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.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade ...
Russia said its air defences downed 180 drones over the Moscow region overnight, with 620 drones reportedly targeting the area, according to Moscow...
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At least 11 people were killed in Israeli strikes on southern Lebanon on Saturday, among the deadliest since a June ceasefire. Meanwhile, Qatar denied holding Iranian pilots. It said it had found the remains of one pilot after an airspace violation and had contacted Iran to coordinate a handover.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
South Korea's presidential Blue House said on Monday it was reviewing U.S. President Donald Trump's comments on scaling back joint military drills. It added that it hoped a favourable relationship between Washington and Pyongyang could lead to meaningful talks.
Residents of villages in eastern Indonesia hit by a deadly earthquake that killed at least 54 people were awaiting aid on Monday as rescuers prepared to comb through collapsed buildings in search of people trapped beneath the rubble.
The European Union is preparing what foreign policy chief Kaja Kallas has described as its most far-reaching sanctions package against Russia since the war in Ukraine began.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
China is mourning former Premier Zhu Rongji, a driving force behind the economic reforms that transformed the country in the 1990s and early 2000s, following his death at the age of 97.
Russian opposition politician Lev Shlosberg has been sentenced to 11 years and one month in a penal colony after being convicted of criticising Russia's military campaign in Ukraine.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 18th of August, covering the latest developments.
At least two people were killed, including the suspected shooter, and two others were injured in a shooting at a high school in the southern Philippine city of Zamboanga.
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