Manufacturing sector ‘at risk’ of oversized and poorly matched energy equipment
Manufacturing managers concerned with the decarbonisation of energy in their facilities are being signposted towards Aggreko’s latest upgrades of equipment that will help cut emissions and protect the bottom line amid the energy crisis. According to Aggreko, industrial facilities rely on several different temporary power and temperature control solutions which are often oversized or poorly […]
Power companies on track for energy transition but ‘must not neglect full ESG responsibilities’
Power companies will face increasing pressure to respond to both social and governance issues while navigating their way through the energy transition process in the following decade. GlobalData’s latest report, ‘ESG Top Trends by Sector – Thematic Research’, reveals that renewable energy initiatives have been gaining traction globally, with power companies primarily focusing on the […]
Emerging tech ‘critical’ to manufacturers who want to embrace the Circular Economy in difficult times
A study by Sage has revealed advances in technology and innovation (72%) as the biggest driver of Circular Economy (CE) strategies in manufacturing and distribution. Its “The State of the Circular Economy” report shows the industry is paying greater attention to the need for, and benefits of, the Circular Economy (CE). It comes in response to […]
ECIU: Data shows UK energy moving towards cheaper renewables
Government statistics on UK energy trends in Q1 2022 show that the shortfall in gas generation is being filled by cheaper renewables, namely wind and solar, which have increased their share of electricity generation on the same quarter last year. Commenting on the statistics, Jess Ralston, Senior Analyst at the Energy and Climate Intelligence Unit […]
Europe’s energy crisis creates a ‘trilemma’
HANetf recently reached out to its expert partners in the energy sector to articulate their thoughts on the ongoing energy crisis in Europe [1]. With Europe currently sweltering under extreme temperatures, cold weather is likely the last thing on the mind of many. However, with Russia dialling back supplies to Europe, the continent potentially faces […]
Cybersecurity spending in the energy industry ‘will rise to $10 billion by 2025’
The rapid digitalisation of the oil and gas industry has made the industry increasingly vulnerable to cyberattacks, says GlobalData. The leading data and analytics company notes that companies must now fortify their cybersecurity posture in line with their digitalisation strategy or risk financial and reputational harm. GlobalData’s latest report, ‘Cybersecurity in Oil and Gas – […]
IRENA: Renewable power ‘remains cost-competitive’ amid fossil fuel crisis
Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact on project costs – the cost of electricity from onshore wind fell by 15%, offshore wind by 13% and solar PV by 13% compared to 2020. Renewable Power Generation Costs in 2021, […]
CEBR: Risk of recession in Europe ‘rises to 40%’ as Putin turns off the gas
The Centre for Economics and Business Research (CEBR) estimates the risk of a recession in Europe this winter at approximately 40% as a result of Russian energy taps being closed shut as part of sanctions against the Putin regime. Last week, Germany triggered stage two of its emergency gas plan, following a significant reduction in […]
Lack of regulation a ‘key obstacle’ to renewable investment
Research from Downing LLP has identified liquidity constraints and insufficient regulation as the key barriers to investment in renewable energy for UK pension funds, other institutional investors and wealth managers. Downing offers both institutional and retail investors the opportunity to invest in renewable energy and other infrastructure in the UK and northern Europe. A survey […]
Renewables dominated global power additions in 2021
Data released by the International Renewable Energy Agency (IRENA) shows that renewable energy continued to grow and gain momentum despite global uncertainties. By the end of 2021, global renewable generation capacity amounted to 3 064 Gigawatt (GW), increasing the stock of renewable power by 9.1 per cent. Although hydropower accounted for the largest share of […]