Trading specialist OpenLink has launched a cloud-based platform for trading, treasury and risk management.OpenLink said the system was developed with 50 of its largest and most sophisticated energy and financial services clients. Customers will have immediate access to OpenLink’s dynamic…
Author Archive for New Power
Wartsila acquires energy management company, expecting storage to grow ‘exponentially’
by New Power • • Comments Off
Wartsila is to acquire storage company Greensmith Energy Management Systems. Wartsila says the acquisition will “to expand its footprint in the energy storage market and position itself as a leading global energy systems integrator.” Greensmith’s energy management software system, GEMS,…
UK renewables: expect mergers and acquisitions, says investor Foresight
by New Power • • Comments Off
There will be major consolidation in the renewables sector in the UK over the next couple of years, according to Dan Wells, a partner in the infrastructure team at investment managers Foresight. Developers and EPC contractors have held projects on their…
Energy companies join to develop sector blockchain
by New Power • • Comments Off
Ten energy sector companies have set up a ‘not for profit’ foundation, Energy Web Foundation, to extend the use of blockchain technologies in the energy sector. The companies – Centrica, Elia, Engie, Sempra, Shell, SP Group, Statoil, Stedin, Tokyo Electric…
Flipper adds Google Home link to auto-switching service
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Auto-switching company Flipper has integrated Google Home into its switching service. The company claims to be the first to enable consumers to switch using Google’s voice-activated home assistant, which also gives users voice control of smart energy devices in the…
Scottish low-carbon projects win £43 million in funding
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The Scottish Government has announced £43 million in grants to 13 low carbon infrastructure projects via the Low Carbon Infrastructure Transition Programme (LCITP). The projects include: Glenrothes Next Generation Heat. The project aims to find district heat customers for RWEs…
Good Energy launches bond to raise £10 million to expand into storage and electric vehicles
by New Power • • Comments Off
Good Energy has launched its second corporate bond. It wants to raise £10 million (with an over-subscription maximum of £20 million). Its first bond was launched in 2013. The new bond will have an initial four-year term and investment can…
Demand Turn-Up: has procuring less than planned “killed it before it got going”?
by New Power • • Comments Off
Demand Turn-Up has been “killed before it got going”, an industry member told New Power after the results of National Grid’s fixed tender for the service were announced. In the tender, 138.6MW of fixed volume was accepted from tenders totalling…
Industry code bodies – download our quick guide
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Download our quick guide to industry codes and code administrators: Code bodies – a summary Join the debate: Code adminstrators facing major industry change call on Ofgem for leadership For industry codes, form should follow function and the customer comes…
Gas engines ‘could be transplanted overseas’ despite Capacity Market penalties if Triad benefits are not grandfathered
by New Power • • Comments Off
So-called car-park generators could walk away from capacity market (CM) contracts if regulator Ofgem goes ahead with plans to cut Triad payments – and that could include dismantling and exporting plants that have already been built, New Power has been…