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HERMES Infrastructure has sold its 25.6% managed interest in smart metering company Energy Assets Group Limited (‘Energy Assets’) to a consortium comprising European institutional investors and an infrastructure fund. The realisation was completed as part of a 100% sale, alongside funds managed by Alinda Capital Partners. Hamish de Run, Head of Hermes Infrastructure, commented on the news: “Energy Assets has delivered...

A COALITION of international businesses and organisations has shared an open letter to asking 'CEOs everywhere' to use their platforms to keep nature at the heart of governments' recovery from the coronavirus crisis. The Business for Nature campaign has called on corporations to encourage political leaders to embrace economic policies and packages that prioritise nature restoration. The group includes a host...

THE REPEATEDLY delayed Energy White Paper may not be published until late 2021, a newly unearthed document claims. This follows a claim submitted for judicial review by Net Zero campaigners of a decision by officials at the Department for Business, Energy and Industrial Strategy (BEIS). In a Statement of Fact submitted to High Court by the Good Law Project, Ecotricity chief...

LAST week, a multi-million pound fund was announced by the Scottish Government to help the energy sector recover from the dual economic impacts of coronavirus and the oil and gas price crash. The £62 million Energy Transition Fund will 'support businesses in the oil, gas and energy sectors over the next five years as they grow and diversify and will...

OVERCOMING the prohibitive cost of home retrofits and the lack of information about the process, available technology and grants, are key to enabling the widespread uptake of energy retrofitting across Ireland, according to new analysis by Tipperary Energy Agency. Focused on information gleaned between 2015 and 2019 from 761 householders who applied for Tipperary Energy Agency’s SuperHomes scheme, the analysis...

NORTH Sea oil industry workers are expected to make up a large percentage of those using the furlough scheme within the UK energy sector. New figures released by HMRC show that 16,300 energy industry staff have used the UK Government Coronavirus Job Retention Scheme at a £39 million cost to the Treasury. Around 600 UK energy firms applied to use the...

BUSINESS support organisation The Water Hub has received a total of £120,000 funding that will help it continue to collaboration to help solve local environmental challenges. The funding has come from the North East Local Enterprise Partnership and partners, including the Environment Agency, Durham County Council, Durham University, and Northumbrian Water Ltd. The funding allows the initiative to establish a business...

AN ETHICAL investment crowdfunding platform has launched an offer to invest in an Anaerobic Digestion plant on a farm in Staffordshire. Anaerobic Digestion is a circular economy technology, which works by using waste materials to generate biogas, which is combusted in a Combined Heat and Power Unit to generate heat and electricity. The digestate that remains is a nutrient-rich fertiliser which...

IN this series of four features, Nigel Cornwall is taking us on a journey over the 30-year history of GB Electricity Market. Nigel Cornwall is a well-known energy industry commentator and founder of Cornwall Insight. His latest venture is New Anglia Energy, which is a company formed to support local energy markets in Norfolk and Suffolk. Its purpose is to demonstrate learning...

PLANS to make some Monmouthshire council buildings more energy efficient have been approved by county councillors. The up to £2.5 million process, which is to be funded by a Welsh Government interest-free loan, would include installing LED lighting, solar panels, boiler upgrades, heat pumps and high efficiency showers. The council’s energy officer, Ian Hoccom, told South Wales Argus: “The intention would...