Nova Innovation receives funds for tidal energy in North Wales

11/08/2017 11:36 Hydro


UK tidal energy generator Nova Innovation has been awarded £265,000 for the development of a tidal project at Bardsey Sound in north Wales.

The commercial manager at Nova Innovation said that it is a challenging opportunity for the company and for Wales to prove that they can substantially contribute to UK’s energy mix, since UK’s tidal stream energy has the potential to generate close to 20% of the country’s energy demands.


The financial aid will also enable Nova to invest in the local supply and help create new jobs, thus reviving the coastal settlements. 


The first stage of the project will be the appraisal of the project’s practicability, and together with the Environmental Impact assessment, the whole process will take around a year to complete. After that, Marine Resource Wales needs to receive a marine license application, which will extend the wait to another year, as the regulator will have to check the application and make a decision.

UK prepares a scheme for domestic nuclear safeguards

18/09/2017 17:01:00

As UK is preparing to exit European Union, it has planned a domestic nuclear safeguards regime, proving its responsibility of a nuclear state. The withdrawal from Euratom will not lead to poorer safeguards standards and oversight in the nation, as announced by the UK secretary of state for Business, Energy and Industrial Strategy. 


Azerbaijan: The deal to extend oilfield to 2049 signed by BP-led partners and SOCAR

18/09/2017 11:40:00

A deal has been signed between the Azerbaijan government, the State Oil Company of Azerbaijan (SOCAR) and BP-led partners for the Azeri, Chirag, and deepwater Gunashli field (ACG) in the Caspian Sea.


Daily (18.09.2017): British gas contracts dipped on Friday due to weaker energy complex

18/09/2017 10:57:00

Oil prices were firm on Monday and stayed close to multi-month peaks hit late last week as the number of U.S. rigs drilling for new output fell and due to the restart of the refineries after Hurricane Harvey.