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Sun01202019

Last update11:47:58 AM GMT

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All-Energy 2013 post-show facts and figures

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With two Ministers both making powerful and highly significant statements, All-Energy got off to a flying start when the thirteenth in the annual series was held 22 and 23 May at Aberdeen Exhibition and Conference Centre.

Rt Hon Ed Davey MP, Secretary of State, Department of Energy and Climate Change (DECC) was able to announce that: “New research by my Department estimates that, since 2010, across the UK, over £29 billion of private sector investment in renewables has been announced supporting almost 30,000 jobs. Many of these jobs are highly-skilled and well-paid positions and employees can be proud to be a part of securing the UK’s energy supply.” He added: “The commitment of the UK Government to a vision of a low carbon future is building up a bow wave of new jobs and investment in the economy.”

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Anesco on track to hit £100m revenue early

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altAnesco, the UK’s leading energy efficiency solutions company, is on track to hit revenue of £100million, after reporting a 400% growth in orders. The forecast comes on the back of impressive results for the last financial year, with the Reading-based company beating ambitious targets to achieve turnover of £55.1million and a profit of £3.4million before tax.

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Industrial sector overspending on energy

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altNew analysis from the Energy Efficiency Financing (EEF) scheme has revealed that the industrial sector is overspending on energy to the tune of over £2.2 billion per year.

The analysis, based on official sources and proprietary EEF data, examined a number of sectors to calculate the amount that these industries were overpaying on their energy bills because of inefficient technology, equipment and controls.

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Ethiopia looks to realise its geothermal energy potential

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altEthiopia, like its fellow Great Rift Valley countries, has enormous geothermal energy potential. However, the costs involved and the need for skilled expertise have, until now, been major obstacles.

In late January, the Development Bank of Ethiopia announced that, over the next five months, it will offer an initial $20m to kickstart geothermal energy projects in the country's private sector as part of a programme funded by the World Bank. A further $20m is expected to be made available at a later stage.

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Shale oil surge poses threat to renewable energy, PwC warns

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altA worldwide expansion of relatively cheap shale oil could put investment in renewable energy and global emissions targets under threat, as well as posing other environmental risks.

The shale oil industry is still in its infancy, but has the potential to reach up to 12 per cent of global production, potentially pushing down oil prices by as much as $50 per barrel by 2035, according to a new report by consultancy firm PwC.

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