Latest news
.jpg)
Campaigners ring alarm over EU funding for gas projects through the back door
The European Commission last week published an updated methodology to assess which gas infrastructure projects will be eligible to receive EU funding, triggering warnings by environmental groups and a senior member of the European Parliament.
read more... 21/06/2021
Europe powers up electric car battery drive
As electric car sales soar, Europe has started to build up its capacity to produce batteries on the continent but it remains far from reducing its dependence on Asia.
read more... 21/06/2021
Daily (18.06.2021): Oil prices took a breather from the long-lasting uptrend due to a strong Dollar and a hike in UK Covid cases
Crude oil prices retreated from their highest level in years on Thursday amid a strong U.S. Dollar after the U.S. Federal Reserve signaled it might raise interest rates as soon as 2023. The hike in new coronavirus cases in the UK put additional pressure on oil prices. Hence, Brent crude dropped by 1.8% to settle at $73.08 a barrel. Meanwhile, U.S. WTI crude fell by 1.5% to end at $71.04 a barrel.
read more... 18/06/2021
UK in discussions for more gigafactories to ensure battery supply
The UK government is reportedly in discussions with a number of companies regarding the construction of gigafactories to ensure enough battery manufacturing capacity for the British automotive industry to meet future electric vehicle demand.
read more... 18/06/2021
.jpg){kind=spacer}
Fusion demonstration plant to be built in UK
Canadian company General Fusion is to build and operate a plant to demonstrate its nuclear fusion technology at UKAEA's Culham Campus near Oxford in the UK. The Fusion Demonstration Plant (FDP) will pave the way for a commercial pilot plant using Magnetised Target Fusion (MTF) technology and is expected to begin operations in 2025.
read more... 18/06/2021