National Grid Gas plc has been fined £4M with £91,805 costs for failing to ensure its records relating to gas risers were up to date. National Grid Gas previously operated several local gas distribution networks (GDNs) supplying gas to UK…
Author Archive for New Power
Cornish Metals raises £8.2M to explore mine site
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Cornish Metals expects to start drilling at its United Downs site in Cornwall in late March or early April after raising £8.2M in new shares and private investment and listing on the AIM market . The company wants to extract copper…
All-hydrogen display houses to open at NGN site in April
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Two houses being built at Northern Gas Networks’ site in Low Thornley, Gateshead will be the UK’s first with household appliances fuelled entirely with hydrogen. The semi-detached homes, funded with the help of the Hy4Heat programme, will open in April 2021.…
£10M investment in Centre for Greening Finance research hubs that will provide the data to help turn investors green
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The government is to invest £10 million in a new UK Centre for Greening Finance, with physical hubs in Leeds and London. These research hubs will provide data and analytics to financial institutions and services such as banks, lenders, investors…
BEIS sets out proposed CCUS timetable, aims for investment decision on two 2020s clusters by 1H 2022
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BEUS wants to identify carbon capture and storage (CCUS) clusters by August that may be eligible for government support for deployment by the mid 2020s and allow for a final investment decision in the first half of 2022. It is…
‘Sandbox’ experiment on metering could enable housing developments to use cheaper ‘micro grids’
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A ‘Sandbox’ proposal to trial a new metering solution in. a live’ market environment is under consultation until 26 February. Emergent Energy is a renewable energy supplier that specialises in microgrids (residential private wire networks) in the social housing sector.…
Greencoat UK Wind seeks £198M to fund acquisitions
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Renewable infrastructure fund Greencoat UK Wind is seeking to raise up to £198M by issuing shares institutional investors at 131p per share. The fund invests in operating UK wind farms, with exposure to offshore limited to 40% of Gross Asset Value (currently 30%).…
‘Rare earths’ not so rare in South African mine site, miner reports
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Rainbow Rare Earths has reported positive results in sampling for neodymium and praseodymium at its Phalaborwa site in South Africa. The materials are among so-called ‘rare earths’ that are vital components of the permanent magnets used in wind turbines and other generatorsand there are…
Carbon emissions reserve price in new UKETS set at £22
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The government has set the reserve price for carbon emissions at £22 in the first auction in the new UK Emissions Trading Scheme. Auctioning will start no later than Q2 2021. The government said that reserve price would be fixed until “it is…
NGGT probes gas emergency arrangements’ link with power generation, fearing ‘no robust methodology’. Are gas engine fleets ‘free riding’?
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The changing nature of assets connected to the gas network present “a very real problem that needs a solution” in the event of a gas supply emergency, National Grid Gas Transmission (NGGT) said at a meeting that kicked off examination…