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CONRAD ENERGY ACHIEVES PLANNING PERMISSION FOR 50MW BATTERY
Conrad Energy has taken another step forward in their ability to support the National Grid at times of system stress, with their proposed 50MW battery energy storage site in Taunton receiving planning permission. Once operational the site can meet the average electricity needs of around 115,000 homes for 2 hours. Their proprietary in-house software will …
Business
Sky News
How a huge crypto firm with 1m users – 80,000 of them in the UK – collapsed in just three days
Sam Bankman-Fried looked unstoppable.The 30-year-old had built a £21bn business empire and was the CEO of FTX, the world’s second-largest cryptocurrency exchange. More than one million customers worldwide were using his platform to buy assets like Bitcoin – enticed by star-studded adverts that made everything look simple and safe. Image: Naomi Osaka appeared in an …
Business
Sky News
National Grid will not trigger power blackout prevention scheme tomorrow evening
The National Grid will not implement its blackout prevention scheme tomorrrow evening after French energy suppliers said they were struggling to cope with demand.Earlier today it was announced that the Demand Flexibility Service (DFS), which is designed to avoid blackouts, may have been brought in for the first time on Tuesday evening to reduce strain …
Business
Sky News
‘Guilt-free flying’: Rolls-Royce and easyJet test aircraft engine running on hydrogen
An aircraft engine has successfully been powered with hydrogen fuel in what is thought to be a world first, Rolls-Royce has said, in an attempt to reduce the enormous carbon footprint of flying. The aerospace manufacturer and partner easyJet, the low-cost airline, say the ground test marks a “major step” towards proving that hydrogen could …
Business
Sky News
Revolution Beauty lenders hire advisers amid accounting chaos
Lenders to Revolution Beauty, the online cosmetics retailer, have drafted in City advisers amid the accounting chaos which has left it unable to file financial results.Sky News understands that HSBC and NatWest, Revolution’s main bank lenders, have asked Teneo Financial Advisory to monitor the situation amid an independent probe. A source close to Revolution said …
Business
Business Live
Pensana progress as site works commence ahead of big new year push
Vital pipework relocation is underway at the Saltend site for rare earth specialist Pensana, as it prepares for the main works to start early in the New Year. A contractor working on behalf of Yorkshire Water is moving infrastructure to the western edge of the site boundary, where a £150 million separation plant will serve …
Business
Business Live
Rolls-Royce and EasyJet complete world-first hydrogen engine test
Rolls-Royce and EasyJet have teamed up to complete the world’s first test of a hydrogen-powered modern engine. The engineering giant and low cost operator carried out the test at the MoD’s Boscombe Down facility in Wiltshire, using a converted Rolls-Royce AE 2100-A turboprop aircraft engine. The hydrogen used was created using 100 per cent wind …
Business
Evening Standard
FTSE 100 Live 28 November: London shares fall as global investors track China protests
London’s FTSE 100 fell initial trade, as investors across global markets track the spread of popular protests against the Beijing government’s strict anti-Covid lockdown measures. Michael Hewson, chief market analyst at CMC Markets, the spread better, said the mood in dealing rooms “is being tempered this morning by civil unrest in China over fresh anti-covid …
Business
Sky News
Barclays boss Venkat diagnosed with cancer
The chief executive of Barclays has been diagnosed with cancer, the bank has said.Coimbatore Sundararajan Venkatakrishnan, known as Venkat within the bank, is to undergo treatment for non-Hodgkin lymphoma in New York. That was expected to last between 12 and 16 weeks, during which time he will work at home for some periods.Mr Venkatakrishnan, 56, …
Business
Business Live
Cardiff office building closing in on full occupancy
An office building in the centre of Cardiff is closing in on full occupancy following a £1m makeover. Just one office suite now remains vacant at the Wharton Place office building. Its owner, Arasam, has invested to retain the character of the original building while delivering new office space, entrance lobby, a remodelled full height …
Business
Evening Standard
Oil price tumbles on recession talk, Shell and BP shares follow
BACK in March supposed energy market guru Pierre Andurand had a stark warning on oil prices— they could double to $250 a barrel as the chaos from the Ukraine war spiralled.The hedge funder told investors: “Wakey, wakey. We are not going back to normal business in a few months.”This morning Mr Andurand was splashing cold …
Business
Evening Standard
Oil price tumbles on recession talk, Shell and BP shares follow
BACK in March supposed energy market guru Pierre Andurand had a stark warning on oil prices— they could double to $250 a barrel as the chaos from the Ukraine war spiralled.The hedge funder told investors: “Wakey, wakey. We are not going back to normal business in a few months.”This morning Mr Andurand was splashing cold …

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