Rt Hon Philip Dunne MP, chair, Environmental Audit Committee: “I welcome the eagerly awaited Hydrogen Strategy, which finally gives industry some clarity on the government’s intention for hydrogen in our low carbon energy mix. When our Committee undertook work on…
Author Archive for New Power
MED acquires two projects as it aims for 300MW reserve power portfolio
by New Power • • Comments Off
Mast Energy Developments (MED) has acquired Rochdale Power Limited, a 4.4MW (adjustable up to 7.5MW) gas engine project in Dig Gate Lane, Rochdale. It was acquired as a special purpose vehicle (SPV) from Balance Power Projects. Rochdale is a ‘shovel-ready’…
Bluefield solar acquires wind farms, co-located solar/storage project
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Bluefield Solar fund has made two acquisitions. The first is an operating portfolio of 109 small onshore wind turbines, for which it paid around £63 million (including working capital and transaction fees). The second is the grid connection and associated…
Reactive Technologies plans international expansion of inertia measurement tech with $15M funding
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Reactive Technologies has raised $15 million to expand its international activities and export its GridMetrix technology, which takes direct measurements of electricity grid ‘inertia’ (stability) and providing system operators with accurate real-time visibility over power network conditions. The funding round…
Gwynt y Mor OFTO reveals battle to insure offshore wind cables: 40% premium hike and scores of providers decline
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Concern over outages in cables connecting the UK’s offshore wind farms to the onshore network have been laid bare by the company that owns the link to Gwynt y Môr wind farm, which argues that a series of repair outages…
CMA says GEMA got it right on cost of equity, wrong on clawing back outperformance
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The Competition and Markets Authority (CMA) is set to uphold the decision of the Gas and Electricity Markets Authority (GEMA, through Ofgem) to sharply cut the returns network companies can make in the coming five years (the RIIO-2 period), but…
Cornwall’s geothermal sites could also provide ‘green’ lithium for batteries
by New Power • • 1 Comment
Geothermal Engineering Ltd (GEL), the company developing a deep geothermal electricity power plant at United Downs in Cornwall, says it has found extremely high levels of lithium in the waters extracted for the power plant. It says tests suggest it…
Trafford green hydrogen ‘hub’ to turn renewables into hydrogen fuel seeks planning permission
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Carlton Power subsidiary Trafford Green Hydrogen Ltd has applied for planning permission for a 200MW so-called ‘low-carbon hydrogen fuel hub’ at the Trafford Low Carbon Energy Park. Hydrogen will be produced using electrolysis, with power from a 20MW solar farm…
New mast connection cuts cost and time for solar farm installation
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Scottish and Southern Electricity Networks (SSEN) Distribution has enabled faster and cheaper installation of a 70MW solar farm at the former RAF Lyneham base in Wiltshire by using a technology that enabled it to connect directly to an existing tower.…
Ofgem has to push DNOs’ ED2 plans for EVs and low-carbon heat so they can go further and faster
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Electricity distribution network operators (DNOs) are preparing their networks to accommodate a big step up in electric vehicles and heat pumps during the upcoming five-year price review period (dubbed ED2). The numbers have been highlighted in their draft business plans.…