Pod Point is set to float up to half of its electric vehicle (EV) charging company, with owner EDF expecting to maintain a stake of more than 50%. Announcing that it was considering a float the company said it was…
Author Archive for New Power
Trust plans IPO to raise £230M to fund 1GW of battery storage
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Harmony Energy Income Trust is raising money to invest in 1GW of ‘shovel ready’ battery projects in Great Britain, in a £230 million share offering. It expects to acquire projects at a cost of £750,000/MW, whose value will rise to…
Uskmouth conversion to waste burning delayed as Welsh Government calls in application
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The Welsh Government has called in an application to convert Uskmouth power station to burn waste pellets submitted by SIMEC Atlantis Energy Limited (SAE). Previously Natural Resources Wales (NRW) was leading the determination. SAE believes that NRW was minded to…
Conservative Party under pressure from business to deliver Net Zero policy – and devolve action locally
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Andrea Leadsom MP famously asked whether climate change was real when she was appointed energy minister in 2015, and said “we have enough wind farms”. This year at the Conservative Party conference she put that question firmly to bed, describing…
Good neighbours – and HVDC – could help manage energy droughts in future
by New Power • • 1 Comment
The search for power supplies that will provide solutions to still, cold weather periods that leave the GB market short of supply at the same time as its neighbours, has driven more interest in gas storage and in a ‘further,…
Industry process to be re-examined after new rise means credit requirements for energy companies have doubled over October
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Energy companies struggling to manage their finances are set to be hit again at the start of November when they are called on to post more cover to back the rising cost of energy – and the credit calculation process…
Ofgem investigating whether two companies took advantage of network constraint payments
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Regulator Ofgem has opened an investigation into the behaviour of two electricity generating companies asked by the system operator to accept bids to reduce generation to help manage transmission constraints. The Electricity System Operator manages transmission constraints by instructing generators…
Could electric vehicles support the Capacity Market? BEIS asks for evidence on progress
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BEIS wants to know whether new generating technologies have emerged in the last year that could participate in future Capacity Market auctions. In its annual consultation, it asks specifically whether and how electric vehicles connected to the grid could access…
Environmental Audit Commitee opens inquiry into carbon capture technologies with potential for negative emissions
by New Power • • 1 Comment
The Environmental Audit Committee (EAC) wants evidence for its new inquiry into negative emissions technologies. It says the government has previously indicated that negative emissions technologies will play a role in meeting Net Zero, with a specific focus around using…
Ofgem names five suppliers together owing £7M in renewables payments, warns they could lose supply licences
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Ofgem is set to issue five suppliers with final orders to compel them to make £7 million in outstanding payments to comply with the Renewable Obligations (RO). The suppliers are • Ampoweruk , owing £3,590,236 • Whoop Energy, owing £56,306…