Scottish energy solutions firm ICR Group has reported a record turnover of £41.7 million for the financial year 2022-23, representing a 20% increase from the previous year.
Glasgow-headquartered Smart Metering Systems (SMS) has reported robust growth in the first half of 2023, with its index-linked recurring revenues (ILARR) growing 13.3% to £110 million from £97.1m.
Scottish battery manufacturer AMTE Power has secured a £1 million bridging loan from Arena Investors LP, providing a lifeline to the company as it was on the brink of administration due to financial distress.
Energy firm Drax Group has received approval from the Scottish Government to construct a new £500 million underground pumped storage hydro plant at its existing Cruachan facility in Argyll.
The most pivotal milestone yet in the development of the Neart na Gaoithe (NnG) offshore wind farm has been reached with the installation of its first wind turbine at sea.
The Angus Rural Mobility Hub has been awarded £10,000 of funding by the Energy Technology Partnership (ETP) to explore the development of green hydrogen for use in the heavy-duty vehicle sector.
Supply chain companies in the renewable energy sector are being encouraged to register their details for advanced notice of potential contracts related to a major offshore wind project in Argyll.
Clarkson Offshore & Renewables has opened its first Edinburgh office to serve as a hub for Clarksons’ Renewables division in Scotland, catering to the specific needs of the renewables offshore construction industry.
Aberdeen-based energy services operator Wood Group has reported robust trading for H1 with revenues expected at £2.2 billion, a 15% increase compared to the same period the previous year.