The British Industrial Competitiveness Scheme (BICS) will be widened by 40 per cent, bringing an additional 3,000 firms under its umbrella. The scheme will exempt qualifying businesses from the indirect costs of three legacy green levies: the Renewables Obligation, Feed-in Tariffs and the Capacity Market.
"We were considering multiple forms of capital when we started. It just felt like the opportunity is so large that venture capital gives us the opportunity to take those risks upfront and have the possibility to generate an outsized return."
Octopus Energy reported that its heat pump orders more than doubled in March compared to February, while sales of solar power systems increased by almost 80%. This trend reflects a growing consumer shift towards renewable energy solutions.
Metafuels' aerobrew technology converts renewable methanol into drop-in jet fuel, delivering up to 90% lower lifecycle emissions than conventional kerosene, with no modifications needed for existing aircraft.
"The American people are paying for Donald Trump's illegal war in Iran every time they pull up to the gas pump and every time they try to heat their homes. Because of Trump's reckless war, home heating oil prices have surged 30% in a single week."
Checking your equipment once a month helps catch small issues before they turn into expensive repairs. A routine keeps everything running smoothly and extends the life of the hardware. Managers should create a simple checklist for their maintenance staff to follow.
A pair of former Dyson engineers have raised millions of pounds to bring a battery-powered electric boiler to market, positioning it as a lower-cost, lower-disruption alternative to heat pumps for millions of UK homes. Wiltshire-based Luthmore was founded in 2022 by Craig Wilkinson and Martin Gutkowski, both ex-Dyson engineers who previously worked together on projects including the vacuum maker's abandoned electric car programme.
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
The updated Building Emissions Saving Ordinance (BESO) requires sellers of single family homes or duplexes to complete at least six credits worth of upgrades before final sale or pay $2,500 to the city, which is then funneled to the buyer upon completion of the upgrades. For many sellers, installing a heat pump is the easiest and most efficient way to earn all six credits in one fell swoop, while also significantly increasing the appeal of the property, notes Grimsich, CEO of 1-888-Heat-Pumps.
Common Wealth cited the example of the Warmer Homes consortium, led by Portsmouth city council, which was allocated 22m among 31 authorities over three years. This breaks down to about 450-650 homes per year, or 15-20 homes per local authority per year.
What's so incredible for us is that we succeeded at scale. We secured orders in multiple European cities, and the pumps started being installed, including in London,
And what we're seeing here today is a project that gives us a glimpse of a kind of new economy that we want to build, a fairer economy where people can have ownership over their own community energy assets like this here. Now, here we've got solar panels and in other places that might be batteries and other projects are looking at different technologies. But this is all about giving people, not just in London, but across the country, real ownership over these energy assets.
An all-electric, energy-efficient alternative to gas-burning furnaces, heat pumps are widely seen as the climate-friendly home heater of choice. They can do double-duty as both home heaters and AC units and are pretty good at maintaining a constant temperature inside a home without the blast-then-cool-off cycle typical of a furnace.
"Families cannot support big winter energy bills right now, so we called for more relief," Energy and Environmental Affairs Secretary Rebecca Tepper said in a statement. "With energy costs rising nationwide, we're going to keep calling for strong action in Massachusetts." "That's why we're going to keep working every day to bring more energy into our state, oppose rate hikes and get charges off bills."
