New: UK fund manager Terry Smith is moving his huge car collection, which includes a rare McLaren F1, to Mauritius after a law change exempts it from import duty. W/ Jonathan Browning Eamon Farhat bloomberg.com/news/articles/… via Bloomberg

The first move by newly created Great British Energy is prompting the industry to question the priorities and purpose of the state-backed company. bloomberg.com/news/articles/… with Will Mathis

🇬🇧⚡️EXCL: UK to increase support for new renewable power generation to record £1.5 billion, £1.1B for offshore wind alone U.K. 38% Will Mathis This is more than what @EmberClimate say is needed to put Labours ambitious goals in view Bloomberg UK bloomberg.com/news/articles/…

NEW: Electric Cable Companies Are Making a Killing From Green Energy Investors are thrilled, customers & antitrust regulators, not so much. Read why this is key to the transition & what it has to do with the tallest building in Norway Bloomberg NO PAYWALL bloomberg.com/news/features/…

You know what the world needs if we're going to drive EVs powered by wind- and solar-generated electricity? Lots and lots of cables. You know what's hard to buy? Those cables. Will Mathis and Eamon Farhat🇲🇺🇱🇧 bloomberg.com/news/features/…

UK energy regulator signs off on £3.4 billion electricity ‘superhighway’ bloomberg.com/news/articles/… via Eamon Farhat🇲🇺🇱🇧

The EU and US disagree! 🇪🇺🇺🇸

Have you ever wondered if hydrogen is actually all it’s cracked up to be? This short documentary debunks some of the myths around the clean fuel and asks important questions about how big its role will be in the energy transition. youtu.be/VH2JFRZPFJc?fe…

The first rumblings of a possible delay to the FID for the UK’s next large-scale nuclear power plant Sizewell C SCOOP Will Mathis Priscila Azevedo Rocha bloomberg.com/news/articles/…

💸💡NEW: UK Energy Bills Set to Rise This Winter on Higher Gas Prices Average bill to rise 9% to £1,714 from Oct. 1, according to Cornwall Insight Read full story from Bloomberg UK bloomberg.com/news/articles/…

🇬🇧⚡️Quarter of UK Residents Face Turning Off Heat in Winter: Survey ♨️About 16 million people may forego hot water: CitizensAdvice ⚡️Poll comes as regulator Ofgem set to announce price cap Friday Bloomberg UK bloomberg.com/news/articles/…

The UK is preparing to pull back its target of building 55 gigawatts of offshore wind capacity by the end of the decade, reports Will Mathis and Eamon Farhat🇲🇺🇱🇧 bloomberg.com/news/articles/…

NEW: Europe’s Data Centers Hub Sees Disappointing Clean-Power Auction Result fell short of the minimum projections by a government that’s trying to keep pace with the growth of energy-thirsty data centers Bloomberg Jennifer Duggan bloomberg.com/news/articles/…

NEW: UK Power Demand Rises Higher Than on Christmas Day UK power demand is climbing to the highest level in months as a cold snap across Europe sees temperatures in London dip below those of last Christmas. Read more Bloomberg UK bloomberg.com/news/articles/…

Climate change made Europe’s deadly floods worse and more likely bloomberg.com/news/articles/… via Olivia Rudgard Eamon Farhat

The UK will rely on imports of electricity from Europe to meet demand at peak times after it closed its last remaining coal plant last week bloomberg.com/news/articles/… via Eamon Farhat🇲🇺🇱🇧 Elena Mazneva

🪫UK Relies on EU to Boost Power Supply After Shutting Coal The UK will rely on imports of electricity from Europe to meet demand at peak times after it closed its last remaining coal plant last week Read more from Bloomberg UK bloomberg.com/news/articles/…

GAS TURBINE SALES ARE BOOMING 📈 Annual global orders on track for 60GW for 2024-2026, up 50% from previous years, says Mitsubishi Power 👉 Countries are turning to gas-fired power to replace coal, feed data centers Via Ishika Mookerjee Ong Sing Yee bloomberg.com/news/articles/…

COLUMN: The share of Russian natural gas in European imports has climbed to 20% year-to-date, up from 15% in 2023. Three years into the war, Europe can't kick its addiction to Russian gas, either via pipeline (throughout Ukraine) or LNG ships. @Opinion bloomberg.com/opinion/articl…