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Powerstar Round-Up 105
Welcome to the latest round-up. We have pulled together some of the biggest developments in energy into one, convenient list to help you keep up to date with the ever-moving landscape of the UK’s energy sector.
1
Chancellor confirms £20 billion funding for CCS
Government will invest £1 billion annually in technology aimed at capturing carbon emissions before they are released to the atmosphere
Read more here
2
UK and France ink partnership to bring ‘more energy security and independence’
UK and French governments sign new deal to help both nations achieve greater energy security
Read more here
3
US installed more battery capacity in 2022 than all previous years combined
Surge in battery storage capacity is reshaping America’s regional electric grids
Read more here
4
Almost half of UK’s energy came from renewable sources in February
Renewables hit a peak daily contribute to the UK’s energy mix of nearly 80%
Read more here
5
UK extends domestic energy support for three months
Budget confirms extension of price cap, but businesses look set to miss out on additional support
6
Government to cut green energy surcharge for heavy industry
‘British Industry Supercharger’ scheme will implement targeted measures to reduce energy costs for some industrial sectors
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