The government has opened a £5 million call for tenders, looking for technologies which will enable the commercialisation and deployment of Hydrogen biomass energy with carbon capture and storage (BECCS) at scale. BEIS says the programme is looking for innovation…
Author Archive for New Power
INTERVIEW: Jim Hall, vice president, ICE, on whether we can deliver the Net Zero infrastructure we need
by New Power • • Comments Off
Can we deliver the infrastructure we need to reach Net Zero? Janet Wood talks to ICE vice president Jim Hall about where the gaps are in delivery If the UK is going to be a Net Zero society by 2050…
Industry welcomes BEIS promise of annual CfD auctions
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From March 2023, allocation rounds for Contracts for Difference (CfDs) for new renewable generation will be every year, instead of every two years, BEIS has announced. CfDs are 15-year private law contracts between electricity generators and the government-owned Low Carbon…
SSE promises higher returns despite lower renewables and thermal generation
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In its half-year presentation in November SSE hailed its thermal plant portfolio as improving group earnings stability via capacity contracts, and providing a “natural hedge” against lower wind output or higher prices. That proved true in the nine months to…
Thrive starts work on Bristol battery
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Thrive Renewables has signed construction contracts for a 20MW battery in Bristol. The Feeder Rd project was acquired from developer Aura Power, and Thrive has also been working with renewables consultancy, Everoze, which is acting as a technical advisor on…
Glasgow Airport plans solar farm and electric vehicle charging
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Glasgow Airport has announced plans for a 30acre ground-mounted solar farm on its site. The c.15MW solar farm is already in the early stages of development and is expected to be operational by summer 2023, subject to planning approval. It…
Report: energy M&A activity up as traditional players seek footholds in the energy transition
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There was a “bumper crop” of energy sector mergers and acquisitions (M&A) in Europe in 2021, notably in the power and transmission subsector, according to a new survey by law firm CMS. The report suggested that the coming year is…
Energy price cap rise: the industry responds
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The government has announced support measures to help ease the effect of a huge 54% increase in energy bills, after Ofgem raised the price cap by £693 to £1,971 from April. Prepayment customers will see their cap rise from£1,309 to…
Survey: suppliers expected to provide financing for clean energy devices in future and fear tech sector competition
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Energy suppliers think that within five years they will be offering their customers product and service packages that include mobility, flexibility services and funding for site-based products such as rooftop PV and batteries. And suppliers will be more likely to…
Income investor aims to boost renewables holdings
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Alpha Real Capital has highlighted its growing investment in renewables with £250 million in new investment in 2021, plans for a new fund in 2022 and new hires. The manager of ‘secure income’ assets said nine transactions last year brought…