The UK has secured more than £1.3 billion in new international investment for battery storage, energy infrastructure and technology projects, with major commitments from companies based in France and India.
French private equity firm InfraVia will invest £1 billion in battery storage and flexible energy infrastructure projects, while India-based Atri Energy Transition will commit more than £300 million to large-scale battery storage and advanced manufacturing facilities.
Indian technology company Hexaware Technologies will also invest £25 million to expand its UK operations.
The government said the projects would support job creation and help strengthen the country's energy infrastructure as demand for electricity continues to grow.
Battery storage is playing an increasingly important role in the UK's energy system. The technology allows excess electricity generated by renewable sources, such as wind and solar farms, to be stored and used when demand rises or generation falls.
The investment comes as the UK continues efforts to reduce its reliance on fossil fuels and expand clean energy capacity. The government has set a target of reaching net-zero greenhouse gas emissions by 2050 and has identified energy security as a key priority.
Ministers say attracting international investment into renewable energy, energy storage and advanced manufacturing will help support economic growth while accelerating the transition to cleaner sources of power.
The announcement was made during the G7 summit, where leaders are discussing economic growth, energy security and international cooperation amid ongoing global challenges.
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Delegations from Russia, Ukraine and the United States met in Abu Dhabi on Tuesday for their first formal talks in nine months. They did so with no agreement on what a ceasefire would be tied to or who gets to keep the land currently under Russian control.
At least 17 people have been reported killed in an explosion at a steel plant in western Türkiye, after a crane collapsed during maintenance work. The disaster has prompted a criminal investigation into what went wrong at the industrial facility.
Russia and Ukraine are set to return to Abu Dhabi on Tuesday for a fourth round of U.S.-brokered peace talks, with European participation, security guarantees and territorial disputes expected to shape the negotiations.
Nvidia has launched an independent investigation into whether its chief executive, Jensen Huang, was targeted in a foreign intelligence operation, following allegations that a businesswoman with whom he had a relationship passed information to Beijing.
U.S. envoy Jared Kushner said Washington believes the Russian President is prepared to reach a peace agreement under the right conditions, as U.S., Russian and Ukrainian delegations began trilateral talks in Abu Dhabi on Tuesday 10 November.
Nvidia, the world's most valuable chip company, is investigating its own boss, and China says the reasons behind it are false.
Spain’s government has approved a package of rail safety measures after train drivers went on strike on Tuesday to demand more investment in maintenance, following the country’s second deadly rail crash this year.
Russia has declared a Moldovan diplomat at the country’s embassy in Moscow undesirable, in retaliation for a similar move by Moldova last month, the Russian Foreign Ministry said on Tuesday (10 November).
A senior U.S. Army soldier has been arrested in Britain on suspicion of assisting Russian intelligence, British police said on Tuesday (10 November), a day after the United States moved aircraft out of a British air base over an apparent threat from Iran.
Reciprocal visits underline the “one nation, two states” alliance, with both leaders describing their bond as unshakable.
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