Negotiating practical arrangements for the UK and EU energy markets to work together in the long term is taking up civil service capacity that we can ill-afford to lose, at a time when the need to develop energy and climate…
News
Strathclyde Pension Fund to invest £20M in Clean Growth Fund
by New Power •
The Clean Growth Fund (CGF) has won a capital commitment of £20M from Strathclyde Pension Fund. The investment will bring the total amount raised by the Fund, a venture capital fund investing into promising early-stage UK clean technology ventures, close…
Longread
INTERVIEW: Amanda Brock, OpenUK, on how Open Source is moving into energy
by New Power •
How many energy companies have a policy against the use of so-called ‘Open source’ software in their activities? Amanda Brock, chief executive of OpenUK, says it’s a common prohibition – but she suspects that a closer look will reveal that…
News
Swiss company signs 10-year deal for output from French developer’s solar farm in Kent
by New Power •
Axpo UK, the UK arm of Swiss energy generator and trader Axpo, has signed a new ten-year, fixed price power purchase agreement (PPA) with French solar developer Voltalia for a PV installation in Kent. Axpo UK will purchase 100% of…
News
Anglian Water plans to step up investment in solar PV
by New Power •
Anglian Water is stepping up its investment in solar PV. It more than doubled generation in 2021 to 7.2GWh from 14 solar PV installations at its sites – an increase from 3GWh in 2020 – and completed the largest solar…
News
Vehicle electrification – and COP 26 – prompt upgrades in Glasgow electricity networks
by New Power •
SPEN is adding electrical circuits to an existing substation close to this year’s COP26 venues in Glasgow. Next year the new equipment will become part of a new substation, one of three added or upgraded that will be required to…
News
GIG acquires battery development portfolio, plans to operate in balancing and grid service markets
by New Power •
Macquarie’s Green Investment Group (GIG) has acquired a ‘utility scale’ portfolio of development-stage distribution-connected battery storage from Capbal. The organisations will initially partner to deliver seven projects totaling 187MWh and strategically located in highly congested areas of the UK network,…
News
Aksiom Services acquires Anesco, highlights ‘potential to scale rapidly in the UK and elsewhere in Europe’
by New Power •
Anesco has been acquired by Aksiom Services Group, a partnership between Ara Partners and the Aksiom Group, for an undisclosed sum. The transaction will see principal shareholder and funder Alcentra exiting Anesco’s shareholder base after six years. Aksiom is a…
News
Independent networks raise fears over Future Homes Standard: gaps on policy delivery must be filled and impact assessment is needed now
by New Power •
The Independent Networks Association (INA) has warned that government’s plan to ensure new homes will be low carbon is undermined by a lack of joined-up policy delivery and proposed delaying implementation until 2028. A report by EY for the INA…