Scottish Enterprise has awarded Aggreko UK a £1.5 million research and development (R&D) grant for three projects, which will see the company invest £33 million in its Dumbarton facility and create 23 new jobs. The three projects being supported by…
Author Archive for New Power
SSE Airtricity takes stake in PV installer
by New Power • • Comments Off
SSE Airtricity is to acquire 40% of Activ8 Solar Energies, a supplier of rooftop solar systems to home and business customers. The acquisition is subject to approval by the Competition and Consumer Protection Commission. Under the terms of the agreement SSE…
Women in power: abstracts from interviews published in New Power Report
by New Power • • 1 Comment
Pamela Taylor, Partner, Innovation Link, Ofgem Pamela Taylor is at Ofgem’s “grid edge”. She runs the regulator’s Innovation Link, a service for innovators that gives them feedback on energy and power ideas. It also gives them space to pilot projects in…
Get ready for the rollercoaster
by New Power • • Comments Off
New Power’s April issue takes a look at some of the investor money moving into the energy industry. It throws up some interesting structural changes and some clear trends for the future. The message? Hold on tight, things are going…
TotoEnergy passes prepayment customers to Utilita Energy
by New Power • • 1 Comment
Utilita is to acquire 16,000 prepayment customers from small supplier Toto Energy. The customers will be transferred on 10 April and Utilita has promised to honour customers’ current tariffs – including unit rate and standing charge – until at least 30…
Mitsubishi picks up a third of Moray East wind farm
by New Power • • Comments Off
Mitsubishi has announced it will acquire 33.4% of shares in Moray Offshore Windfarm (East) Limited, through its wholly owned UK-based subsidiary Diamond Generating Europe (DGE), with EDP Renewables, a renewable energy company from Spain. Moray East is due to begin…
New auto-switching company Labrador says ‘customers should know smart meter data puts them in control’
by New Power • • Comments Off
Auto-switching company Labrador has announced backing from the Daily Mail and General Trust plc (DMGT) which is backing the company with a hybrid package of £500,000 in cash and media investment, in exchange for a subscription of ordinary shares. Speaking to New Power…
Onshore wind: an industry for a post-Brexit UK?
by New Power • • 1 Comment
New Power’s March issue explored whether the UK onshore wind industry could punch above its weight in a growing global market. The key was a pipeline of domestic projects. Giving evidence to the Lords Economic Affairs Committee in February,…
Take ACER survey: what is the value of electricity?
by New Power • • Comments Off
The Europe-wide Agency for the Co-operation of Energy Regulators (ACER) is carrying out research on how domestic and business customers value electricity supply. The organisation has invited users to take a 7-8 minutes survey that will help it make informed decisions…
UK will remain in EU ETS until 2020, minister confirms
by New Power • • Comments Off
Energy and clean growth minister Claire Perry MP has confirmed that the UK will seek to participate in the EU Emissions Trading Scheme (EU ETS) at least until the end of Phase 3 in 2020. Giving evidence to the House…