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Environment UK

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Fri08182017

Last update09:04:58 AM GMT

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Anesco on track to hit £100m revenue early

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altAnesco, the UK’s leading energy efficiency solutions company, is on track to hit revenue of £100million, after reporting a 400% growth in orders. The forecast comes on the back of impressive results for the last financial year, with the Reading-based company beating ambitious targets to achieve turnover of £55.1million and a profit of £3.4million before tax.

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Industrial sector overspending on energy

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altNew analysis from the Energy Efficiency Financing (EEF) scheme has revealed that the industrial sector is overspending on energy to the tune of over £2.2 billion per year.

The analysis, based on official sources and proprietary EEF data, examined a number of sectors to calculate the amount that these industries were overpaying on their energy bills because of inefficient technology, equipment and controls.

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Ethiopia looks to realise its geothermal energy potential

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altEthiopia, like its fellow Great Rift Valley countries, has enormous geothermal energy potential. However, the costs involved and the need for skilled expertise have, until now, been major obstacles.

In late January, the Development Bank of Ethiopia announced that, over the next five months, it will offer an initial $20m to kickstart geothermal energy projects in the country's private sector as part of a programme funded by the World Bank. A further $20m is expected to be made available at a later stage.

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Shale oil surge poses threat to renewable energy, PwC warns

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altA worldwide expansion of relatively cheap shale oil could put investment in renewable energy and global emissions targets under threat, as well as posing other environmental risks.

The shale oil industry is still in its infancy, but has the potential to reach up to 12 per cent of global production, potentially pushing down oil prices by as much as $50 per barrel by 2035, according to a new report by consultancy firm PwC.

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Social housing providers reap the benefit of Solar PV

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altLocal authorities, housing associations and other social housing providers are reaping the benefit of free solar photovoltaic panels from Nationwide Solar (NWS), one of the UK’s leading suppliers of solar PV to the social housing sector.

RCT Homes, which manages almost 11,000 council homes on behalf of Rhondda Cynon Taf Council in South Wales, has recently reached an agreement with NWS to fit free solar panels to the roofs of up to a thousand rented properties. The agreement means a large number of RCT Homes’ tenants will escape fuel poverty, as well as being able to reduce the carbon footprint of their homes.

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