Energy News  
OIL AND GAS
UK energy giants pivot towards cleaner fuels
by AFP Staff Writers
London (AFP) March 18, 2021

Britain's energy sector pivoted further towards cleaner fuels on Thursday, as the nation targets net zero carbon emissions to help tackle climate change.

National Grid, which distributes energy to British homes and businesses, announced a multi-billion-pound overhaul to focus more on electricity.

And oil giant BP revealed plans to build the nation's largest clean hydrogen plant as it also seeks to curb carbon intensive activities.

National Grid has agreed to buy Britain's largest electricity distribution business -- Western Power Distribution -- from US energy giant PPL Corporation for 7.8 billion pounds ($10.9 billion, 9.1 billion euros).

In a separate transaction, National Grid will sell its Rhode Island utility business -- The Narragansett Electric Company -- to PPL for $3.8 billion (3.2 billion euros).

The group also plans to sell a majority stake in National Grid Gas.

"Together these transactions will strategically pivot National Grid's UK portfolio towards electricity," it said in a statement.

The proportion of the group's assets in electricity will increase to around 70 percent from 60 percent.

"Our vision for National Grid remains unchanged, to be at the heart of a clean, fair and affordable energy future," the company's chief executive John Pettigrew said in the statement.

"With increased exposure to the UK's electricity sector, these transactions enhance our role in the progress towards net zero, underpinning our core ambition which is to enable the energy transition for all."

Both BP and National Grid have previously pledged to achieve net zero carbon emissions by 2050, mirroring the UK government's target.

BP said in a separate statement that its hydrogen project in Teesidee, northeastern England, "would capture and send for storage up to two million tonnes of carbon dioxide per year".

That would be the equivalent to capturing the emissions from the heating of one million UK households, it said.

"Clean hydrogen is an essential complement to electrification on the path to net zero," said Dev Sanyal, BP's executive vice president of gas and low carbon energy.

BP added it is carrying out a feasibility study and will make an investment decision in 2024, with operations potentially starting in 2027.

Hydrogen is a clean fuel, emitting only steam, but whether it is green depends on the carbon footprint of the fuels used to produce it.

France and other European countries are also investing billions of euros in the development of green hydrogen, with the highly polluting transport industry a prime area for its intended use.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Environmental groups file complaint against Chevron's green claims
Washington (AFP) March 16, 2021
Three environmental groups including Greenpeace filed a complaint against Chevron with US regulators on Tuesday targeting what they said are misleading green policy claims. "The complaint claims that Chevron is consistently misrepresenting its image to appear climate-friendly and racial justice-oriented while its business operations overwhelmingly rely on climate-polluting fossil fuels, which disproportionately harm communities of color," the groups said. The action is the first to use the Feder ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Bentley Systems to Acquire Seequent

New Chinese satellite measures solar-induced chlorophyll fluorescence

Contract signed to build Arctic weather satellite

How much longer will the oxygen-rich atmosphere be sustained on Earth?

OIL AND GAS
China Satellite Navigation Conference to highlight spatiotemporal data

A better way to measure acceleration

Latest progress in China's BeiDou Navigation Satellite System

BAE Systems announces $247M contract for M-code GPS receivers

OIL AND GAS
Maps to improve forest biomass estimates

Million-tree mission hopes to fix reforestation flaws

One dead, several missing in Argentina forest fires

Desert country Jordan aims for green with 10-million tree campaign

OIL AND GAS
Genome scalpel invented for industrial microalgae to efficiently turn CO2 into biofuel

Double-duty catalyst generates hydrogen fuel while cleaning up wastewater

Aviation leaders launch sustainable-fuel emissions study on a commercial passenger jet

Huge potential for electronic textiles made with new cellulose thread

OIL AND GAS
New perovskite fabrication method for solar cells paves way to large-scale production

Seeing both sides of light collection

Study finds plants would grow well in solar cell greenhouses

Sunlight Financial secures 2B in solar financing through expanded partnership with Tech CU

OIL AND GAS
TechnipFMC enters partnership with Magnora to develop floating offshore wind projects

Field study shows icing can cost wind turbines up to 80% of power production

BP enters UK offshore wind sector

Denmark moves forward on North Sea 'energy island'

OIL AND GAS
UK orders inquiry into new coal mine

China economic blueprint signals more coal investment

EU probes Germany's coal phase-out aid

Spanish bank Santander to end coal sector support

OIL AND GAS
Trial set to begin of Canadian detained in China

China to put two Canadians on trial in coming days: Ottawa

China 'very concerned' for safety of citizens in Myanmar

Hong Kong patriotism includes party loyalty: Chinese official









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.