For the second time, the UK’s Emissions Trading Scheme (ETS) Authority has decided not to provide extra supply to the scheme although a ‘cost containment mechanism’ was triggered (CCM) at the start of January. The CCM enables the UK ETS…
Author Archive for New Power
ACT NOW: Innovate UK offers £5 million in grants to small businesses with innovations to bring climate risk into financial services
by New Power • • Comments Off
Innovate UK has £5 million in funding available and is inviting small businesses to compete for funding to help them demonstrate and deploy innovative solutions that integrate climate and environmental factors into financial services. Investors need to be aware of…
ScotWind lease round brings forward 25GW of offshore wind with the majority using floating turbines
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Nearly 15GW of floating wind farms could be installed off the coast of Scotland, along with nearly 10GW of fixed turbines, if projects bid into the ScotWind leasing round all delivered. Crown Estate Scotland announced that 17 projects have been…
Two contracts signed for Equinor and SSE Thermal’s planned hydrogen store at Aldbrough
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Equinor and SSE Thermal have awarded two contracts for work on a proposed hydrogen storage facility at Aldbrough. Engineering company Atkins and sustainability consultancy Environmental Resources Management (ERM) have been awarded major contracts, representing an important milestone and progress in…
Low carbon generators set to pay £39M to suppliers as high wholesale prices prompt CfD reverse
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This quarter the Contracts for Difference (CfD) mechanism that smooths and supports income for renewable energy generation will return money to electricity suppliers for the first time. It will return over £39 million for the last quarter of 2021 and…
Ecotricity set to disrupt Good Energy sale of renewables assets
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Ecotricity has tried to stop Good Energy, in which it is a large shareholder, from disposing of its renewable generation portfolio without its approval. In November Good Energy put its 47.5MW power generation portfolio up for sale to fund a…
Vehicle to grid technologies proposed as Capacity Market option
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The Capacity Market could provide an opening for electric vehicle (EV) owners who can charge their vehicles flexibly. Other forms of storage such as batteries, and demand side response, are both already able to bid in to the Capacity Market.…
INTERVIEW: Amber Infrastructure’s Mark Andrew on delivering green growth
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Levelling up, building back better and going green ought to all be part of the Net Zero goal. That is on local as well as national government’s agenda, but delivering the ideal outcome is complex. Janet Wood spoke to Amber…
JLEN shifts investment from wind and solar, forsees better returns in biomass and greenhouse farming
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Returns for wind and solar infrastructure assets have been driven down by increased competition and a maturing market, according to JLEN Environmental Assets. Announcing a new £60 million share offering it said future investment would be directed towards the wider…
Results from 25,000 households reveals huge potential to use domestic flexibility to manage power system
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Active households who can respond to requests to turn up or turn down their electricity usage, in response to price signals, could significantly reduce peak electricity demand and boost usage when required, a project involving 25,000 households has found. The…