Chinese electric vehicle battery manufacturer EVE Energy is reportedly in discussions to invest over £1 billion in constructing a massive new gigafactory on the outskirts of Coventry.
Home energy storage systems are now zero-rated for VAT, as new rules come into effect designed to boost the uptake of the clean energy technology among homeowners.
The government is proposing a significant shift in the way renewable energy companies are compensated for the electricity they generate, aiming to address the issue of substantial payments made to generators for shutting down operations.
After a few false starts, energy companies are finally looking to transition away from fossil fuels and adopt more sustainable forms of energy production in the future.