Four authorised service providers for wind turbine manufacturer Endurance, which went into administration in December following the collapse of its Canadian parent company, have joined forces provide spare parts for owners. The four businesses, which between them manage over 76%…
Author Archive for New Power
Local authorities must be aware of ongoing cost of electric vehicle charge points, warns InstaVolt chief
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Councils who bid for government grants to install electric vehicle charging points must be aware of the ‘sting in the tail’ of ongoing management costs, warns InstaVolt chief executive Tim Payne. In a wide ranging interview on electric vehicles with…
Moyle interconnector at half power after subsea fault
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The Moyle Interconnector, the 500MW electrical link between Northern Ireland and Scotland, is operating at a reduced capacity of 250MW. The fault occurred on Saturday 18 February when one cable tripped. Initial investigation has indicated that there is a cable…
OPINION: Please come back bankers, all is forgiven – we need wholesale market liquidity
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Dominic Whittome, consultant and ex-energy trader, regrets the loss of banks and other third parties from commodities and power trading In November the Financial Times reported that Barclays was winding down its energy – largely oil and gas – trading business,…
Horizon builds team to deliver new nuclear at Wylfa
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Horizon Nuclear Power has called on US nuclear utility Exelon to provide expertise as it develops its plans to build a new nuclear plant, Wylfa Nywedd, in Wales. Horizon is planning to apply for a site licence for the project.…
Toshiba delays results to investigate ‘inappropriate pressure’ over nuclear deal
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Toshiba, parent of the company planning to build a new nuclear plant at Moorside in Cumbria, has announced a $6.3 billion write-down for its US nuclear subsidiary Westinghouse. Reuters said that would “wipe out its shareholder equity and will drag…
Ovo acquires smart energy management company Vcharge
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OVO has acquired US energy technology company Vcharge. The US company’s technology uses algorithms to balance grid requirements with individual user requirements. The first application of the pioneering technology controls electric storage heating in social housing to better manage resident…
OPINION: Tidal power can help cut carbon emissions
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Andrew Crossland, energy storage specialist and blogger at MyGrid, says we should invest in tidal lagoons to increase the diversity of our energy supplies and reduce our carbon emissions The UK is committed to carbon reduction in all sectors of…
Energy suppliers: do they need more oversight?
by New Power • • 1 Comment
Specialist management consultancy Baringa Partners has added its voice to companies supporting financial checks and ‘stress tests’ for energy suppliers. Ryan Thomson, partner at Baringa, said: “The energy market will struggle to support more than 50 active suppliers sustainably over…
Street lights converted to EV charging points
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Three street lights in London’s Royal Borough of Kensington and Chelsea have been converted into electric vehicle (EV) charge points in the start of a trial with UK Power Networks and Ubitricity. The installation allows two local residents to charge…