have not yet been able to reach agreement on a guaranteed price for electricity from the lagoon. Negotiations are continuing on a price that would be even higher than the one agreed for the new Hinkley Point C nuclear power station, and paid for by a levy on energy bills. ...
Workers at nuclear sites to be balloted image
Source : BBC [Read Article] Monday 9th of January 2017 02:05:52 PM
. About 16,000 workers at 19 UK nuclear sites are to be balloted on strike action in a dispute over pensions. ...
China to invest £292bn into renewable fuel by 2020 image
Source : Guardian [Read Article] Thursday 5th of January 2017 08:27:57 AM
....The investment will create more than 13m jobs in the sector, the National Energy Administration said in a blueprint document that lays out its plan to develop the nation’s energy sector during the five-year 2016 to 2020 period. The NEA said installed renewable power capacity including wind, hydro, solar and nuclear power would contribute to about half of new electricity generation by 2020. ...
Will Donald Trump's election put America first and global conflict next? image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 08:33:31 AM
....Meanwhile, an “America first” approach under Trump will likely worsen the longstanding Sunni-Shia proxy wars between Saudi Arabia and Iran. And if the US no longer guarantees its Sunni allies’ security, all regional powers – including Iran, Saudi Arabia, Turkey, and Egypt – might decide that they can defend themselves only by acquiring nuclear weapons, and even more deadly conflict will ensue. ...
Surging stock markets say Trump is a conman and May a phoney | Andrew Rawnsley image
.... But Article 50 is going to be triggered in the next 12 months, with consequences that the best minds in politics, diplomacy and trade can only guess at. Before that, in less than three weeks’ time, Donald Trump gets his fat fingers on the nuclear biscuit. ...
Toshiba shares plummet for third day running image
Source : Guardian [Read Article] Thursday 29th of December 2016 08:27:03 AM
. Shares in Toshiba fell more than 19% on Thursday, the third day of heavy losses after the Japanese tech-to-nuclear conglomerate said earlier this week that it faced a potential multibillion-dollar writedown. ...
Toshiba shares slump: What's going wrong? image
Source : BBC [Read Article] Thursday 29th of December 2016 02:03:02 AM
....The Japanese industrial giant has now had more than 40% of its value wiped off since 26 December. It comes after the firm's chairman apologised and warned that its US nuclear business may be worth less than previously thought. ...
Toshiba shares fall 20% as nuclear writedown sinks in image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:10:42 AM
. Toshiba shares dived more than 20% on Wednesday in their second straight double-digit plunge as the company said it may book a one-time loss of several billion dollars over its US nuclear business. ...
Brexit, strikes and pay revolts: the year in business image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:00:27 AM
....The annual general meeting season started with a bang when two FTSE 100 companies – BP and Smith & Nephew – had their pay schemes voted down. There were also big events in industry, with Nissan securing a post-Brexit deal, approval for the Hinkley Point C nuclear power station and concerns over the commitment of Indian company Tata to its UK steel plants. ...
Toshiba shares fall 20% on deal warning image
Source : BBC [Read Article] Wednesday 28th of December 2016 02:38:59 AM
. Toshiba shares fell 20% on Wednesday after the firm warned that its US nuclear business may be worth less than previously thought. ...
China to rein in outward investment as domestic growth stalls image
Source : Guardian [Read Article] Monday 26th of December 2016 03:54:56 PM
....British assets have also proved tempting for Chinese firms and wealthy businessmen looking to add to their already sizeable clutch of UK investments. State-backed China General Nuclear took a 30% stake in the £24bn Hinkley Point C nuclear power plant, helping France’s government-owned energy group EDF fund the project. ...
The iPhone at 10 image
Source : BBC [Read Article] Monday 26th of December 2016 02:18:43 AM
.... . Specifically, he was on President Kennedy's Scientific Advisory committee in 1963, trying to figure out how to detect when the Soviet Union was testing nuclear weapons. ...
UK hits clean energy milestone: 50% of electricity from low carbon sources image
Source : Guardian [Read Article] Thursday 22nd of December 2016 03:06:26 PM
. Half of the UK’s electricity came from wind turbines, solar panels, wood burning and nuclear reactors between July and September, in a milestone first. ...
Defence spend pushes Japan to record budget image
Source : BBC [Read Article] Thursday 22nd of December 2016 05:01:52 AM
. Japan's Prime Minister Shinzo Abe has signed off a record defence budget in the face of territorial disputes with China and North Korea's nuclear and missile threats. ...
Rolls-Royce exploited US sanctions loopholes to trade with Iran image
Source : Guardian [Read Article] Wednesday 21st of December 2016 10:30:15 AM
.... “I am little bit surprised, given that it’s under sanction and these guys have a pretty big exposure to the US both on the commercial [aerospace] side as well as defence,” he said. Relations between Iran and the west deteriorated dramatically throughout the 2000s amid concerns the country was trying to develop a nuclear weapons programme, with the UN security council approving fresh sanctions on Iran in 2006. ...
Lloyds's MBNA deal: good for the bank, bad for competition | Nils Pratley image
Source : Guardian [Read Article] Wednesday 21st of December 2016 12:01:02 AM
.... If such a rule had been in place, Green would surely not have been allowed to sell BHS to the thrice-bankrupt Dominic Chappell. Field’s other idea is that Pensions Regulator should be armed with a “nuclear deterrent” in the form of punitive fines. ...
Sir Philip Green could face £1bn BHS fine under MPs' plan image
Source : Guardian [Read Article] Wednesday 21st of December 2016 12:00:02 AM
....Sir Philip Green may have to pay £1bn to resolve the problems facing the BHS pension scheme under proposals tabled by MPs. The work and pensions committee, which is chaired by Labour MP Frank Field, has called for the government to introduce a “nuclear deterrent” to stop companies or individuals trying to avoid their responsibilities to pension schemes. ...
EDF to hike electricity prices 8.4% with other providers expected to follow suit image
....4% from March, with other “big six” energy providers expected to match the increases. The French-owned energy giant, which in September signed an £18bn deal to build the controversial Hinkley Point nuclear plant, said it would cut gas prices by 5. ...
EDF to cut gas bills but raise electricity prices image
Source : BBC [Read Article] Friday 16th of December 2016 10:34:35 AM
.... . An outage at some French nuclear power plants led to a drop in supply of electricity to the UK market in November. ...
Brexit migration rules could harm City's lead in financial services technology image
....”. Several of the witnesses call for a transition phase of two to three years, on top of the two-year negotiation phase, which is expected to begin in April, and compared the risks of getting it wrong to moving “nuclear waste”. ...
Trump picks Exxon chief Rex Tillerson for secretary of state image
Source : BBC [Read Article] Tuesday 13th of December 2016 07:01:29 PM
....The secretary of state is in effect the most senior US diplomat, responsible for enacting the government's foreign policy. Under a Trump presidency, his in-tray could include everything from handling rows with China to revisiting the nuclear accord with Iran. ...
Iran finalizes $16.8bn deal with Boeing after nuclear agreement, state news says image
....Iran said on Sunday it has finalized a $16. 8bn deal with Boeing to purchase 80 passenger planes, a deal made possible by last year’s landmark nuclear agreement. ...
Iran signs $16bn deal to buy 80 Boeing aircraft image
Source : BBC [Read Article] Sunday 11th of December 2016 11:35:41 AM
.... . It came after the US and other nations agreed last year to lift sanctions on Iran, in exchange for it ceasing its nuclear activities. ...
New battery power-storage plants scheduled to keep UK lights on image
Source : Guardian [Read Article] Friday 9th of December 2016 06:24:39 PM
....But they were disappointed that coal still fared well – winning a tenth of backup capacity – despite the government’s promises to phase out the polluting fuel by 2025. Existing large coal, gas and nuclear power stations will provide 85% of backup power in 2020-21. ...
Batteries charged to play bigger role in UK energy grid image
Source : BBC [Read Article] Friday 9th of December 2016 01:53:05 PM
....Most of the £1. 2bn cost of the auction (which we'll pay via our energy bills) will go to existing generators - including EDF with its nuclear fleet which would have been operating anyway. ...
National Grid sells majority stake in gas division in £13.8bn deal image
Source : Guardian [Read Article] Thursday 8th of December 2016 09:48:42 AM
....The sale could test the government’s approach to foreign investment in UK infrastructure after a review of the rules was announced in September. The review, which is not completed, followed the government’s decision to approve the building of the Hinkley Point C nuclear power station with Chinese backing. ...
Drax moves away from coal to bid on Opus Energy and gas plants image
Source : Guardian [Read Article] Tuesday 6th of December 2016 07:12:46 PM
.... This triggered a strategic review last year and Tuesday’s announcements show the power producer will shift focus to supplying energy to end consumers and providing backup electricity to complement growing wind and solar power output. Britain faces a supply crunch over the coming winters as nuclear reactors age and coal plants are forced to close by 2025. ...
McCluskey triggers early Unite general secretary election image
Source : BBC [Read Article] Tuesday 6th of December 2016 05:29:48 PM
.... . He has been a strong supporter of Jeremy Corbyn but some within this industrial union have been concerned by Mr Corbyn's plans to ban fracking, and also by his lukewarm support for new nuclear power. ...
German nuclear firms 'can claim compensation over shutdown' image
Source : BBC [Read Article] Tuesday 6th of December 2016 01:09:40 PM
. German energy suppliers can claim compensation over the country's phasing out of nuclear power by 2022, a court has ruled. ...
Galactic gold rush: the tech companies aiming to make space mining a reality image
.... Add in the riches found inside asteroids, and the sky is literally the limit. The moon, for example, is abundant in Helium-3, an extremely rare element on Earth that could theoretically be used as fuel in future nuclear fusion plants. ...
New blow for Hinkley Point contractor EDF after French safety checks image
Source : Guardian [Read Article] Friday 2nd of December 2016 07:37:51 PM
. The company building the UK’s first new nuclear power station for decades is facing questions over the health of its fleet of French nuclear plants after an investigation which has left the country with the lowest level of nuclear power for 10 years and the prospect of power cuts during a cold snap. ...

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