- The Irish Times outlines Irish company EVHACS establishment of an innovative component that caters for both heating and charging of electric vehicles simultaneously. The company has raised €2.7 million for its technologies, that aim to combat sustainability and the increased use of EV’s. The article details a full report of the background and future goals of EVHACS and their innovations. https://www.irishtimes.com/business/2024/07/25/irish-company-combines-ev-charger-and-heat-pump-into-one-unit-to-power-our-homes-and-cars/
- According to the Irish Examiner, Bord Gáis Energy reported a profit of €51m in the first six months of 2024, recovering from a loss of €30m in the same period last year. The energy supplier said its retail margins remained below pre-energy crisis levels, however, continued easing in commodity costs allowed the firm to begin returning supply margins towards more sustainable levels. https://www.irishexaminer.com/business/companies/arid-41443387.html
- Reported by The Irish Times, “persistent deficits” in energy and water now represent a serious “reputational risk for Ireland”, the National Competitiveness and Productivity Council (NCPC) has warned. In its annual competitiveness challenge report, the agency said the current strain on infrastructure meant demand from enterprise would soon outstrip supply. https://www.irishtimes.com/business/2024/07/24/creaking-energy-and-water-systems-represent-reputational-risk-for-ireland-council-warns/
- According to Sky News, business correspondent Paul Kelso has stated that the new UK Government should cut taxes on electric vehicles to revive flagging sales and help the industry hit its climate goals, with the recent report from motoring trade body SMMT unveiling that new car sales fell across the board in the last six months, with petrol, diesel and electric cars all falling 7.6%. https://news.sky.com/story/cut-taxes-to-fuel-flagging-electric-car-sales-and-hit-climate-goals-says-smmt-13184453
- Reported by The Telegraph, car manufacturer Ford has revealed that they lose nearly $50,000 (￡38,700) on every electric car it sells, as traditional manufacturers struggle with the switch away from petrol. The company posted a loss of $1.1bn for its electric vehicle division, Ford E (equivalent to about $47,600 per car). However, it sold 23,957 electric vehicles, which is an increase of 61pc from a year earlier. https://www.telegraph.co.uk/business/2024/07/25/ford-loses-50000-on-every-electric-car/
- The Mirror UK has reported on the RAC’s new data revealing that drivers filling up their cars with the wrong fuel occurs approximately once every three minutes in the UK. The cost for draining the incorrect fuel can range from ￡180 to ￡250, and it's unlikely that car insurers will cover this expense. Go Compare also found that one in four drivers aged between 25 and 34 admitted to making this mistake. https://www.mirror.co.uk/lifestyle/motoring/careless-petrol-diesel-drivers-risk-33318377
- Reported by the BBC, a British seabed owned by the Crown Estate will be used to help build windfarms in plans aimed at making the UK more self-reliant for energy. It is the first big announcement by Great British Energy, Labour's new publicly owned energy company. The firm's aim is increase renewable energy projects, boosted by ￡8.3bn in state funding, paid for by a windfall tax on oil and gas giants. https://www.bbc.com/news/articles/crglp32zzw2o
- The Guardian has outlined how the US has become one of the world’s biggest fossil fuel states, stating that no country has ever in history produced as much oil and gas, with Louisiana as a ground zero example. In the article, David Dismukes, energy expert at Louisiana State University said “to go from ground zero to billions of barrels is just stunning. It can be hard to comprehend”. https://www.theguardian.com/environment/article/2024/jul/24/fossil-fuel-liquified-natural-gas-louisiana
