Energy
Brimmond forecasts £10m turnover for FY 2023/24 after reporting record results
Published 1 year ago
Engineering firm, Brimmond, is celebrating a record financial year, having realised a turnover of £6.5 million, marking a 10% increase from the prior year.
Read on www.scottishfinancialnews.com →
Blackfish launches Scottish arm to support offshore wind sector
Published 1 year ago
Offshore engineers Blackfish have today launched a Scottish arm to support the fast-expanding offshore wind sector – with the goal of helping operators accelerate innovation and drive down cost.
Read on www.scottishconstructionnow.com →
Sumitomo’s £200m investment in subsea cable factory to boost Highlands green jobs
Published 1 year ago
In a significant boost to Scotland’s green energy sector, Sumitomo Electric Industries, a Japanese multinational corporation, has announced a £200 million investment in a new high-voltage subsea cable manufacturing plant.
Read on www.scottishfinancialnews.com →
Steyn Group funds Carbon Capture Scotland’s ambition for largest carbon capture plant
Published 1 year ago
Supported by Thorntons, Dumfries and Galloway-based Carbon Capture Scotland has secured a seven-figure sum investment from Steyn Group to facilitate further growth.
Read on www.scottishfinancialnews.com →
Forth Ports commits to be net zero by 2042
Published 1 year ago
Scotland’s biggest port operator Forth Ports has outlined a commitment for its operations to be carbon neutral by 2032 and net zero by 2042.
Read on www.scottishconstructionnow.com →
Apollo drops £1.7bn bid for Wood Group
Published 1 year ago
Apollo Global Management has withdrawn its fifth proposal to acquire Aberdeen-based energy services company Wood Group, causing the company’s share price to drop to 135p on Monday morning, which equated to a loss of over £500 million in the company’s stock market value.
Read on www.scottishfinancialnews.com →
Scottish wind to power Canary Wharf in new deal with Brookfield
Published 1 year ago
Canary Wharf Group (CWG) has entered into a 15-year power purchase agreement (PPA) with global asset manager and renewable energy provider Brookfield to buy clean energy and support the construction of a new wind farm in Scotland.
Read on www.scottishfinancialnews.com →
TowerBrook Capital invests in Glasgow EV charging firm Envevo
Published 1 year ago
International investment firm TowerBrook Capital Partners has invested an undisclosed amount in Envevo, an EV charging points design and installation firm catering to B2B clients.
Read on www.scottishfinancialnews.com →
Scottish National Investment Bank backs Verlume with £6.6m for offshore wind growth
Published 1 year ago
Clean energy company Verlume has secured £7.2 million in funding, with £6.6m provided by the Scottish National Investment Bank, to support its expansion plans.
Read on www.scottishfinancialnews.com →
Ardersier Port receives £300m to advance offshore wind and decommissioning initiatives
Published 1 year ago
Ardersier Port, situated near Inverness, has received an initial £300 million investment commitment from Quantum, a US investment firm that provides private capital to the global energy industry, to fuel the port’s redevelopment into a major energy transition facility.
Read on www.scottishfinancialnews.com →
Wood Group considers Apollo’s £1.7 billion takeover bid
Published 1 year ago
Aberdeen-headquartered Wood Group’s board has confirmed it is considering Apollo Global Management’s fifth acquisition proposal for 240p per share, which was put forward earlier in the month.
Read on www.scottishfinancialnews.com →
Dundee gigafactory plans at risk as AMTE Power eyes US subsidies
Published 1 year ago
AMTE Power, a UK-based battery manufacturer, is considering relocating its planned gigafactory from Dundee to the United States due to the Inflation Reduction Act’s subsidies.
Read on www.scottishfinancialnews.com →
Energy sector expects windfall tax relief as oil and gas prices fall
Published 1 year ago
UK oil and gas companies are expected to be offered windfall tax relief by Prime Minister Rishi Sunak as part of efforts to boost investment and improve energy security.
Read on www.scottishfinancialnews.com →
Crown Estate Scotland secures £262m from North Sea decarbonisation projects
Published 1 year ago
Crown Estate Scotland has secured £262 million in applicant fees from the first leasing round designed to enable offshore wind energy to directly supply offshore oil and gas platforms.
Read on www.scottishfinancialnews.com →
Gravitricity secures route to Czech market with Nano Energies partnership
Published 1 year ago
Scottish underground energy storage firm Gravitricity has signed a collaboration agreement with Czech electricity flexibility aggregator Nano Energies to develop commercial routes to market for their gravity storage technology.
Read on www.scottishfinancialnews.com →
Brimmond forecasts £10m turnover for FY 2023/24 after reporting record results
Published 1 year ago
Engineering firm, Brimmond, is celebrating a record financial year, having realised a turnover of £6.5 million, marking a 10% increase from the prior year.
Read on www.scottishfinancialnews.com →
Blackfish launches Scottish arm to support offshore wind sector
Published 1 year ago
Offshore engineers Blackfish have today launched a Scottish arm to support the fast-expanding offshore wind sector – with the goal of helping operators accelerate innovation and drive down cost.
Read on www.scottishconstructionnow.com →
Sumitomo’s £200m investment in subsea cable factory to boost Highlands green jobs
Published 1 year ago
In a significant boost to Scotland’s green energy sector, Sumitomo Electric Industries, a Japanese multinational corporation, has announced a £200 million investment in a new high-voltage subsea cable manufacturing plant.
Read on www.scottishfinancialnews.com →
Steyn Group funds Carbon Capture Scotland’s ambition for largest carbon capture plant
Published 1 year ago
Supported by Thorntons, Dumfries and Galloway-based Carbon Capture Scotland has secured a seven-figure sum investment from Steyn Group to facilitate further growth.
Read on www.scottishfinancialnews.com →
Forth Ports commits to be net zero by 2042
Published 1 year ago
Scotland’s biggest port operator Forth Ports has outlined a commitment for its operations to be carbon neutral by 2032 and net zero by 2042.
Read on www.scottishconstructionnow.com →
Apollo drops £1.7bn bid for Wood Group
Published 1 year ago
Apollo Global Management has withdrawn its fifth proposal to acquire Aberdeen-based energy services company Wood Group, causing the company’s share price to drop to 135p on Monday morning, which equated to a loss of over £500 million in the company’s stock market value.
Read on www.scottishfinancialnews.com →
Scottish wind to power Canary Wharf in new deal with Brookfield
Published 1 year ago
Canary Wharf Group (CWG) has entered into a 15-year power purchase agreement (PPA) with global asset manager and renewable energy provider Brookfield to buy clean energy and support the construction of a new wind farm in Scotland.
Read on www.scottishfinancialnews.com →
TowerBrook Capital invests in Glasgow EV charging firm Envevo
Published 1 year ago
International investment firm TowerBrook Capital Partners has invested an undisclosed amount in Envevo, an EV charging points design and installation firm catering to B2B clients.
Read on www.scottishfinancialnews.com →
Scottish National Investment Bank backs Verlume with £6.6m for offshore wind growth
Published 1 year ago
Clean energy company Verlume has secured £7.2 million in funding, with £6.6m provided by the Scottish National Investment Bank, to support its expansion plans.
Read on www.scottishfinancialnews.com →
Ardersier Port receives £300m to advance offshore wind and decommissioning initiatives
Published 1 year ago
Ardersier Port, situated near Inverness, has received an initial £300 million investment commitment from Quantum, a US investment firm that provides private capital to the global energy industry, to fuel the port’s redevelopment into a major energy transition facility.
Read on www.scottishfinancialnews.com →
Wood Group considers Apollo’s £1.7 billion takeover bid
Published 1 year ago
Aberdeen-headquartered Wood Group’s board has confirmed it is considering Apollo Global Management’s fifth acquisition proposal for 240p per share, which was put forward earlier in the month.
Read on www.scottishfinancialnews.com →
Dundee gigafactory plans at risk as AMTE Power eyes US subsidies
Published 1 year ago
AMTE Power, a UK-based battery manufacturer, is considering relocating its planned gigafactory from Dundee to the United States due to the Inflation Reduction Act’s subsidies.
Read on www.scottishfinancialnews.com →
Energy sector expects windfall tax relief as oil and gas prices fall
Published 1 year ago
UK oil and gas companies are expected to be offered windfall tax relief by Prime Minister Rishi Sunak as part of efforts to boost investment and improve energy security.
Read on www.scottishfinancialnews.com →
Crown Estate Scotland secures £262m from North Sea decarbonisation projects
Published 1 year ago
Crown Estate Scotland has secured £262 million in applicant fees from the first leasing round designed to enable offshore wind energy to directly supply offshore oil and gas platforms.
Read on www.scottishfinancialnews.com →
Gravitricity secures route to Czech market with Nano Energies partnership
Published 1 year ago
Scottish underground energy storage firm Gravitricity has signed a collaboration agreement with Czech electricity flexibility aggregator Nano Energies to develop commercial routes to market for their gravity storage technology.
Read on www.scottishfinancialnews.com →