A wider range of investors are taking a stake in the battery storage industry, signalling a lower cost to finance, according to new figures from Mercom that also showed a hike in overall investments. Mercom found that total corporate funding…
Author Archive for New Power
A good idea a decade ago?
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Once again Kwasi Kwarteng MP talks up nuclear as “The only way we can get decarbonised firm power which isn’t intermittent …We will need a source of power that isn’t fluctuating, that isn’t dependent on the wind blowing and the…
£5k bonus for embedded generators who adjust plant ‘set points’ this quarter – and warning over May deadline for full subsidy
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Generators connected to the electricity network are urged to claim thousands of pounds in funding before Apil this year to help them carry out necessary work to boost network resilience. As well as being paid to make the change, a ‘fast…
Ørsted agrees investment on green hydrogen demo powered by offshore wind
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Ørsted has taken the final investment decision on the H2RES demonstration project at Avedøre Holme in Copenhagen, Denmark, which will combine offshore wind with hydrogen production. The H2RES project will investigate how to best combine an electrolyser with the fluctuating…
ALICE home assistant enters trials aimed at helping consumers go low carbon at low cost
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Amp X is set to trial an autonomous digital energy assistant in 50 Living Lab homes run by Energy Systems Catapult, aiming to help households to reduce the cost and carbon intensity of their energy and ultimately lead to peer-to-peer trading. The ‘behind-the-meter’ technology…
Flexitricity to trade EV smart charging flexibility into Balancing Mechanism using 10,000 vehicles on ev.energy platform
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Flexitricity and ev.energy have joined forces to use the flexibility of electric vehicle charging to register to help in short term management of the power system. The companies will use ev.energy’s smart EV charging platform, which can harness over 10,000 electric vehicles,…
Greencoat Renewables acquires two Irish wind farm projects from Statkraft
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Greencoat Renewables has acquired two planned Irish windfarms from Statkraft Ireland under a forward sale model for a combined value of €123 million. The deal comprises Cloghan (37.8MW) in County Offaly, and Taghart (25.2MW) in County Cavan. Statkraft Ireland will…
Conrad Energy signs new gas engine supply contract, plans delivery at three sites by end March
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Conrad Energy has signed contracts for the supply of containerised gas engines for two new peaking power plants in Wrexham and Bilston. This is in addition to a contract signed earlier in 2020 for a plant in Sittingbourne. Under the…
Octopus acquires wind turbines, offers low-priced power on windy days
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Octopus Energy has acquired its first two wind turbines and launched a time-of-use wind tariff. The two 500kW turbines are in Caerphilly, South Wales, and Market Weighton, Yorkshire. The Octopus Energy ‘Fan Club’ tariff will offer households living near the…
Britishvolt collaborates with Siemens to speed up construction of ‘giga’ battery factory
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UK battery company Britishvolt has entered into an exclusive technology collaboration agreement with Siemens. Britishvolt says its battery factory to be built in Blyth is the largest industrial investment North-East England since the 1980s. Construction is due to begin this…