Foresight Group is launching a Smart Bonds Fund to invest in the UK roll-out of smart meters. The funds raised will generate returns by lending to companies that own, operate and rent installed smart meters to UK energy suppliers. Investors…
Author Archive for New Power
Lords committee to consider energy security implications of Brexit
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A House of Lords select committee has launched an inquiry into the implications of Brexit for energy security in the UK. The EU Energy and Environment Sub-Committee said UK and the EU have common energy needs, and rely on common…
Siemens and AES join to launch global storage company
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Siemens and AES have agreed to form a global energy storage technology and services company under the name Fluence. It will combine the AES Advancion and Siemens Siestorage energy storage platforms. Siemens and AES will each hold 50% of the…
Future Energy Scenarios: National Grid retires ‘Gone Green’ option
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National Grid is no longer using ‘Gone Green’ as one of the four ‘Future Energy Scenarios’ it uses in long term planning for the network. It has changed to a scenario, named ‘Two Degrees’, that meets the UK’s 2050 carbon…
An electric vehicle charging point could be a real convenience
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We love convenience stores – McColls, Budgens, Best-In, Spar, KeyStore, Costcutter and many more. This is where many of us are regularly doing local shopping, browsing the magazines and newspapers, and generally spending 20 minutes of our time. Even in…
Ofgem investigates British Gas over switching
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Ofgem has acted on concerns raised by consumer affairs website Money Saving Expert, and opened an investigation into British Gas over switching. The regulator is investigating whether British Gas failed in its obligations to customers, including the requirement to waive…
Volvo: no new car models without electric motors from 2019
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Volvo Cars has announced that every new car it launches from 2019 will have an electric motor. The company said this marks “the historic end of cars that only have an internal combustion engine and places electrification at the core…
Ofgem to consult on extending price caps to some vulnerable customers
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Ofgem revealed plans today that will extend price caps to vulnerable customers and prompt more customers to switch. Some of the measures had been in train following remedies required by the Competition and Markets Authority, while government pledges to protect…
Time to wake up, for energy companies who still think they are in a cosy government-led club
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Hearing presentations at Powergen Europe this week makes it clearer than ever that the old power industry has to change. The industry is enthusiastically behind a new interest in electrification of transport and heat, which is necessary if we are…
Upgrade at RWE’s Great Yarmouth plant will increase flexibility and output
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RWE has announced plans for an upgrade at its Great Yarmouth power station in Norfolk, that will increase efficiency by 2% and output by 6% (21MW). The upgrade will also allow the plant to operate more flexibly and increase its…