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Energy

Setback after merger

Ovo Energy accused of betrayal after axeing 2,600 jobs

electricity
Switched off: employees feel they have been let down Ovo Energy, a challenger to the big six, is to cut 2,600 jobs this year – a third of its workforceRead More

Electricity deal

Flexitricity secures battery deal with Gresham House

Flexitricity control room
The Flexitricity control room Flexible energy specialist Flexitricity will provide market access for what is thought to be Europe’s largest storage battery. The Edinburgh company has partnered with Gresham HouseRead More

Mine shaft project

Gravitricity smashes crowdfund target for energy plan

Gravitricity demonstrator
An above-ground demonstrator is planned for Leith Gravitricity, which has developed a system for using old mine shafts to store and generate electricity, has exceeded a fundraising target within daysRead More

Help for plant

Billionaire Ratcliffe wants taxpayer loan for Ineos plant

Grangemouth
The petrochemicals plant dominates Grangemouth (pic: Terry Murden) Sir Jim Ratcliffe, one of Britain’s richest men, is asking the government for an emergency loan following a slump in demand forRead More

Battery storage demo

Mine shaft energy system to be showcased in Leith

Gravitricity demonstrator
An Edinburgh company which hopes to use old mine shafts to store and generate electricity will demonstrate the system on an industrial site in Leith. Gravitricity is renting land fromRead More

Tuesday update

DB Live: BP and Weir hit by oil price slump; markets

BP
6pm: British Airways jobs warning British Airways is expected to axe up to 12,000 jobs as it struggles to cope with a collapse in bookings caused by the coronavirus pandemic.Read More

Warning for North Sea

Oil price slump could cost industry 30,000 jobs

ConocoPhillips rig
Oil workers fear for drilling jobs As many as 30,000 jobs could be lost in the oil and gas industry if the price of oil continues to trade at littleRead More

Monday Update

DB Live: SPFL meeting; Wall Street up; Springfield; oil jobs

Innes Smith
7.15pm: SPFL statement The SPFL board has called an EGM for Tuesday 12 May after meeting this evening to consider requisitions by Heart of Midlothian, Rangers and Stranraer calling forRead More

South Kyle project

Vattenfall to build its biggest onshore wind farm

Vattenfall wind farm
Wind farm to boost economy Vattenfall is to go ahead with an onshore wind farm in south west Scotland, its largest in the United Kingdom.  It is located 5km toRead More

Thursday update

DB Live: Covid to hit Edinburgh economy; markets

10pm: Call for speeded up support The CBI wants ministers beef up help for businesses in a “race against time” to save jobs and livelihoods. Dame Carolyn Fairbairn, the CBI’sRead More