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Europe faces potential energy crisis from peak oil decline rather than geopolitical conflict, as the continent remains heavily dependent on foreign crude imports despite recent diversification efforts.
Great Britain’s electricity network rewiring costs have risen 50% to nearly £90bn in the 2030s, according to the government-owned energy system operator, reflecting accelerated clean energy targets and rising inflation.
A billionaire-led consortium plans to invest £35bn building 14 small modular nuclear reactors across three UK sites, including a former nuclear facility in Gloucestershire, targeting power generation beginning in 2034.
Britain’s grid operator warned of potential power supply strain during Thursday’s extreme heat, marking the third heatwave of the year as temperatures approach 34C across southern England.
BP’s chief executive urged UK Prime Minister Andy Burnham to prioritize domestic oil and gas production even as the company prepares to exit its North Sea operations after six decades.
A study of 25 electricity systems found that grid flexibility planning often outpaces actual operational capability, with most systems averaging lower scores on delivery metrics than on institutional design.
