The UK could meet a significant proportion of its heat and power needs using geothermal energy, claims a new report by Arup. Delivering 12 projects a year for 30 years would contribute 15TWh of heat and 400GWh of electricity annually…
Author Archive for New Power
Gore Street acquires 80MW Milton Keynes storage project, highlights opportunities from flexible trading strategy
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Gore Street has acquired an 80MW battery storage project from RES. The project, in Milton Keynes, is ’construction ready’ and will be completed in the next 12-15 months at a cost of £30M. It is currently scheduled to become operational in Q1…
JLEN raises £59M, plans battery and bio-energy investment
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JLEN Environmental Assets Group has raised £56.9 million in a share offering and has announced plans to invest in operational bio-energy assets and battery storage. The group’s current portfolio comprises 36 projects. They include onshore wind, PV solar, waste and wastewater processing…
Ubitricity’s EV charge point tech repurposed to serve market stallholders in Westminster
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Market stallholders in Pimlico, London, will get their power from repurposed EV charging technology installed in street bollards. The initiative by Westminster City Council and EV charging company Ubitricity was installed during extensive renovation of Tachbrook Street Market. WSP designed…
3i Infrastructure says Infinis returns were boosted by volatile power prices, sees more competition in ‘energy transition’ investment
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Infinis, 3i Infrastructure’s largest investment, was also its star performer last year, according to the infrastructure investor’s annual report. Although the early stages of the Covid-19 pandemic saw a fall in electricity demand of more than 10% in the UK,…
Siemens Gamesa to invest £42M in commercialising flow batteries with Invinity, takes option on a stake in the company
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Siemens is taking a stake in the long term battery storage industry, signing a joint development and commercialisation agreement with Invinity for the latter’s flow battery technology and taking options on a stake in the company. The agreement, between Invinity…
Guidehouse: It’s time to rethink the offshore wind grid delivery model
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Izabela Kielichowska, associate director, Guidehouse, Brussels,says ambitious offshore energy growth plans are driving new thinking about energy system design in the UK The UK has been a leader in global and European offshore wind developments. In its 2020 Energy White Paper, the British…
Mast reports on projects in a reserve power pipeline aiming to total 300MW
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Mast Energy Developments has set out its reserve power project pipelinefollowing its listing on 14 April. It is targeting 300MW of capacity and said it is engaging with developers and has access to sites totalling around 166MW. Among its target…
Aquila plans £150M float to fund energy efficiency upgrades for corporates, promising smart buildings, EV, PV and storage
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Aquila Energy Efficiency Trust has announced plans to raise £150M to invest in energy efficiency projects with corporates in the UK and Europe, via an initial public offering and listing on the London Stock Exchange. It plans to offer efficiency…
Synchronous condensors: ready to roll out?
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Janet Wood looks at a grid stability option and asks whether it might prompt an addition to the power sector’s expanding suite of investment asset classes In the past, a gas turbine might have been thought more enticing to…