SP Energy Networks (SPEN) has contracted power producer Conrad Energy to provide a reactive power service, the first time this has been done at a distribution level. The voltage on the electrical system is a core component of maintaining its…
Author Archive for New Power
UPDATED: Octopus REIT confirms plans to raise £100M for new renewables investment across Europe – issue raised to £150M
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Octopus Renewables Infrastructure Trust has exceeded its target in a new share offering and decided to increase the size of the Issue to approximately £150 million (from approximately £100 million). Chris Gaydon, Investment Director at Octopus Renewables, commented:”The team is…
Managing the grid balancing imperative in the energy transition
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Simon Courie, partner at UK law firm TLT, explores the new options available to helpmanage a grid that includes more renewables When the leaders of Canada, France, Germany, Italy, Japan, the UK and the US gathered for the G7 summit…
Partnership to develop hydrogen supplies to replace diesel on railways
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Plans to replace diesel with hydrogen fuel on the railway have moved closer, as railway rolling stock owner Eversholt Rail has entered into an agreement to develop hydrogen supply options with H2 Green, the hydrogen network operator. They want the…
European truckmakers join forces on electric charging network
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In a knock for the assumption that heavy duty trucks and other vehicles will require hydrogen fuel in future, three major commercial vehicle manufacturers – Volvo Group, Daimler Truck and the Traton Group – have announced plans for an electric…
HydrogenOne plans £250M fundraising for ‘clean hydrogen’ fund, INEOS to be major investor
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HydrogenOne Capital Growth Fund has announced plans to raise £250 million and list on the London Stock Exchange by the end of July. It plans to qualify for LSE’s Green Economy Mark at admission, which recognises companies that derive 50%…
Tilbury biomass power plant changes hands
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Fund manager Equitix and Greenvolt have taken ownership of Tilbury Green Power, an operational 41.6MW biomass power plant located in the Port of Tilbury, Essex. Greenvolt, which will own 51% of the plant, is owned by ALTRI, SGPS. Equitix funds…
NeuConnect confirms plans to start initial works this year
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NeuConnect has confirmed plans for financial close on its interconnector in September and the start of initial works later this year, with major construction works starting in 2022. The 1.4GW, 700km interconnector between the GB and German energy markets will…
Gresham House storage fund opens £100M fundraising to bring battery portfolio to 1.2GW
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Utility-scale battery owner Gresham House Energy Storage Fund has opened a new share offering to raise £100 million with the aim of bring its portfolio of batteries to 1.2GW by mid 2023. The offering closes on 7 July. The fund…
Gridserve to add 50 motorway fast charging sites with ten installed this year, and upgrade 150 ‘Electric Highway’ sites
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TPG’s global impact investing platform, The Rise Fund, has announced plans to invest in Gridserve alongside existing shareholder Hitachi, in a £100 million push to roll out EV charging across the UK> Gridserve has rebranded Ecotricity’s Electric Highway network, acquired…