The Anonymous Widower

UK Government Approves New North Sea Gas Field, Says Tax Revenue Will Fund Clean Energy

The title of this post, is the same as that of this article on the Solar Power Portal.

This is the sub-heading.

According to the government, Jackdaw will start to supply gas to British homes and businesses as early as the end of this month

These two paragraphs give details on the Energy Wealth Fund, which will fund clean energy.

Alongside the consent from Fahnbulleh, Chancellor John Healey announced that the government will establish a new Energy Wealth Fund, which will use tax revenues from North Sea oil and gas to invest in renewable and low carbon energy projects and support the green transition.

This will see an initial £2 billion funding injection, and the government has committed to funnelling tax income from the Jackdaw site into the fund. However, Healey himself conceded that it’s too early to say how much revenue the fund will actually generate.

As John Healey is a Political Scientist from Cambridge, I hope he got someone, who knows better to build the mathematical model and add up the figures.

But I do believe it could be a good investment, as there a lot of good ideas about, some of which have already been funded by the Government.

Ones the Government and myself both like include.

  • Ceres Power – a developer of solid oxide fuel cells and electrolysers.
  • Highview Power – large liquid air batteries up to 300 MW/3.2 GWh.
  • HiiROC – a five-times more energy efficient way to create hydrogen.
  • RheEnergise – a pumped storage battery, that uses a high-density liquid.

All except RheEnergise are also backed by Centrica.

 

 

October 22, 2026 Posted by | Energy, Energy Storage | , , , , , , , , , | Leave a comment

My New Nationwide Debit Card

My old card passed away and had a fault, so I asked for a new one.

I received the new one a couple of days ago and surprisingly, it is much easier to read.

Is this just Nationwide are all cards now easier to read?

October 22, 2026 Posted by | Design, Finance & Investment | , , | 1 Comment

IFM Investors To Acquire Majority Stake In UK Port Operator ABP

The title of this post, is the same as that of this article on offshoreWIND.biz.

This is the sub-heading.

IFM Investors, owned by Australian and UK pension funds, is acquiring a 63.9 per cent stake in Associated British Ports (ABP), the UK’s largest ports group

These two paragraphs add more detail.

The fund manager has signed an agreement with CPP Investments, which will sell its 33.9 per cent interest in ABP, and OMERS, which will divest its 30 per cent stake. Financial terms have not been disclosed, and the transaction is expected to be completed in the first half of 2027, subject to shareholder and regulatory approvals.

ABP operates 19 ports across the UK, handling approximately 25 per cent of the country’s seaborne trade. According to the company, its ports support more than half of the UK’s offshore wind industry.

The Wikipedia entry for Associated British Ports (ABP) gives more details about the company.

  • The company seems to have had a bit of a chequered history since it was created on nationalisation after World War II.
  • Then Mrs. Thatcher sold it off.
  • But it does seem to be doing a fair bit of trade and manufacturing and perhaps IFM Investors feel there is money to be made.
  • I do wonder, if ports will in the future

A 63% stake certainly gives control.

I have a thought.

Could Ports Like Those In ABP’s Portfolio, Expand Into The Supply  Of Low-Carbon Fuel For Shipping And Heavy RoadTransport?

Google AI tells me that IFM Investors invests in the hydrogen and low-carbon fuels sector as part of its energy transition strategy.

“Now there’s a thing”, as my late wife would say!

In Investment in Grain LNG, I talk about how Centrica and their plans, after the purchase of the Grain LNG Terminal, include the bunkering of ships.

 

October 22, 2026 Posted by | Artificial Intelligence, Hydrogen, Manufacturing | , , , , , , , | Leave a comment