Cyber security has become more important as a global risk, according to the annual Global Risks Report produced by the World Economic Forum with Marsh&Mclennan and ZurI hope Insurance. It was a standout risk and likely to become still more…
Author Archive for New Power
Innovate UK funding aims for lower-loss cables
by New Power • • 1 Comment
Eland Cables, Enertechnos, Brunel University and The Welding Institute have combined in a project to reduce cable losses. The project is supported by a £1 million Innovate UK grant. The new ‘long linear capacitor’ cable technology is dubbed the Capacitive Transfer System…
UKPN to launch flexibility marketplace with Open Utility
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UK Power Networks and Open Utility are planning to develop and an online marketplace for local flexibility. The service is planned to launch in spring 2018, at which point flexibility providers will be able to register their assets and start to…
Carillion liquidation: three National Grid projects call on contingency plans
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Infrastructure and services giant Carillion has gone into liquidation after talks with its lenders failed to answer funding questions. Carillion works across the energy sector. In facilities management, its energy services arm provides funding for energy efficiency programmes as well as…
Small generators in the southeast wanted for reactive power market trial
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National Grid and UK Power Networks are recruiting distribution-connected generators to trial a new market in reactive power. Traditionally reactive power was managed on the transmission network, by National Grid. But with more power assets connecting to the distribution network,…
New CCGT planned for Ferrybridge
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SSE has announced plans for a new CCGT at the Ferrybridge site in Yorkshire. The new plant will be known as Ferrybridge ‘D’ and will have a generating capacity of up to 2,000MW. SSE owned and operated the coal-fired Ferrybridge ‘C’ power…
Ofgem confirms ‘cap and floor’ guarantee for 4.2GW of interconnections – but Brexit raises concern
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Ofgem has confirmed it will guarantee returns for investors in three new Interconnector projects totalling 4.2GW. The three - GridLink (to France), NeuConnect (to Germany) and NorthConnect (to Norway) – will all be able to operate under a ‘cap and floor’…
Iona Capital: corporate power buyers are key to new green projects
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A good corporate buyer taking the power from a renewable energy project is becoming more important than government support, according to Nick Ross, director at Iona Capital. In an exclusive interview with New Power Report, Ross, whose company directs pension fund investment…
E.On confirms sale of Uniper stake to Fortum
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E.On has confirmed it will sell its 46.65% stake in spin-off Uniper to Fortum for €22 per share. The voluntary takeover offer was made on 7 November. When Uniper was spun off from E.On in 2016. 53.35 percent of Uniper stock…
OPINION: Legislating for a future with electric vehicles
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An increase in electric vehicle ownership in the UK is becoming inevitable. Simon Sjenitzer, director – energy & climate change business development at WYG, asks: can legislation help our infrastructure cope? Britain is investing more than £1.2 billion in electric and…