logo
Terra Firma Energy Limited Launch Strategic Review to Evaluate How Best to Expand and Adapt Its Role in Supporting the UK's Evolving Energy System

Terra Firma Energy Limited Launch Strategic Review to Evaluate How Best to Expand and Adapt Its Role in Supporting the UK's Evolving Energy System

Business Wire5 days ago
LONDON--(BUSINESS WIRE)--Terra Firma Energy (TFE), a leading developer and operator of flexible generation assets in the UK, has today launched a strategic review to evaluate how best to expand and adapt its role in supporting the UK's evolving energy system.
Terra Firma Energy launch strategic review to evaluate how best to expand and adapt its role in supporting the UK's evolving energy system.
The review will focus on how TFE can accelerate its contribution to national decarbonisation goals while maintaining the resilience and responsiveness that the UK grid requires. With a proven portfolio of gas peaking plants already supporting grid stability, and new assets under construction, the company is now assessing opportunities to integrate new technologies and broaden its platform.
'The UK energy market is changing rapidly, and so are the needs of the system,' said Zach Dodds-Brown, Development Director at Terra Firma Energy. 'Our flexible generation assets already play a vital role in balancing intermittent renewables. This review will define how we continue to lead in reliability, while exploring new frontiers such as battery storage, low-carbon fuels, and digital optimisation.'
TFE's portfolio includes several operational gas peaking sites and others currently under construction, supported by long-term Capacity Market contracts. The review will examine both organic and inorganic opportunities, including:
Deployment of utility-scale Battery Energy Storage Systems (BESS)
Acquisition of complementary operating assets
Integration of green hydrogen and carbon capture technologies
Establishment of an in-house asset management platform to drive efficiency
'Flexible, fast-responding energy will remain critical as we shift to a renewable-powered grid,' added Zach. 'TFE's mission is to be the partner of choice for that transition — not just keeping the lights on, but doing it in a smarter, cleaner way.'
The findings of the strategic review will inform TFE's next phase of investment and development, expected to be announced later this year.
For more news from Terra Firma Energy please click here.
Notes to Editors
About Terra Firma Energy Limited
Terra Firma Energy Limited are a privately owned U.K. based company operating in the development of renewable & sustainable energy projects. We design, develop & construct carefully sourced projects with the emphasis on making them a cleaner & more respectful source of energy production for future generations.
Website - Home - Terra Firma Energy
LinkedIn -
YouTube - https://youtube.com/@terrafirmaenergy?si=QXIeYkWajprAowg6
Facebook - https://www.facebook.com/profile.php?id=100090781489759
Instagram - https://www.instagram.com/terrafirmaenergyuk/
X -
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Brown & Brown Dealer Services acquires assets of Tire Shield
Brown & Brown Dealer Services acquires assets of Tire Shield

Business Insider

time3 hours ago

  • Business Insider

Brown & Brown Dealer Services acquires assets of Tire Shield

J. Scott Penny, chief acquisitions officer of Brown & Brown, and Mark N. Otto, the owner of Tire Shield, announced that Brown & Brown Dealer Services, or BBDS, has acquired the assets of Tire Shield. Founded in 1997, Tire Shield offers administrative services for dealers and agents providing tire and wheel road hazard products and GAP waiver products for the RV, Automotive and Power Sports Industries. The Tire Shield team will join Brown & Brown Dealer Services and continue to operate from their offices in Las Vegas, Nevada. The team will report to William Kelly, president of BBDS's administrative services. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

These are smart moves for required withdrawals in retirement when you don't need the money
These are smart moves for required withdrawals in retirement when you don't need the money

NBC News

time7 hours ago

  • NBC News

These are smart moves for required withdrawals in retirement when you don't need the money

As year-end approaches, some older Americans must soon take required withdrawals from retirement accounts — and there are several options if you don't need the money, experts say. Most retirees must take required minimum distributions, or RMDs, from pretax retirement accounts starting at age 73 or face an IRS penalty. The first deadline is April 1 of the year after turning 73, and Dec. 31 is the due date for future years. But some retirees have 'a lot of guaranteed income' before RMDs, or spend less than they have coming in, according to Judy Brown, a certified financial planner who works at C&H Group in the Washington, D.C. and Baltimore area. In 2024, Social Security was the most common source of retirement income. But 81% of retirees had one or more types of private income, such as pensions, investments, rental income or employment, according to a Federal Reserve report published in May. When retirees have more than they need, there could be decisions about how to spend or reinvest their RMDs, experts say. 'It can definitely impact a lot of people,' and the right choice depends on your financial needs and goals, said Brown, who is also a certified public accountant. Here are some options to consider. Reinvest with exchange-traded funds If you still want long-term growth, you can reinvest RMD proceeds into a brokerage account. But you need to choose assets carefully because the account incurs yearly taxes, experts say. Typically, experts suggest exchange-traded funds, or ETFs, over mutual funds in a brokerage account because the assets are less likely to distribute capital gains or dividends throughout the year. 'It's also easier for tax-loss harvesting,' which involves selling a losing brokerage account asset to offset other portfolio gains, Brown said. Since ETFs trade throughout the day like a stock, you have more control when selling specific assets, she said. 'Skip the tax bill' with a transfer to charity For charitable investors, you could also consider a so-called qualified charitable distribution, or QCD, experts say. Open to retirees age 70½ or older, QCDs are a direct transfer from an individual retirement account to an eligible non-profit organization. For 2025, the limit is $108,000 per investor. Once you're 73 or older, you can use QCDs to satisfy yearly RMDs and the transfer won't increase your adjusted gross income. 'It's the IRS' best-kept secret for retirees,' said CFP Ashton Lawrence at Mariner Wealth Advisors in Greenville, South Carolina. 'Skip the tax bill and help a cause you believe in.' Legacy planning with a 529 contribution If legacy planning is important, you can also consider using RMDs to contribute to a 529 college savings plan for your family, experts say. As of May 2025, more than 30 states offer a state tax credit or deduction for 529 contributions, according to education website Saving for College. In most cases, this requires a deposit to your state's plan. There is not currently a federal income tax break for contributions.'It's not going to be enough to offset all of their state [income] taxes,' said Brown. But you can 'get a benefit going for the grandchildren' while securing a state tax break for yourself, she said.

Harvard Ready to Pay $500 Million for Job Training in Trump Deal
Harvard Ready to Pay $500 Million for Job Training in Trump Deal

Bloomberg

time10 hours ago

  • Bloomberg

Harvard Ready to Pay $500 Million for Job Training in Trump Deal

Harvard University has signaled it's willing to pay $500 million for workforce training programs as part of a settlement with the White House to restore more than $2 billion in frozen federal funds, according to a person familiar with the negotiations. The administration is open to Harvard and other colleges paying penalties in the form of contributions to workforce training programs, the person said. Last month, Brown University agreed to pay $50 million over ten years for such programs in its home state of Rhode Island. Harvard has repeatedly ruled out paying a direct fine to the government, as Columbia University agreed to do.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store