Hinkley Point C cost estimates balloon to £37bn July 8, 2016 Fresh estimates show that it could cost double what was previously thought to build the Hinkley Point C nuclear power plant in Somerset. An assessment published by the department for energy and climate change (DECC) yesterday shows that the figure has ballooned to £37bn from £14.5bn a year ago. It's due to new long-term forecasts for wholesale electricity prices, [...]
Sheffield Forgemasters to help develop UK’s fleet of baby nuclear reactors July 8, 2016 The UK is a step closer to building a fleet of small modular reactors (SMRs) after it enlisted Sheffield Forgemasters. Britain's last independent steelmaker will work with US-based NuScale Power to develop manufacturing techniques required for the SMRs, which would be so small that they could fit on the back of a lorry. Read more: Brexit creates fresh wave of [...]
Government lays out plan to avoid power supply crunch over winter July 8, 2016 The government has detailed how it will keep the lights over winter as Britain faces an increasingly tight power supply. The government said today that it will seek will seek 53.8 gigawatts (GW) of electricity in a capacity auction for 2017/18. The scheme was bought forward by a year due to a wave of coal-fired plant closures. Read [...]
Tata Steel holds first board meeting since Brexit vote July 8, 2016 Tata Steel will hold its first board meeting since Britain voted to leave the European Union, with board members widely expected to discuss the future of its loss-making UK business. Business secretary Sajid Javid flew to India for talks with the company last night. It comes amid a report that Tata could "pause" the sale of its main [...]
Brexit threat: Property financiers must keep calm and carry on lending July 8, 2016 Before and since the result of the UK’s referendum on European Union membership, uncertainty has pervaded – not least in property markets. Weak construction PMI data, a spate of flagship property funds halting redemptions and downgrades from City analysts has further shaken confidence. Forecasts for companies in the sector have been reduced on the basis [...]
EEF unveils manifesto to ensure steel industry’s survival post-Brexit vote July 8, 2016 UK Steel unveiled its manifesto today to ensure the embattled industry's long-term survival following the Brexit vote, ramping up pressure on the government to act. The trade body said the so-called Brexit blueprint should remind the government that it cannot allow the current political turmoil or negotiations with the EU to distract from previous pledges to [...]
Scientists want to create bacteria powered micro wind farms July 7, 2016 University of Oxford scientists are a step closer to creating microscopic wind farms which could power small machines such as smartphone microphones. In a study published by the journal Science Advances today, the wonks used computer simulations to show how the swarming effect of bacteria can turn multiple motors in order to generate power. Read more: Plant in the lake district [...]
Gold miner Centamin glistens with strong second quarter production growth July 7, 2016 Gold miner Centamin said today that second quarter gold production was significantly ahead of the last quarter and the previous year. The FTSE 250-listed firm reported quarterly gold production at its mine in Egypt jumped 12 per cent to 140,306 ounces in the three months ended 30 June. It rose 30 per cent from the same period a year ago, when output [...]
Government advisors warn of “uncertainties” around fracking in the UK July 7, 2016 The government's official climate change advisors flagged uncertainties surrounding fracking in the UK, but gave a cautious nod to exploratory drilling. The committee on climate chance (CCC) said that these uncertainties "can only be resolved via exploratory drilling" in a report released today. But even if this produces favourable results other hurdles, such as public opinion, [...]
This infographic tells you how to get an interview with Goldman Sachs July 7, 2016 This summer's internship season has already started — but Goldman Sachs has produced an infographic for the most eager interns who are already thinking about their next round of applications. The Wall Street stalwart recently changed the recruitment process for 2017 summer and full-time analyst applications. This time it will be using technology to look at wider pool of candidates. One [...]
