As it happens: the UK gas price crisis
UK utilities have reached breaking point as consistent rises in the wholesale price of gas have made their business unprofitable, with no way of passing costs on.
Why success at COP26 is vital for business
A successful outcome will mitigate climate risk, provide businesses with the certainty they so desperately...
Drax may keep coal-fired power plants open beyond planned closure
UK power provider Drax has announced that it could keep its coal-fired power stations in operation beyond their planned closure date of next year due to the energy crisis gripping Europe
UK’s “unavoidable loss” gas prices pushes smaller utilities to ruin
The UK’s wholesale gas price hike has caused the bankruptcy of two more small utilities, bringing the total to six, with more than 1.5 million customers affected.
UK Government to invest £200m in a bid to cut carbon emissions
The UK Government is encouraging businesses to bid for a share of £200m to help cut their carbon emissions.
Latest Deals
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AusNet ServicesMergers & Acquisitions $6.94BN
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Duke EnergyMergers & Acquisitions $1.025BN
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QuantaMergers & Acquisitions $2.7BN
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National GridMergers & Acquisitions $10.74BN
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AusNet ServicesMergers & Acquisitions $6.94BN
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Duke EnergyMergers & Acquisitions $1.025BN
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QuantaMergers & Acquisitions $2.7BN
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National GridMergers & Acquisitions $10.74BN
Weekly chart
Growth in stocks value of the power sector, beginning of Q4 2019 to beginning of Q2 2021
| Indicator | Count |
|---|---|
| Financing Deals | 3 (−1▼) |
| Partnership Deals | 0 (−2▼) |
| M&As | 0 (−1▼) |
| Company filings mentions | 41 (−102▼) |
| Jobs | 2,749 (+1,545▲) |
Latest News
Balfour Beatty secures $71m cabling works contract in London
The cables will be linked to several substations across the city through an underground tunnel network.
Wärtsilä to build and operate 120MW gas power plant in Gabon
Wärtsilä will maintain the power plant for a period of 15 years once it has been built.
NuScale Power to explore SMR technology for coal-fired plants
NuScale Power will also support Getka Group and Unimot in establishing nuclear plants in Poland.
Indonesia recommends route for Sun Cable’s AAPowerLink project
The project is designed to export clean energy from Elliott to Darwin and Singapore.
Latest Themes
Inside Cervest’s plan to map the world’s climate risk
Envirotech startup Cervest is building an AI platform that can map the world's climate risk and provide businessses with climate intelligence, as Robert Scammell discovers.
Durapower and partners to build battery plant in Poland
The manufacturing unit will have an annual production capacity of up to 2GWh.
Show us the money: sustainable finance tech for COP26 to think about
COP26 is likely to bring more power to the net-zero movement. But what changes can sustainable technology bring?
‘VU’ Creates Digital Solution for Fraud Prevention and Identity Protection
Concept: Argentina-based cybersecurity company ‘VU’ has created a fraud prevention and identity protection solution for...
Researchers from MIT Generates Hydrogen Fuel from Aluminium Scrap and Water
Concept: IBM and Mercedes has announced the development of "Urban Guard - Stolen Vehicle Help,"...
Baidu Develops Autonomous Excavators System for Construction Industry
Concept: Researchers from Baidu Research Robotics and Auto-Driving Lab (RAL) and the University of Maryland...
Singapore Deploys Public Compliance Robots
Concept: Singapore has begun testing two autonomous robots to patrol public spaces and prevent bad...
Triax’s IoT-Powered Suite Optimizes Workplace Safety and Efficiency
Concept: Connecticut-based technology startup Triax Technologies (Triax) has rolled out Spot-r Suite, an IoT-powered versatile...
Expert Commentary & Analysis
View MorePower trends: Solar leads Twitter mentions in Q2 2021
Power Technology lists the top five terms tweeted on power in Q2 2021, based on...
Hyundai bids low for Saudi-Egypt network contract
According to MEED, South Korea's Hyundai E&C has bid low for the 900km overhead transmission...
Blockchain: Macroeconomic Trends
Industry alliances or consortia have become popular as implementation of blockchain solutions requires a group...
UK Government considering loans for energy firms amid soaring prices
A 250% rise in gas prices this year has created problems for UK energy companies.