Alex Cameron

I mean could there be a more timely example to support why we built Habeo. 1. We must reduce household carbon emissions by at least 50% in the next 5 years if we want to stay on track for net zero by 2050 2. Access to relevant and useful data is a problem for households and for those that can access it, making sense of it is a problem 3. If you were by some miracle able to get the data you need and make sense of it you will find it is out of date and often inaccurate 4. Then if you overcame all that and had the data which was up to date where do you go for help to start making improvements and how do you work out if it's worth it? Habeo addresses this by giving households access to the data they need and then by allowing them to measure and track in real-time but it's not just about reducing your carbon emissions. We know that is important to you but we also know that saving money and reducing your time spent on things is more important so we support your eco-choices by showing you how it will impact you financially and benefit your time whilst also supporting you with a marketplace, partners and access to finance! #habeo #sustainableliving #energyefficiency #datainsights #moneysaving

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🌍 🌳 Last week was eventful and prosperous for many climate tech companies in terms of funding. Recent climate tech funding updates have covered sectors including renewable energy technologies, carbon capture and storage and solar thermal technology. Here’s the Climate Insider’s weekly report on funding: 👉 Dynelectro announces the successful closing of an €11 million investment round. 👉 280 Earth, a carbon capture startup originating from Google parent Alphabet, has secured a $40 million deal. 👉 Naked Energy Ltd announces £17m of new equity in the first close of their Series B, led by E.ON Energy Infrastructure Solutions. 👉 Carbon Limit, a climate tech company revolutionizing the concrete industry with its proprietary CO2-capturing technology, was named a grant recipient of the South Florida ClimateReady Tech Hub’s recent $19.5 million funding from the U.S. Department of Commerce’s U.S. Economic Development Administration (EDA). 👉 Germany grants €4.6 billion to 23 green hydrogen projects following EU approval. 👉 LevelTen Energy closes a $65M Series D funding round to scale transaction infrastructure for the next phase of the clean energy transition. 👉 Syntetica, a startup focused on nylon recycling, has secured €4.2 million in Seed funding. ​​ 👉 SHEIN launches a €200 million Circularity Fund in the UK and the EU, alongside a commitment to invest €50 million in broader ESG efforts. 👉 The Canada Infrastructure Bank/ Banque de l'infrastructure du Canada (CIB) has completed a $100 million investment with GDI Integrated Facility Services Inc. (GDI) to finance extensive energy retrofits in aging buildings across Canada, aiming to substantially decrease their environmental footprint. 👉 Beijing plans to invest $800 billion over the next six years to upgrade its electricity grid, addressing rising demand and supporting the transition from coal to renewable energy. 👉 Climate tech startup 44.01 secures $37 million to expand its solution for turning CO2 into rock. #ClimateTech #Funding #CarbonManagement #DataAnalytics #ClimateRisk #ClimateTechFunding #ClimateTechInvestment #ClimateInvestment #ClimateAction #ClimateChange #StartupFunding

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🆕 The annual update to conversion factors for GHG emissions came out this week. 🔌 The major takeaway is that the emissions factor for UK electricity sees no major change this year with the figure remaining stable at 0.20 kg CO2e after increasing in 2023. On the face it, this is not a favourable update for companies looking for grid decarbonisation as a driver for scope 2 or use phase scope 3 emissions reductions. However, given the lag in the data, we would expect the recent downtrend in UK grid emissions to come through the emissions factors over the next two years.   🚗 Direct emissions from PHEVs have increased significantly due to an update in PHEV utility factors to align with real world data; essentially reducing the percentage of distance driven solely by electricity in PHEV. The increase outweighs a general decrease resulting from newer cars with lower emissions in the fleet.   ⚡For BEVs, there is a 10-20% decrease in emissions factors resulting from newer cars with lower emissions penetrating the fleet. ➡ https://lnkd.in/eX_J2hYA

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As of today Wednesday 9th October, the UK energy market remains volatile, with key developments shaping the landscape across gas, power, oil, and carbon markets. Gas prices have softened, with the UK NBP Day-Ahead (DA) price settling at 94.35 p/therm, reflecting a decrease from yesterday's levels. The market has reacted to forecasts of milder temperatures expected next week, easing some pressure on demand, particularly as LNG arrivals in Europe continue at a steady pace. Norway's gas exports remained stable at 311.2mcm/day, despite a five-day extension to maintenance at the Kristin gas field, now set to resume operations on October 14. Looking at UK gas demand, the system has opened 19mcm/day long this morning. Lower-than-average temperatures, around three degrees below seasonal norms, have led to a rise in UK LDZ demand. Gas-for-power demand is also up as wind speeds have dipped, reducing renewable generation over the next five days. However, wind levels are expected to rebound after this period. On the LNG front, send-out nominations remain stable at 12mcm/day, with three cargoes expected to arrive in the UK before October 27, alongside a number of deliveries scheduled for Northwest Europe. In the oil market, Brent crude prices edged higher to $77.18/bbl, bolstered by ongoing geopolitical tensions in the Middle East and lingering concerns over the Chinese economy. Despite this, the price reflects a sharp $3.75 drop from the previous day, suggesting uncertainty continues to cloud the market outlook. UK power prices have followed a similar downward trend. The Day-Ahead Baseload price has fallen to £81.19/MWh, down from £89.09/MWh the previous day. Cooler temperatures have driven up heating demand, but lower wind generation is expected to remain a factor in driving up gas-for-power demand in the coming days. Market sentiment indicates that the decline in power prices could be temporary as forecasts suggest wind generation will pick up next week, stabilising the mix of energy supply. Carbon prices, however, have eased, with the EUA Dec 24 trading at €60.29/tonne. The UK ETS also saw a slight uptick to £36.01/tonne, reflecting some of the broader market uncertainties linked to energy prices and upcoming weather forecasts. Storage levels across Europe remain high at 94.61%, keeping a lid on any further risk premium being priced into gas markets, despite the approaching winter season. UK individual gas storage sites are similarly well-stocked, providing some reassurance to market participants. The interplay of LNG arrivals, storage capacity, and weather-driven demand will continue to influence market prices across the board. With colder weather expected, gas demand is set to stay elevated, but a recovery in renewable output may ease the pressure. Keep an eye on developments in the geopolitical landscape and economic data from China, both of which will likely weigh on market sentiment and energy prices moving forward.

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“Speculative and duplicate applications” are creating “phantom” #renewableenergy projects that are holding back efforts to #decarbonise the #UK #grid: Cornwall Insight RenewableUK WindEurope Scottish Renewables International Renewable Energy Agency (IRENA) #windpower #solarpower #energystorage

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Galvanize Climate Solutions and Lightrock have joined as new investors in global renewables company Octopus Energy. Galvanize Climate Solutions and Lightrock’s investment in Octopus Energy follows on the renewed backing in May from Generation Investment Management and CPP Investments | Investissements RPC. “I’m thrilled to welcome Galvanize and Lightrock – backed by some of the world’s most successful investors with incredible track records,” said Greg Jackson, Founder of Octopus Energy Group. “Their climate-focused investment is a powerful catalyst for our global expansion and will allow us to keep up the momentum to further drive our growth across North America, Europe and into emerging markets. “We share a mission to accelerate the clean energy transition through smarter, more sustainable systems worldwide. With their support, we’ll increase our global impact, ramp up innovation and scale our vision for reshaping the energy landscape globally.” Octopus Energy confirmed that both investment deals have valued the company firmly at $9 billion (£7.2 billion), which is a 15% increase from its last major funding round in December 2023. “In order to decarbonise, increased system optimisation and flexibility services for the power sector are critical, particularly as the industry grapples with escalating load growth and distributed generation,” commented Veery Maxwell, Co-Head of Innovation + Expansion at Galvanize. “We believe Octopus’ capabilities are distinctly suited to support power market participants across the energy value chain and are looking forward to working with its leadership to accelerate growth across North America and beyond.” “It is remarkable that in less than a decade since founding, Octopus has become the UK’s largest provider of home electricity – a testament to its fair treatment of customers, pioneering technology, and transformation of the consumer energy experience,” noted Nigel McCleave, Partner at Lightrock. “However, this feels like just the beginning; Octopus has the potential to transform so much more of the energy value chain for the better. “The energy transition will require companies like Octopus to continue their trajectory of success, and we are excited to partner with a European leader that is not only succeeding, but which is already establishing itself as a truly meaningful company on the global stage.”  #cleanenergy

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Could low valuations for #CleanEnergyGroups be hampering #EnergyTransition??? Could #Subsidies and intermitent #LowElectricityPrices be having any influence on these low valuations???

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Interesting thinking about the electricity market and how market forces could support an evolution of the way we do business there. "For instance, similar to markets that trade different grades of crude oil (WTI and Brent), perhaps we can “grade” energy based on its characteristics, so that energy that includes inertia and VARs is valued higher than energy that doesn’t include these other characteristics. A MWh of energy from a synchronous generator has a higher operational reliability value than a MWh of IBR energy, so how can we signal this economically?"

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The Science Based Targets initiative (SBTi) is reviewing its net-zero standard! This is a critical development for businesses setting ambitious climate goals. A clearer framework, especially around Scope 3 emissions and carbon offsetting with high-quality carbon credits, will be a game-changer. We are particularly interested to see how the SBTi will evaluate Environmental Attribute Certificates (EACs) and their potential role in corporate net-zero targets. We think the focus on EACs might connect to the upcoming CCP (Carbon Removal Certificates) labels expected mid-year by The Integrity Council for the Voluntary Carbon Market (ICVCM). A robust standard for Scope 3 offsetting will empower businesses to confidently invest in highly credible carbon reduction projects and progress towards net-zero. https://lnkd.in/eqXAiJQW #SBTi #netzero #carbonoffsetting #climateaction #businessemissions #emissions

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Jobs boost for renewable energy supply chain, report from trade body finds. Scottish Renewables #ScottishRenewables #SupplyChainImpactStatement #RenewableEnergy #CleanPower #EnergyTransition #OffshoreWind #NetZero #GreenJobs #EconomicGrowth #SustainableFuture #Scotland

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Partner's News The Energy Hubs – Fill the Backbone report by Hydrogen Scotland member Net Zero Technology Centre highlights the emerging opportunity to export green hydrogen from Scotland into the expanding hydrogen market in Europe. Economic modelling indicates that a 10 GW scale Energy Hub in Scotland producing green hydrogen from floating offshore wind could produce hydrogen for £3.90/kg. To capitalise on this opportunity, Scotland will need to develop strategic Energy Hubs in time to meet this growing demand. https://lnkd.in/gPJgp5SC

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In response to Nesta and Baringa’s report published today - The role of the state in the GB energy market - Yselkla Farmer, CEO of BEAMA commented “Accelerating decarbonisation of the UK is one of the biggest economic opportunities of our generation and this report could not have been clearer in stating that we need to pick up the pace. The UK energy system needs unprecedented levels of investment and supply chain growth to meet targets for Net Zero and clean power, so the £35 billion savings for energy consumers by 2050 is welcomed to ensure we deliver in a way that manages the cost of energy for homes and businesses. Managing this efficiently will be a vital role for GB Energy. “BEAMA’s research with the Energy Systems Catapult has shown that investment pre-2035 in our power grid will ensure a least cost approach to 2050. What we need is market stability, certainty and speed, coupled with an ongoing commitment to deliver flexibility market frameworks which will help drive inward investment into the supply chain and transform our energy market into a zero carbon, more affordable opportunity. The UK electrical supply chain alone is a £14 trillion global sector poised to deliver high-skilled, high-paying jobs and sustained economic growth. We look forward to supporting the government's reforms to the UK energy system through GB Energy and bodies such as the industrial strategy council and transmission accelerator.”   https://lnkd.in/gsJRUT5V

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#Follow Kathari.News for the latest #energytransition developments. Here's what we have going on today. 👋 𝐖𝐞𝐥𝐜𝐨𝐦𝐞 𝐭𝐨 𝐒𝐜𝐨𝐭𝐥𝐚𝐧𝐝: The Scottish government will collaborate with GB Energy, the new state-owned energy company that is set to establish its headquarters in Aberdeen. First Minister John Swinney emphasized Scotland's strong renewable energy potential and the government's commitment to partnering on future projects. "Investment is welcome," Swinney added, highlighting ongoing discussions to maximize benefits. ➡ Read more: https://lnkd.in/gM9hgmJm 🚘 𝐕𝐨𝐥𝐤𝐬𝐰𝐚𝐠𝐞𝐧 𝐖𝐨𝐞𝐬: Volkswagen is grappling with cost issues at underutilized German factories, spurring debates over the company’s strategy. Complex governance, high wages, and falling EV sales in key markets like Germany and China are central challenges for the world's second-largest automaker. As competition intensifies, particularly from China, VW faces tough decisions on capacity and costs. ➡ Read more: https://lnkd.in/gYiXwmHN 🗳 𝐁𝐫𝐢𝐭𝐢𝐬𝐡 𝐂𝐨𝐥𝐮𝐦𝐛𝐢𝐚 𝐞𝐥𝐞𝐜𝐭𝐢𝐨𝐧: B.C. NDP and Conservative leaders outlined plans to support the mining industry, focusing on streamlining permits and improving infrastructure. NDP Leader David Eby promised key highway upgrades, while Conservative Leader John Rustad proposed a "One Project, One Permit" approach. Meanwhile, B.C. Greens Leader Sonia Furstenau is set to share her plans for the carbon price. Eby has promised to end the province's consumer carbon price if the federal government no longer requires one. Rustad has pledged to remove it. ➡Read more: https://lnkd.in/g_3ien_X #GBEnergy #Aberdeen #Volkswagen #EVs #bcpoli #bcelxn

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Could community energy reshape the future of the UK’s power landscape? As the Great British Energy Bill approaches the Report Stage in the House of Commons on October 29th, there’s a critical question on the table: should community energy be a core objective? Advocates say embedding community energy in the Bill would strengthen UK energy resilience, reduce reliance on the national grid, and promote local, cost-effective projects. A shift toward localized energy could support housing developments, create sustainable jobs, and potentially lower household costs. #GreatBritishEnergy #CommunityEnergy #EnergyResilience #UKParliament #SustainableEnergy https://lnkd.in/egUCi2FV

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Watch our Weekly #EnergyMarket Review! 📈 This week we highlight the key drivers affecting UK gas and power markets last week. We review global gas prices, global power prices and provide analysis of the UK's power price curve. Read our analysis below for more information! 👇 You can subscribe to our free Daily Market Reports here: 🔗 https://lnkd.in/ejmbhwns Or contact our trading desk via: 📧 [email protected] #EnergyMarkets | #EnergyTransition | #BusinessEnergy | #EnergyPrices | #EnergyIndustry | #LNG | #FossilFuels | #EV | #ClimateAction| #NetZeroTransition | Latif Faiyaz | Julian Hernandez | Alison Bierlaire | Edward Bilton | Ian Muir | lukas walsh | Kaspar Strugar | Amelia Santerre | Lee Oakley

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With the deadline for applications for the Industrial Energy Transformation Fund (IETF) Phase 3 fast approaching📅, here’s our latest blog covering some useful information and key dates: ➡️https://ow.ly/OzqC50RhQ5u #IETF #IndustrialEnergyTransformationFund #ConsultivUtilities

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