China has confirmed that it has detained two Canadian men in what appears to be retaliation for the arrest of Huawei’s chief financial officer.

The US Senate has passed a resolution stating Crown Prince Mohammed bin Salman is responsible for the killing of journalist Jamal Khashoggi.

Theresa May’s hopes of getting EU leaders to help her push her Brexit deal through parliament have been dealt a severe blow as she prepares to return home and face her party.

The UK’s big four auditors will next week face an unprecedented move to limit their market share and allow smaller rivals to gatecrash their self-confessed oligopoly as regulators shake up a sector rattled by a string of corporate collapses.

Mike Ashley has been rebuffed by Debenhams after he offered a £40m loan to bail out the struggling department store amid speculation it had “zero chance of survival”.

 

Brexit uncertainty has pushed a key measure of the housing market to a six-year low, according to surveyors.

Shares in Superdry have plunged by more than a third after it issued its second profit warning in less than two months – blaming mild weather for a potential £22m hit to its bottom line.

ENERGY TOP STORIES

Centrica analysis states that lean energy technologies could save UK industry $700 million

It argued that energy-intensive industry and manufacturing could secure major cost and carbon savings through wider use of solar and battery technologies

The report came from by British Gas owner Centrica.

It analysed a range of major manufacturing and production activities—including steel mining, chemicals, car manufacturing, machinery, and food and drink production– which together account for around one-fourth of the UK’s entire electricity demand.

The UK’s clean growth strategy sets out an ambition for the UK industry to improve its energy productivity by 20% by 2030. The research findings do suggest that significant cost and carbon savings could be achieved by adopting distributed energy technologies such as new heating and lighting, solar and Combined Heat and Power (CHP) and battery storage systems.

The report also highlighted how new energy monitoring technologies could help identify inefficient machinery and processes – and further boost industrial carbon and cost savings. Overall, it estimated that even if only half of businesses in the UK’s industrial sectors installed energy technology improvements, it could boost productivity to the point of gross value addition of $19.1bn.

Jorge Pikunic, managing director at Centrica Business Solutions, said taking advantage of the latest clean energy technologies could “inspire a new revolution” in the industrial sector– and help secure a business advantage for the UK outside the European Union.

“In 2017, the industrial sector used 92mn megawatt hours of energy,” he stated.

“As well as being a staggering statistic, I believe this is also a clear signal of the opportunity for industrial organisations to play their part in the changing energy landscape, while also unlocking the potential of energy to ensure the UK’s position in the global marketplace.” He added.

The report follows the official opening on Friday of Centrica’s new CHP factory in Salford, Manchester, which created 20 new jobs. The plant will operate alongside the utility giant’s existing facility, which has produced 3,000 units for use in the UK and globally since 1984, stated the company.

Leave a Comment