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…
Author Archive for New Power
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…
OPINION: swimming against government policy is not easy for hydropower
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Hydropower can benefit the environment and gives communities a positive view of renewables, argues Barn Power’s Mark Simon – it is worth continued investment There are 29,000 industrial weirs in England, of which about 1,000 are suitable for small-scale hydropower,…
Toshiba sells Westinghouse nuclear plant unit to Brookfield
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Toshiba has sold Westinghouse Electric Company, the nuclear company whose plant design is intended for construction in Moorside, Cumbria, to Canadian asset manager Brookfield for $4.6 billion. Westinghouse’s US reactor company is currently in bankruptcy protection after it was hit…
Restructuring for RWE, cost cutting for offshoot Innogy
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RWE has started the new year with a new setup in its generation business. “We want to reposition our portfolio effectively in a changing market environment. This is why we decided last year to make our electricity generation companies more…
Will energy customers be in the industry’s driving seat in future? Get your view heard
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Will energy customers take control of the industry in future? The British Institute of Energy Economics (BIEE) is looking at the role of customers in the energy sector in a forthcoming conference and it wants contributions from a wide range…
Capacity Market auction targets slimmed
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Targets for capacity to be procured in the upcoming Capacity Market auctions have fallen slightly. Capacity to be procured for next winter (in the T-1 auction) has been cut by 1.1GW to 4.9GW. Capacity in the T-4 auction has been…
Upside Energy wins investment for cloud-based flex platform
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Legal & General Capital and Systemiq have announced an investment in Upside Energy, a Manchester-based company that has developed a cloud platform that uses advanced algorithms and artificial intelligence to co-ordinate connected devices to deliver flexibility services to the energy system.…
Shell to acquire First Utility
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Shell is to buy 100% of First Utility, subject to regulatory and other approvals. The deal is expected to complete in early 2018. Shell said its energy supply, trading and marketing expertise, combined with First Utility’s experience, will enable First…
Nord Pool seeks GB flex providers to help develop flexibility market platform
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Power exchange Nord Pool has joined with Norwegian energy company Agder Energi to jointly develop a new marketplace capable of exploiting decentralised flexibility. Now Nord Pool says it has “ambitions to have a pilot in the GB as soon as…