Energy

02 May 23

Calls for ‘loophole’ to be closed as BP bags £500m of profits beyond expectations

BP announced that it made just under $5bn ($4.96bn; £4bn) in underlying replacement cost profit between January and March of this year, citing a strong performance in its oil trading business. The profit is actually a reduction from last year's gargantuan take, when BP's business benefitted from extremely high energy…
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24 Apr 23

UK and Netherlands to jointly benefit from multi-use undersea power line

The project, named LionLink, is expected to provide enough clean electricity to power 1.8 million homes – more than Birmingham and Manchester combined. The 1.8GW power line is the second-largest multi-purpose cross-border electricity line ever built, after the one that currently connects Germany and Denmark. However, LionLink will be able to…
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19 Apr 23

The road to decarbonisation begins with increasing grid flexibility

The fight against climate change has reached a critical deadlock. Armed with the information that modernising the grid is essential to significantly cutting carbon dioxide emissions, distribution system operators (DNOs) have the responsibility of bringing this vision to fruition. Electricity loads are anticipated to double by 2050 due to widespread…
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17 Apr 23

Winners of the IET Impact in Society Awards revealed

The winning teams at the IET Impact in Society Awards, which celebrate global teams providing innovative solutions to world challenges, have been revealed. The awards celebrate people and projects that provide solutions to societal challenges through science, technology, engineering and maths.   In the awards, the UK Atomic Energy Authority’s (UKAEA) RACE…
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