The energy industry has to be ready to fail, says Electralink chief executive Stuart Lacey. In a wide-ranging interview with New Power, he said innovation doesn’t come from a process of building consensus, it comes from lots of trying and failing: “Some…
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ITM Power, Ørsted and Element Energy win BEIS grant aimed at cutting the cost of ‘green’ hydrogen
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ITM Power, Ørsted and Element Energy have won funding of £499,905 from BEIS for a feasibility study for ‘Gigastack’, aimed at demonstrating the production of bulk zero-carbon hydrogen. The project aims to dramatically reduce the cost of electrolytic hydrogen, using gigawatt-scale polymer electrolyte…
Octopus Energy to take on supply for Co-Op Energy customers
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‘Mid tier’ energy suppliers Octopus Energy and Co-operative Energy have formed a ‘strategic energy partnership’. The deal follows speculation over whether Octopus Energy would acquire Co-Operative Energy but the deal is more complex and retains the Co-Operative’s utility supply link.…
Domestic PV portfolios refinanced
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Legal & General has provided £57.5 million of long-term debt financing to support Hermes Infrastructure in recapitalising two solar photovoltaic portfolios in England and Wales. The two portfolios consist of fully operational solar PV systems installed on the roofs of more…
Plutus plans to move from diesel to gas peaking plant
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Plutus PowerGen has entered into a collaboration agreement for equity funding for new gas peaking plants. Plutus and the counterparty intend to work together to develop and fund four projects totalling 80MW. A further 160MW of gas peaking plants may follow…
Seven offshore wind farms set for extensions
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The Crown Estate (TCE) has confirmed that 2.85GW of new offshore wind capacity, adding to seven existing seven projects, will now progress to the award of rights. A further project has not been taken forward. The seven extensions are at:…
Orbital wins Saltire funding to install 2MW tidal turbine
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The Scottish Government has made the first award from its £10 million Saltire Tidal Energy Challenge Fund: £3.4 million has been awarded to help Orbital Marine Power install its O2 floating tidal energy turbine. The 72m long turbine, capable of generating more than…
Grimsby’s offshore wind industry highlighted
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Wind energy developer Ørsted has published a video – Grimsby: Turning the Tide – focusing on how the offshore wind industry has affected Grimsby. It aims to show the positives for the town and its people that have come along with offshore…
Solar array powers railway signalling
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A solar array near Aldershot, Hampshire, is the first in the world to be connected to directly supply electricity to an adjacent railway line. The 30kWp solar test unit is connected to an ancillary transformer on Network Rail’s Wessex Route’s…
Call for action: using UK’s AI expertise in the energy sector can help reduce carbon and open markets, say representatives
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Government should support the UK’s new artifical intelligence (AI) industry as a growth industry for the UK and an opportunity to switch to low-carbon energy, by setting up an International Centre for AI, Energy and Cimate, and removing barriers…