Engie, inspection and testing organisation Bureau Veritas and French research organisation CEA have announced the validation of smart contracts using blockchain. Engie said the smart contract solution had been developed by an internal startup company, The Energy Origin (TEO). It…
Author Archive for New Power
Do we have enough Electricity Margin Notices?
by New Power • • Comments Off
This winter we have had four Electricity Margin Notices (EMNs), alerts from the electricity system operator NGESO to warn the market that the system operator wants more power available. Why is this so rare? It might help if it happened more…
Zeigo hosts first PPA execution, seeks more solar and wind developers to join platform
by New Power • • Comments Off
Zeigo’s renewable energy procurement online platform has for the first time executed a power purchase agreement (PPA). It has secured a PPA with a major UK energy supplier for two solar farms in Devon that belong to UK investment fund…
Vehicle manufacturers: UK must build a battery industry by 2027 to compete in EV market
by New Power • • Comments Off
“Investment in UK’s electrified supply chain, including accelerated large-scale battery production, is now crucial for sector’s long-term competitiveness and success,” according to SMMT, the lobby group for auto manufacturers and traders. It warned that the UK must grow its battery manufacturing…
Call for London local energy projects to access £6M funding – ACT NOW register for briefing by 8 January
by New Power • • Comments Off
London local energy projects can tap into £6 million of funding from the Local Energy Accelerator (LEA). Interested parties can register by 8 January for a Q&A session on 11 January to find out more. LEA will deliver £6 million…
Ecotricity signs ten-year agreement to take power from Cornish geothermal plant
by New Power • • Comments Off
Ecotricity has agreed a 10-year Power Purchase Agreement (PPA) for power generated at the United Downs geothermal site. Geothermal Engineering’s deep geothermal plant is expected to go into operation in 2022. It won £6.5 million funding from renewable energy investment company…
SSEN calls on business customers to earn money by flexing usage – register interest by 31 January
by New Power • • Comments Off
Scottish and Southern Electricity Networks (SSEN) wants business customers to register an interest by the end of January in providing flexibility to the energy system over the next eight years. It says owners of low-carbon technologies, generators and solutions that…
Orsted wins consent for Hornsea Three offshore wind farm, overriding bird life concerns
by New Power • • Comments Off
The Secretary of State has granted development consent to Orsted’s Hornsea Three offshore wind farm. A report from the planning inspectorate was initially passed to BEIS in July 2019 but the statutory date by which a decision was required was…
ITM’s hydrogen ‘Gigafactory’ moves into manufacturing operation – read our interview
by New Power • • Comments Off
ITM Power has announced that fit out of its 1GW/yr ‘Gigafactory’ at Bessemer Park has now reached ‘Practical Completion’ – contractors have handed the completed building and manufacturing can begin- having suffered only a minor delay from the Covid-19 pandemic. ITM…
Six industrial zones share £8M funding to develop plans to reach Net Zero by 2040
by New Power • • Comments Off
Six industrial zones across the UK will share £8 million in government funding to produce detailed plans for reducing emissions across major areas of industrial activity. The Industrial Clusters Mission aims to deliver four low-carbon regional zones by 2030 and…