Browsing Tag
Department for Energy Security and Net Zero
14 posts
STEP Fusion programme: £1.3bn funding, 100MW target, West Burton construction and 2040 timeline
The United Kingdom’s STEP Fusion programme is advancing into preliminary design at West Burton in Nottinghamshire, backed by approximately £1.3 billion for its current delivery phase. The prototype spherical tokamak aims to demonstrate at least 100MW of net electrical output, tritium fuel self-sufficiency and a credible route to commercial fusion operations from 2040.
ITM Power (AIM: ITM) cuts loss forecast by 27%, but what is driving the turnaround?
ITM Power has reduced its FY2026 adjusted EBITDA loss forecast to £20 million to £21 million without upgrading sales or cash guidance. Improving contract economics, legacy project exposure and a new publicly supported manufacturing expansion will determine whether the progress is sustainable.
Invinity (AIM: IES) shares fall 20% despite Ofgem backing for 520 MWh Frontier Legacy project
Ofgem has provisionally selected the Frontier Legacy long-duration storage project using Invinity’s vanadium flow batteries, but IES shares plunged as investors confronted the limited award, financial-assessment concerns and delivery risk.
UK offshore wind charter links clean energy growth to stronger worker protections
Offshore wind needs workers as much as turbines. The UK’s fair work charter turns labour standards into a clean energy delivery test.
UK sets new carbon budget as clean energy jobs and fossil fuel shocks reshape energy policy
Fossil fuel shocks are rewriting energy policy. Britain’s new carbon budget tests whether clean power can cut bills and create lasting jobs.
ITM Power (LSE: ITM) stock jumps 10% as Great British Energy and DESNZ commit £86.5m to next-generation hydrogen manufacturing
ITM Power (LSE: ITM) secures £86.5m in UK government backing from Great British Energy and DESNZ to build a 1 GW Chronos electrolyser line in Sheffield. Read more.
UK commits £64m to build Port Talbot into a floating offshore wind hub for the Celtic Sea
UK commits £64m to build Port Talbot into a floating offshore wind port for the Celtic Sea. What it means for ABP, developers, and South Wales. Read more.
Outer dowsing offshore wind secures UK consent as TotalEnergies and Corio advance 1.5GW North Sea project
UK grants consent for 1.5GW Outer dowsing offshore wind. What it means for TotalEnergies, UK energy security, and the 50GW target. Read more.
UK’s record renewables auction unlocks £3.4bn in private capital for clean energy manufacturing and port infrastructure
Find out how the UK’s record AR7 offshore wind auction is transforming ports, creating 7,000 jobs, and catalysing £3.4B in supply chain investment.
Five Estuaries wind farm gets greenlight: Can this North Sea extension project scale UK’s energy security ambitions?
Five Estuaries wind farm gets UK approval to add over 300MW offshore capacity. Find out what it means for investors, energy strategy, and local jobs.