Rolls-Royce has said it will launch its first customer project featuring a hydrogen-based microgrid in 2024, after it announced plans to enter the hydrogen production market and acquired a majority stake in electrolysis stack specialist Hoeller Electrolyzer. The technology will…
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Credit Assessment Price to rise twice during August
by New Power •
The Balancing and Settlement Code’s (BSC’s) Credit Committee is proposing to increase the Credit Assessment Price (CAP) again as forward prices rise. A CAP of £330/MWh takes effect on 17 August and the committee now proposes to raise it again…
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Voltalia employs Limejump to optimise Bristol battery
by New Power •
French renewables company Voltalia, which has 1.3GW of wind, solar, biomass and hydro in operation worldwide, is now selling power into the NGESO’s ancillary services markets with the help of tech platform Limejump. Voltalia is building a battery portfolio in…
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ENA opens flexibility consultation
by New Power •
Energy Networks Association (ENA) has launched its annual flexibility consultation. It is seeking views by 12 September on • An overarching common framework for flexibility services • A common evaluation methodology to evaluate flexibility services • Procurement processes, aligning them…
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Octopus joins with EWT to repower onshore wind turbines
by New Power •
Octopus Energy Generation is partnering with turbine manufacturer EWT to repower up to 1,000 onshore UK wind turbines. In total there are around 9,000 onshore wind turbines. across England, Scotland and Wales Under Octopus and EWT’s plans, they will upgrade…
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AMTE plans home and vehicle battery factory for Dundee
by New Power •
AMTE Power has chosen Dundee as the site for a £160-190 million ‘megafactory’ to produce lithium-ion and sodium-ion battery cells for specialist markets. It described this as a “strong stepping stone towards building gigafactories in the future”. The Dundee factory,…
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Strategic Innovation Funding granted for follow-on projects
by New Power •
Ofgem has selected 18 projects to receive Strategic Innovation Fund (SIF) grants totalling around £8 million as they move forward to the next (‘alpha’) phase of development, out of 31 that requested funding. The SIF will fund five follow-on projects…
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Spike in balancing costs last week ‘driven by lack of southeast transmission and high European power prices’
by New Power •
NGESO bought power from the Europe on 20 July at a prices of over £9500 because of a combination of lack of capacity around London and high prices in Europe because of power outages there, the system operator said. In…
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MPs: Ofgem ‘incompetent’ in regulating retail market and government ‘overlooked’ its failings
by New Power •
“Ofgem has proved incompetent as the regulatory authority of the energy retail market over the last decade,” the BEIS Select Committee says in its report on Energy Pricing and the Future of the Energy Market. Ofgem “did not understand the…