Another day, another industry meeting. First on the agenda: innovation. The industry needs fresh ideas. It has to break the mould. There are new technologies, new services, new offers out there that could make our system better, serve customers and…
Author Archive for New Power
Simec acquires Green Highland Renewables
by New Power • • Comments Off
Ancala Partners has sold its hydro power business, Green Highland Renewables to Simec, the energy arm of the global energy, metals and industrials group, the GFG Alliance. The transaction is unconditional and is scheduled to complete before the end of…
MPs call on CMA to probe SSE/Npower retail merger
by New Power • • Comments Off
MPs on the Select Committee on Business, Energy and Industrial Strategy (BEIS) have called on the Competition and Markets Authority (CMA) to scrutinise the proposed merger between SSE and Npower’s retail arms. The committee wants the CMA to carry out a…
Batteries will be derated in Capacity Market auction, BEIS confirms
by New Power • • Comments Off
The government is to go ahead with plans to derate electricity storage facilities that provide power for less than four hours: the change will apply in the forthcoming Capacity Market auctions for 2021/22 and 2018/19. Some 6GW of storage has…
Electron warns: Ofgem’s CSS procurement is closing off innovation
by New Power • • Comments Off
Blockchain energy systems developer Electron has warned Ofgem that its approach to procuring a Central Switching Service (CSS) is short sighted. In an open letter, the company warned that Ofgem’s approach is “limited in scope”, would perpetuate longstanding industry issues…
Good Energy to install battery at Eden Project
by New Power • • Comments Off
Good Energy has announced its first battery service solution – a new direction for the green energy company – at the Eden Project in Cornwall. Eden’s new battery, due to be installed in summer 2018, will have five 50kW ‘fridge-sized’…
Greencoat picks up more solar projects
by New Power • • Comments Off
BayWa r.e. has sold its remaining portfolio of UK solar farms, totalling 75MW, to Greencoat Solar II LP, managed by Greencoat Capital. The portfolio includes includes six solar farms spread across England and Wales totalling 30MW, and the 45MW Bann Road solar…
From New Power Report: what is a blockchain and what are the energy applications?
by New Power • • Comments Off
In the March 2017 issue of New Power Report Janet Wood looked at how blockchains are becoming a reality in the electricity sector Anyone attending power industry conferences and meetings in the past couple of years has heard that blockchains have the potential to transform the…
Launch of Ventient Energy brings new player to onshore wind sector
by New Power • • Comments Off
Ventient Energy launches today. It is the UK’s third largest generator of onshore wind energy, and the largest non-utility owner of onshore wind. The company is seeking growth: chief executive Scott Mackenzie said, “The UK onshore wind market is fragmented, and Ventient Energy…
Pensions investments tilting towards low-carbon
by New Power • • Comments Off
The 2015 COP Paris climate conference was a “game changer” and more global pension funds are pricing climate risk into their portfolios, according to a new survey by Create Research. It found that among the funds, “impact investing – the…