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IN BRIEF: IGas Energy chosen for Manchester NHS geothermal scheme

Tue, 30th May 2023 13:28

IGas Energy PLC - London-based onshore energy company - Says its geothermal business GT Energy has been selected by Manchester University NHS Foundation Trust as preferred bidder to deliver a geothermal heat solution for a hospital in Wythenshawe near Manchester. Follows a process of five tenders submitted through the Carbon & Energy Fund framework in late 2022. Notes an "innovation partnership" will be created between GT Energy, the trust and the CEF to "provide a framework for the parties to work together through the project development phases". Says further announcements will be made about the details and timeline of the project once the partnership has been formalised.

Current stock price: 15.48 pence, up 4.7%

12-month change: down 46%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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29 Jun 2015 11:00

UPDATE: Major Setback For UK Shale Industry As Fracking Application Refused

29 Jun 2015 10:35

Major Setback For UK Shale Industry As Fracking Application Refused

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24 Jun 2015 16:11

Council Vote On Cuadrilla Fracking Application In Lancashire Deferred

23 Jun 2015 11:45

PRESS: Cuadrilla Fracking Argument Heats Up Ahead Of Final Decision

15 Jun 2015 10:37

UPDATE 1-UK council recommends approval for Cuadrilla fracking permit

(Adds Cuadrilla, environmental group comments) LONDON, June 15 (Reuters) - Shale gas firm Cuadrilla Resources received a boost in its plan to start fracking in north west England on Monday when local government recommended that its application to drill up to four exploration wells should be

15 Jun 2015 09:43

UK council recommends approval for Cuadrilla fracking permit

LONDON, June 15 (Reuters) - Shale gas firm Cuadrilla Resources received a boost in its plan to start fracking in north west England on Monday when local government recommended that its application to construct up to four exploration wells should be granted. The company's project at Preston

15 Jun 2015 08:33

BROKER RATINGS SUMMARY: Merrill Lynch Ups Fresnillo, Centamin To Buy

22 May 2015 12:29

Britain's new government set to kick-start shale ambitions

By Karolin Schaps LONDON, May 22 (Reuters) - Britain's new Conservative government could take control of planning decisions to speed up the development of shale gas and prevent investor money from drying up, lawyers say. Britain is estimated to have enough shale gas trapped below its

11 May 2015 10:02

UK Conservative Government Vows To Support Shale Gas, Fracking

8 May 2015 07:27

UPDATE 1-IGas CEO Austin to step down after signing Ineos deal

* Current CFO to replace Austin as CEO * Firm to cut headcount by over 25 pct, shut Sterling office * In discussion with third party over Indonesia investments (Adds detail about cost savings, funding) LONDON, May 8 (Reuters) - Britain's largest shale gas developer IGas said o

8 May 2015 07:12

LONDON MORNING BRIEFING: Stocks Surge As Conservatives Set To Govern

8 May 2015 06:51

IGas Chairman Leaves As Company Cuts Workforce By Over 25%

8 May 2015 06:27

IGas CEO Austin to step down after signing deal with Ineos

LONDON, May 8 (Reuters) - Britain's largest shale gas developer IGas said on Friday that its chief executive Andrew Austin is to step down, following the completion of a deal with Swiss chemicals group Ineos. Austin, who has been at IGas for more than ten years, said chief financial officer

7 May 2015 16:39

Thursday broker round-up

Morrison: Shore Capital reiterates buy. Direct Line Insurance Group: Canaccord Genuity reiterates buy and 350p target. BAE Systems: Charles Stanley reiterates accumulate. GlaxoSmithKline: UBS reiterates buy and 1,700p target. Aviva: Panmure Gordon reiterates buy and raises target to 660p from 600

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IN BRIEF: IGas Energy chosen for Manchester NHS geothermal scheme

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