Author Archive for New Power

Vehicle-to-grid projects share £30 million funding

The government has announced funding of £30 million to be shared by 21 projects investigating ‘vehicle to grid’ applications for electricity storage. The Department for Transport said the schemes will demonstrate how energy stored in electric vehicle batteries could be borrowed…

OPINION: Companies must stay alert on cybersecurity

This year the World Economic Forum’s annual Global Risks Report named cybersecurity as the biggest single risk. New Power asked the European Network for Cyber Security’s Michael John how energy companies are responding   How do you see cybersecurity threats evolving?…

T-4 Capacity Market auction clears at £8.40

The T-4 Capacity Market auction for 2021/22 has cleared at £8.40, the lowest figure yet. Some 74GW entered the bidding to provide 50.5GW in the delivery year. In total 439 capacity market units will be awarded Capacity Agreements, from 129 companies. The auction…

AD consolidation as Biogen acquires Tamar Energy

Biogen has acquired Tamar Energy, one of the largest anaerobic digestion (AD) owners and operators in the UK, for an undisclosed sum. A number of Tamar Energy’s existing shareholders have rolled-over their investment into the combined group. The combined group…

GE and Arenko combine for grid-scale batteries

GE and Arenko Group have announced a strategic alliance to build grid scale energy storage systems in the UK. Arenko has invested in a 41MW battery supplied by GE, sited in the Midlands, which  will commence operations in 2018.  Mirko…

T-1 Capacity Market auction clears at £6

The first T-1 Capacity Market auction, for delivery next winter, cleared in the 14th round of bidding at £6/kW per year. Some 10663.717MW of de-rated capacity joined the auction at its start and the aggregate capacity that won agreements was 5,782.892MW.…