Mott MacDonald Ventures is to take a stake in Piclo, the energy flexibility trading platform that connects buyers and sellers of energy. It has made an equity investment as part of a Series A £4.7M funding round the Clean Growth Fund (which…
Author Archive for New Power
Symbio Energy hit by £100k penalty, Ofgem says saga showed ‘serious weaknesses’ in Symbio’s financial management
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Supplier Symbio Energy will be fined £100,000 for repeated late payments under the feed-in tariff and Renewables obligation schemes, Ofgem has announced. The proposed penalty has been the subject of correspondence between the company and the regulator, not least because…
ACT NOW: Environmental Audit Committee calls for evidence on building a UK supply chain for EVs and their batteries
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The Environmental Audit Committee (EAC) has opened an inquiry into the supply chain for battery electric vehicles and asked for evidence from stakeholders.. It says a supply chain focused on battery technology and the associated power electronics, machines and drives…
INTERVIEW: Mike Lockett, Uniper, talks about going carbon neutral by 2035
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Janet Wood talked to Mike Lockett, Uniper’s chief commercial officer, power, and UK country chairman, about how a fossil generator sets out to be carbon neutral in less than two decades A year ago Uniper announced a carbon neutral target…
How new-build assets stack up against behaviour change is exactly the question we should be addressing in public planning
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‘Relevant technical experts’ must respond this week to provide input to BEIS over how energy planning and national planning statements will take account of sustainability and the required Habitats Regulations Assessment. Six national planning statements that underpin planning decisions on energy assets were…
ITM Power spins off ITM Motive: hydrogen fuelling company plans more filling stations for vehicle fleets
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Hydrogen vehicle refuelling company ITM Motive has been spun off as a separate, wholly owned subsidiary of its parent ITM Power. All English refuelling assets have been transferred to ITM Motive, which was set up as a division in 2020…
Foresight Solar Fund takes first battery storage stake alongside JLEN
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Foresight Solar Fund has acquired a 50% equity stake in Sandridge Battery Storage, which is developing a 50MW lithium-ion battery energy storage system in Melksham to be energised in October 2022. JLEN Environmental Assets Group will also acquire a 50% equity…
European energy regulators say Covid experience opened a window into the future on digitalisation, decarbonisation, smart meters
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Covid has reinforced the value of digitalisation in energy systems, according to a first report on the pandemic’s effect on Europe’s national energy systems produced by the Council of European Energy Regulators (CEER). It said in national regulatory authorities (NRAs)…
Fires hit US biomass plant owned by major UK supplier
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For the second time within a month fire has broken out at a facility in North Carolina, US, processing wood pellets for Enviva, a major supplier of biomass to UK power plants. Campaigners in the southern USA say this is the…
Ørsted warns of £350M bill to repair array cables in its offshore wind farms
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Ørsted has warned that it expects to pay out an estimated DKK3 billion (£350 million) between now and 2023 to take remedial action on damaged cables within up to 10 of its wind farms offshore of the UK and Europe. The so-called…