Sustainable Times

03/09/2024

Study: Energy Firms Rake in £457bn Since the Onset of Energy Crisis

The End Fuel Poverty Coalition has sounded the alarm, urging immediate action to break the "vicious cycle of bill shocks" plaguing households. In a striking revelation, the Coalition's latest Energy Profits Tracker shows that just 20 leading energy companies have collectively amassed a staggering £457 billion in profits since Russia's invasion of Ukraine triggered an energy crisis, sending household bills through the roof.

https://www.sustainabletimes.co.uk/post/study-energy-firms-rake-in-457bn-since-the-onset-of-energy-crisis

The End Fuel Poverty Coalition has sounded the alarm, urging immediate action to break the "vicious cycle of bill shocks" plaguing households. In a striking revelation, the Coalition's latest Energy Profits Tracker shows that just 20 leading energy companies have collectively amassed a staggering £...

03/09/2024

£57 Million Awarded to Green Heat Network Projects in Leeds, London, and Barnsley

Five newly funded green heat network projects across London, Leeds, and Barnsley are set to deliver low-carbon heat to approximately 17,000 new homes, commercial spaces, and public buildings, with an anticipated reduction of over 385,000 tonnes of CO2 emissions. Today, these projects were announced as the latest beneficiaries of £57 million in government support through the Green Heat Network Fund (GHNF).

https://www.sustainabletimes.co.uk/post/57-million-awarded-to-green-heat-network-projects-in-leeds-london-and-barnsley?utm_source=facebook&utm_medium=social&utm_content=ap_qvznlhac3i

Five newly funded green heat network projects across London, Leeds, and Barnsley are set to deliver low-carbon heat to approximately 17,000 new homes, commercial spaces, and public buildings, with an anticipated reduction of over 385,000 tonnes of CO2 emissions. Today, these projects were announced....

02/09/2024

Oil and Gas Titans Pledge £600,000 to Power Aberdeen's New Centre for Energy Transition

Some of the world's largest oil and gas companies, including BP, Chevron, ExxonMobil, Equinor, Shell, and TotalEnergies, have collectively pledged £600,000 to a research initiative at the University of Aberdeen. This ambitious project aims to fast-track the decarbonisation of the oil and gas sector while also paving the way for a broader transition to clean energy solutions.

https://www.sustainabletimes.co.uk/post/oil-and-gas-titans-pledge-600-000-to-power-aberdeen-s-new-centre-for-energy-transition?utm_source=facebook&utm_medium=social&utm_content=ap_wlaipzhjtv

Some of the world's largest oil and gas companies, including BP, Chevron, ExxonMobil, Equinor, Shell, and TotalEnergies, have collectively pledged £600,000 to a research initiative at the University of Aberdeen. This ambitious project aims to fast-track the decarbonisation of the oil and gas sector...

29/08/2024

UN Report: Clean Freshwater Supplies Plummet in Nearly Half of Global Nations

In a comprehensive new report, the UN Environment Programme (UNEP) delivers its most detailed analysis yet of global freshwater ecosystems—rivers, lakes, and aquifers—issuing a grave warning that the world is alarmingly off course in meeting the 2030 targets for clean water and sanitation.

https://www.sustainabletimes.co.uk/post/un-report-clean-freshwater-supplies-plummet-in-nearly-half-of-global-nations?utm_source=facebook&utm_medium=social&utm_content=ap_xycuytmyp3

The UN has starkly warned that lakes, rivers, and aquifers are deteriorating in nearly half of the world's nations, threatening the health and livelihoods of billions.The decline in clean freshwater availability is a growing concern in almost half of the globe, endangering ecosystems, economies, and...

29/08/2024

Root Global Secures €8M Funding to Empower Food Industry in Tackling Greenhouse Gas Emissions Reduction

Berlin-based startup Root Global has successfully secured €8 million in Seed funding to accelerate the transition of food and beverage manufacturers toward achieving Net Zero. Since its inception in 2023, Root Global's innovative platform has been instrumental in aiding food industry players in monitoring and managing their climate impact, significantly reducing greenhouse gas emissions.

https://www.sustainabletimes.co.uk/post/root-global-secures-8m-funding-to-empower-food-industry-in-tackling-greenhouse-gas-emissions-reduct?utm_source=facebook&utm_medium=social&utm_content=ap_ihyjeenyoi

Berlin-based startup Root Global has successfully secured €8 million in Seed funding to accelerate the transition of food and beverage manufacturers toward achieving Net Zero.Since its inception in 2023, Root Global's innovative platform has been instrumental in aiding food industry players in mon...

28/08/2024

Calls Intensify for Government to Overhaul and Renew Green Home Policies

Fuel poverty in England remains a persistent issue, with little to no reduction in the number of affected households over the past five years, according to a sobering new report from the Committee on Fuel Poverty. Despite various policy initiatives, the situation has not improved "to any meaningful extent," highlighting an urgent need for a comprehensive "reset, a refresh, and a renewed focus" on energy efficiency nationwide.

https://www.sustainabletimes.co.uk/post/calls-intensify-for-government-to-overhaul-and-renew-green-home-policies?utm_source=facebook&utm_medium=social&utm_content=ap_o9p8eybvjs

Fuel poverty in England remains a persistent issue, with little to no reduction in the number of affected households over the past five years, according to a sobering new report from the Committee on Fuel Poverty. Despite various policy initiatives, the situation has not improved "to any meaningful....

28/08/2024

New £38m Research Hub Set to Ignite the Future of Alternative Proteins

The UK is on the brink of a food revolution, with cutting-edge alternatives to traditional meat products potentially hitting supermarket shelves soon. A robust £40 million funding package, which has garnered support from over 100 key stakeholders—including leading UK research bodies—sets the stage for developments in the alternative protein sector.

https://www.sustainabletimes.co.uk/post/new-38m-research-hub-set-to-ignite-the-future-of-alternative-proteins?utm_source=facebook&utm_medium=social&utm_content=ap_8dhzawidb2

#£38mResearchHub

The UK is on the brink of a food revolution, with cutting-edge alternatives to traditional meat products potentially hitting supermarket shelves soon. A robust £40 million funding package, which has garnered support from over 100 key stakeholders—including leading UK research bodies—sets the st...

27/08/2024

£7 Million-Funded Medical Drone Delivery Trial Marked as a 'Technological Revolution'

At Aberdeen International Airport's 90th anniversary celebration, Minister for Aviation and Maritime Mike Kane lauded a groundbreaking initiative that marks the dawn of a new era in aviation. This "technological revolution" involves the use of drones to deliver medical supplies, a project that recently saw laboratory samples flown from Edinburgh to Melrose in the Scottish Borders with remarkable efficiency.

https://www.sustainabletimes.co.uk/post/7-million-funded-medical-drone-delivery-trial-marked-as-a-technological-revolution?utm_source=facebook&utm_medium=social&utm_content=ap_hutjtcb5mw

Image Credit: AGS AirportsAt Aberdeen International Airport's 90th anniversary celebration, Minister for Aviation and Maritime Mike Kane lauded a groundbreaking initiative that marks the dawn of a new era in aviation. This "technological revolution" involves the use of drones to deliver medical supp...

27/08/2024

GFI and Ashden Launch £10 Million Initiative to Finance Efficiency Upgrades for Schools

In a groundbreaking initiative aimed at slashing energy costs and fostering investment in energy efficiency, the Green Finance Institute (GFI) has unveiled a strategic partnership with climate solutions charity Ashden. This year-long collaboration is set to propel retrofit and energy efficiency upgrades across UK schools while striving to meet the ambitious goal of net zero emissions by 2030.

https://www.sustainabletimes.co.uk/post/gfi-and-ashden-launch-10-million-initiative-to-finance-efficiency-upgrades-for-schools?utm_source=facebook&utm_medium=social&utm_content=ap_6h7xmispst

Image Credit: AshdenIn a groundbreaking initiative aimed at slashing energy costs and fostering investment in energy efficiency, the Green Finance Institute (GFI) has unveiled a strategic partnership with climate solutions charity Ashden. This year-long collaboration is set to propel retrofit and en...

24/08/2024

Intramotev Secures $14 Million in Funding to Propel Autonomous Rail Technology

Intramotev, a forward-thinking firm based in St. Louis, MO, is revolutionizing freight transport with its innovative autonomous, battery-electric railcars. This groundbreaking technology eliminates the need for traditional locomotives, offering a fresh, sustainable approach to rail freight. Recently, Intramotev secured a substantial $14 million in Series A funding, a testament to its potential impact and investors' growing confidence.

Flybridge Capital Partners and Alpaca VC spearheaded the funding round, which also included significant contributions from Advantage Capital, Cathcart Rail, Aera VC, Band Venture Partners, Cantos, Collide Capital, Decisive Point, and Idealab. This diverse group of backers underscores the broad interest in the company's vision.

https://www.sustainabletimes.co.uk/post/intramotev-secures-14-million-in-funding-to-propel-autonomous-rail-technology?utm_source=facebook&utm_medium=social&utm_content=ap_zs50iuw62a

Intramotev, a forward-thinking firm based in St. Louis, MO, is revolutionizing freight transport with its innovative autonomous, battery-electric railcars. This groundbreaking technology eliminates the need for traditional locomotives, offering a fresh, sustainable approach to rail freight. Recently...

23/08/2024

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23/08/2024

£1.27 Million National Lottery Grant Fuels Expansion of Community Repair Hubs

In a significant boost for climate action, climate charity Possible and social enterprise The Restart Project has secured £1.27 million in National Lottery funding to launch four innovative community repair hubs across London. These 'Fixing Factories' will offer residents the chance to have their broken appliances repaired at no cost and acquire valuable repair skills.

https://www.sustainabletimes.co.uk/post/1-27-million-national-lottery-grant-fuels-expansion-of-community-repair-hubs?utm_source=facebook&utm_medium=social&utm_content=ap_atmi7rdfh3

Image Credit: PossibleIn a significant boost for climate action, climate charity Possible and social enterprise The Restart Project has secured £1.27 million in National Lottery funding to launch four innovative community repair hubs across London. These 'Fixing Factories' will offer residents the ...

22/08/2024

£60 Million Green Revamp Unveils Pembroke Port as Hub for Zero Carbon Marine Engineering

A government-backed initiative is set to transform the historic Pembroke Dock into a premier global hub for wind, wave, and tidal power, with a projected creation of 1,800 new jobs. Located on the Milford Haven waterway in Pembrokeshire, this dockyard has undergone a remarkable £60 million renovation, officially unveiled earlier this week by top government officials.

https://www.sustainabletimes.co.uk/post/60-million-green-revamp-unveils-pembroke-port-as-hub-for-zero-carbon-marine-engineering?utm_source=facebook&utm_medium=social&utm_content=ap_dzdydm9eyn

A government-backed initiative is set to transform the historic Pembroke Dock into a premier global hub for wind, wave, and tidal power, with a projected creation of 1,800 new jobs. Located on the Milford Haven waterway in Pembrokeshire, this dockyard has undergone a remarkable £60 million renovati...

22/08/2024

SP Energy Networks Commits £20m to Major Grid Enhancements Across South Lanarkshire

SP Energy Networks has revealed a substantial investment of nearly £20 million to modernise South Lanarkshire's electricity infrastructure. This move underscores the company's commitment to boosting renewable energy integration in the wind-rich area.

https://www.sustainabletimes.co.uk/post/sp-energy-networks-commits-20m-to-major-grid-enhancements-across-south-lanarkshire?utm_source=facebook&utm_medium=social&utm_content=ap_hnuu1s7ria

Image Credit: SP Energy NetworksSP Energy Networks has revealed a substantial investment of nearly £20 million to modernise South Lanarkshire's electricity infrastructure. This move underscores the company's commitment to boosting renewable energy integration in the wind-rich area.In a recent annou...

21/08/2024

London City Airport Passenger Cap Increased by 2.5 Million Amidst Growing Climate Concerns

The government has approved a significant increase in the passenger cap at London City Airport, allowing an additional 2.5 million travellers annually. This decision, which raises the cap from 6.5 million to nine million passengers per year and permits three extra flights in the first half hour of weekday operations, has sparked controversy among environmental advocates.

https://www.sustainabletimes.co.uk/post/london-city-airport-passenger-cap-increased-by-2-5-million-amidst-growing-climate-concerns?utm_source=facebook&utm_medium=social&utm_content=ap_uurwphgco5

The government has approved a significant increase in the passenger cap at London City Airport, allowing an additional 2.5 million travellers annually. This decision, which raises the cap from 6.5 million to nine million passengers per year and permits three extra flights in the first half hour of w...

21/08/2024

Comitis Capital Acquires The Tofoo Co., Ushering in an 'Era of Rapid Expansion'

The Tofoo Co., a prominent name in the UK's plant-based food sector, has been acquired by the German private equity firm Comitis Capital. This strategic move marks the beginning of what the Yorkshire-based company envisions as "an era of rapid expansion."

https://www.sustainabletimes.co.uk/post/comitis-capital-acquires-the-tofoo-co-ushering-in-an-era-of-rapid-expansion

The Tofoo Co., a prominent name in the UK's plant-based food sector, has been acquired by the German private equity firm Comitis Capital. This strategic move marks the beginning of what the Yorkshire-based company envisions as "an era of rapid expansion."Since its inception in 2016, The Tofoo Co. ha...

20/08/2024

Aramco Ventures Takes Lead in £8 Million Funding Round for Promethean Particles

Promethean Particles has unveiled the successful completion of an £8 million financing round. This funding round, spearheaded by Mercia Ventures and Aramco Ventures, also saw contributions from a range of existing investors, including the Midlands Engine Investment Fund I (managed by Foresight), the University of Nottingham, TSP Ventures, and the East Midlands Early Growth Fund (managed by the British Business Bank).

https://www.sustainabletimes.co.uk/post/aramco-ventures-takes-lead-in-8-million-funding-round-for-promethean-particles?utm_source=facebook&utm_medium=social&utm_content=ap_8c0lnzhvvd

#£8Million

Image credit: Promethean ParticlesPromethean Particles has unveiled the successful completion of an £8 million financing round. This funding round, spearheaded by Mercia Ventures and Aramco Ventures, also saw contributions from a range of existing investors, including the Midlands Engine Investment...

20/08/2024

Swedish Grid Innovator Flower Secures €25M Funding to Drive Clean Energy Solutions for Society

Flower, the Stockholm-based innovator in energy grid solutions, has successfully wrapped up a substantial Series A funding round, raising €25 million (290M SEK). Northzone spearheaded the investment, with notable backing from 82an Invest and Zebkei Invest. This funding round also sees Pär-Jörgen Pärson of Northzone joining Flower’s board of directors, signalling a new phase of strategic growth for the company.

https://www.sustainabletimes.co.uk/post/swedish-grid-innovator-flower-secures-25m-funding-to-drive-clean-energy-solutions-for-society?utm_source=facebook&utm_medium=social&utm_content=ap_qjccqm621b

Flower, the Stockholm-based innovator in energy grid solutions, has successfully wrapped up a substantial Series A funding round, raising €25 million (290M SEK). Northzone spearheaded the investment, with notable backing from 82an Invest and Zebkei Invest. This funding round also sees Pär-Jörgen...

19/08/2024

Mitchells & Butlers Unveils Solar Panel Rollout Across 100 UK Pubs, Bars, and Restaurants

Mitchells & Butlers, the hospitality titan behind beloved chains like Toby Carvery and All Bar One, is embarking on an ambitious solar initiative. The company has begun rolling out solar panels across its UK network of restaurants, pubs, and bars as part of its broader strategy to trim energy costs and advance its climate goals.

https://www.sustainabletimes.co.uk/post/mitchells-butlers-unveils-solar-panel-rollout-across-100-uk-pubs-bars-and-restaurants?utm_source=facebook&utm_medium=social&utm_content=ap_op9jgfd1jw

&Butlers

Image Credit: Mitchells & ButlersMitchells & Butlers, the hospitality titan behind beloved chains like Toby Carvery and All Bar One, is embarking on an ambitious solar initiative. The company has begun rolling out solar panels across its UK network of restaurants, pubs, and bars as part of its broad...