ScottishNews.com

Energy

SSE records 4% drop in operating profit

Published 4 months ago

Energy giant SSE has posted an adjusted operating profit of £2.4 billion, down 4% from the previous year, in its annual results for the 2023/24 fiscal year.

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Aventus Eco secures £100,000 investment to scale operations

Published 4 months ago

Scottish green energy solutions installer Aventus Eco has secured up to £100,000 in funding from Edinburgh-based tech entrepreneur Ed Broussard, founder of the artificial intelligence startup Tomoro.

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Fred Olsen Renewables submits plans for first Scottish hybrid scheme

Published 4 months ago

Fred Olsen Renewables has submitted proposals to the Scottish Government for permission to develop its first hybrid project in Scotland.

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£130m flexible energy battery storage park planned for West Lothian

Published 4 months ago

A planning application has been submitted to West Lothian Council for a £130 million flexible energy battery storage park.

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Wood Group stands firm against second Sidara takeover bid

Published 4 months ago

Wood Group, the Aberdeen-based oil and mining sector services company, has rebuffed a second takeover offer from its Dubai-based competitor Sidara.

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Global Energy Group to deliver floating tidal turbines for Orbital Marine Power

Published 4 months ago

Orbital Marine Power and Global Energy Group have signed a preferred supplier agreement which confirms the build and launch of the next generation of Orbital floating tidal turbines in Nigg.

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Scotland’s first consumer-owned wind farm spins into motion

Published 4 months ago

Funded by over 5,600 public members and businesses who raised £13.2 million in 2022, Kirk Hill Wind Farm in Ayrshire is set to commence operations this month.

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Scotland’s carbon capture sector could generate £300m in annual GDP

Published 4 months ago

More than 3,000 full-time equivalent (FTE) jobs could be supported and £300 million generated for the wider UK economy through the establishment of a CO2 transport and storage (T&S) sector in Scotland linked to the deployment of carbon capture utilisation and storage (CCUS).

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Aurora makes foray into Australian market with latest acquisition

Published 4 months ago

Scottish energy specialist Aurora Energy Services Ltd (Aurora) has extended its international capabilities with the acquisition of ARC Wind in Australia.

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£1.5m fund open to support community energy projects

Published 4 months ago

A fund to help community groups across Scotland set up renewable energy generation projects has opened for applications.

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Simon Howie Butchers implements £2m sustainability project with Scottish Enterprise backing

Published 4 months ago

Simon Howie Butchers Ltd has completed a £2 million sustainability project at its factory with £500,000 of grant support from Scottish Enterprise.

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Sumitomo Electric Van Oord consortium named preferred bidder for Shetland 2 HVDC link

Published 4 months ago

SSEN Transmission has selected Sumitomo Electric Industries and its subsea cable installation partner, Van Oord Offshore Wind UK, (the Sumitomo Electric Van Oord Consortium) as the preferred bidder for the proposed Shetland 2 High Voltage Direct Current (HVDC) link subsea cable.

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GreenPower’s Argyll hydrogen hub gets green light

Published 4 months ago

Scotland-based independent green energy company GreenPower has welcomed the approval of its planning application to establish a green hydrogen production and distribution centre on the west coast of Scotland at the Glenshellach Industrial Estate in Oban, Argyll and Bute.

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Wood Group turns down £1.4bn takeover bid from Sidara

Published 4 months ago

Aberdeen-based oil services company Wood Group has declined a £1.4 billion takeover offer from Dubai-based rival Sidara, citing the offer as “fundamentally undervalued”.

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Shell LiveWIRE rolls out nationwide to foster entrepreneurship in Scotland

Published 4 months ago

Shell has announced the expansion of its enterprise development initiative, Shell LiveWIRE, throughout Scotland to aid entrepreneurs in overcoming business obstacles.

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