British Gas and the RAC and have joined forces to offer a ‘one stop’ electric vehicle (EV) package. The RAC recently offered drivers an EV lease option along with Hitachi Capital Vehicle Solutions; the new partnership means customers can have…
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Early participants ‘leaving storage market’ says Gore Street chair, as company plans Europe and US expansion
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The storage maret is consolidating, according to the chair of specialist fund Gore Street Energy Storage. In its annual report chair Patrick Cox said, “The regulatory and market frameworks for energy storage are maturing rapidly with many early participants leaving…
Government should boost rooftop PV rollout by supporting domestic users – and use tax break to step up SME installations
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Households and small businesses think government has ‘lost interest’ in rooftop solar and will not support those installing it, according to new research published by the Department for Business, Energy and Industrial strategy, but minor changes could boost installation by…
Local leaders want powers to deliver Net Zero
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Mayors and local leaders from across party lines have called for a ‘Power Shift’ from Whitehall so that local and regional authorities can deliver Net Zero. A joint communiqué signed by 32 leaders seeks urgent policy changes that would help…
Low-carbon microgrids will power Open golf tournament, with green chargers for courtesy EV fleet
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Two short-term microgrid installations are providing energy for the 149th Open Golf Championship at Royal St George’s Golf Club in Sandwich. The hybrid system, provided by Aggreko, will reduce carbon emissions by up to 40% compared to the previously used…
Gresham House to take forward 240MW of battery storage with new investment
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Gresham House Energy Storage Fund says it will take forward construction of battery storage projects 240MW after a share issue raised £100M. It said the placing was “significantly oversubscribed and a scaling back exercise has been undertaken”. The company says…
Falling costs of electrolysis could make green hydrogen as cheap as blue by mid-2020s – if it avoids grid charges, says Aurora
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Avoiding grid fees and environmental levies is key to reducing the cost of producing ‘green’ hydrogen via electrolysis of water, according to a new report from Aurora Energy Research, as well as having a good green energy resource. But in…
Flexion Energy aims to build 1GW of battery storage in five years, funded by £150M from GLIL Infrastructure Fund
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GLIL Infrastructure Fund and ion Ventures have set up a new joint venture, Flexion Energy Holdings UK Ltd, to develop 300MW of grid-scale battery projects in the UK within two years. They aim to grow the new company’s portfolio to…
Conrad Energy to provide reactive power services for SPEN Distribution
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SP Energy Networks (SPEN) has contracted power producer Conrad Energy to provide a reactive power service, the first time this has been done at a distribution level. The voltage on the electrical system is a core component of maintaining its…
UPDATED: Octopus REIT confirms plans to raise £100M for new renewables investment across Europe – issue raised to £150M
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Octopus Renewables Infrastructure Trust has exceeded its target in a new share offering and decided to increase the size of the Issue to approximately £150 million (from approximately £100 million). Chris Gaydon, Investment Director at Octopus Renewables, commented:”The team is…