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Tata Steel seeks to reduce energy bills with new generator at Wales site

Tata Steel seeks to reduce energy bills with new generator at Wales site

TATA Steel has installed a 30-megawatt generator at its Port Talbot site in South Wales, seeking to reduce its energy bills and cut carbon footprints.

Installed in a new turbine hall as part of a wider £37 million investment in the site’s power station, the generator helps convert more process gases from blast furnaces, steelmaking plant and coke ovens into energy.


While high fuel prices are eating into the profits of steelmakers globally, the investment by the Mumbai-headquartered company is expected to cut its energy bill by millions of pounds every year.

According to Tata Steel’s project manager Guy Simms, the investment effectively reduces its offsite carbon footprint by 43,800 tonnes of CO2 annually.

“Our on-site power plant uses process gases to heat water into steam, which then drives a turbine-like a propellor. This, in turn, drives an electrical rotor to generate our own electricity.

“We have a number of these turbo-alternators but not enough to use all the steam we can create. This latest addition, however, will make a step-change to our energy-generation capacity,” he said.

The project also included creating a newly landscaped area that has been planted with Kidney Vetch – the main food source of the UK’s smallest resident butterfly, the Small Blue.

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Netflix buyback

The company ended Q1 with $12.3 billion in cash, partly because buybacks were paused during the Warner Bros process

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Netflix approves $25 billion buyback after scrapping Warner Bros bid

Highlights

  • Netflix board approved a $25bn share repurchase on 22 April, with no expiry date.
  • The move follows Netflix abandoning its $83bn bid for Warner Bros' streaming and studio assets.
  • Netflix stock has fallen more than 10 per cent since weak Q2 guidance, closing at $93.24 on 22 April.
Netflix has approved a $25 billion share buyback programme, using capital it had kept aside for its failed bid to buy Warner Bros.
The board gave the green light on 22 April, with the decision disclosed in an SEC filing the next day.
There is no expiry date on the programme. It comes on top of an existing December 2024 buyback that still had $6.8 billion left as of 31 March.

Earlier this year, Netflix pulled out of an $83 billion deal to acquire Warner Bros' streaming and studio assets after Paramount Skydance made a rival bid for Warner Bros. Discovery. Paramount then paid Netflix a $2.8 billion exit fee.

Co-CEOs Ted Sarandos and Greg Peters had already said the company would restart share buybacks once the deal was off.

Netflix shares have had a rough ride. They hit an all-time high of $134.12 in June 2025, then fell more than 40 per cent when the Warner Bros deal was announced.

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