The NGESO’s annual Network Options Assessment (NOA), published in January, set new network investment in train, with a recommendation that 41 new-build options proceed, at a total cost of £13.9B. The recommendation would see £183M invested this year. But the decision also highlighted the potentially…
Author Archive for New Power
‘Denser than water’ mini pumped storage solution successfully crowd-funds test rig
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RheEnergise has raised enough investment via Crowdcube – £320k – to finance building a 500kW test rig for its ‘High-Density Hydro’ energy storage solution. The R&D work to date has been part-funded by Innovate UK, an arm of the UK…
Offshore wind leasing round brings forward 8GW but high option costs raise concerns
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The Crown Estate has announced six proposed new offshore wind projects in the waters around England and Wales totalling nearly under 8GW, in a leasing round that saw bidders commit £879M (£111M/GW/y) in option fee deposits. RenewableUK said thatin comparison, developing and constructing a 1GW…
ACT NOW: Is your ‘shovel ready’ green project stalled by network issues? DNOs need data to help direct £300M to low-carbon hotspots
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Developers, local authorities and other parties with low-carbon projects that could connect to the electricity network in the next two years have six weeks to help direct up to £300M of network investment towards ‘hot spots’, with the aim of…
ABB to supply equipment for Statkraft’s Lister Drive grid services project, offering low-carbon inertia and voltage control
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Statkraft has announced that ABB will engineer and install two synchronous condensers at the Lister Drive Greener Grid Park in Liverpool, which will be constructed this year. The Lister Drive project will provide services to help keep the electricity system stable, including…
UK’s storage pipeline tops 22GW with batteries contributing 16GW
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More than 16.1GW of battery storage capacity is operating, under construction or being planned in the UK, across 729 projects, according to RenewableUK’s latest Energy Storage Project Intelligence report. Other forms of storage now under development could bring the total to 22GW. That compares to 10.5GW across 600 energy…
Keeping a weather eye on the gas market
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Janet Wood explores some of the natural phenomena that influence gas demand and supply Sometimes a glance out of the window will give you some clues as to gas demand. It’s simple enough to assume that on a cold…
Gas price recovery, CfD and RO increases, Covid debt, drive up price cap by £96
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From 1 April 2021 the energy price cap will increase by £96 to £1,138 for 11 million default tariff customers, and by £87 to £1,156 for 4 million pre-payment meter customers, Ofgem has annnounced. The hike returns the price cap to pre-pandemic levels, principally…
Closed schools mean faster installations for eEnergy ‘lighting as a service’ offering
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‘Energy efficiency-as-a-service’ business eEnergy Group saw revenues on ‘lighting as a service’ (LaaS) grow by 235% in the six months to end December 2020, to £6.6 million, compared to the period to December 2019. Overall revenue grew by 125%. The…
Good Energy founder Juliet Davenport to stand down as CEO, company to seek specialist in digital businesses
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Juliet Davenport is to stand down as chief executive of Good Energy and the company has appointed an executive search firm to recruit a new chief executive with proven experience in growing digital businesses. Davenport will become a non-executive director…