Market stallholders in Pimlico, London, will get their power from repurposed EV charging technology installed in street bollards. The initiative by Westminster City Council and EV charging company Ubitricity was installed during extensive renovation of Tachbrook Street Market. WSP designed…
News
3i Infrastructure says Infinis returns were boosted by volatile power prices, sees more competition in ‘energy transition’ investment
by New Power • • 0 Comments
Infinis, 3i Infrastructure’s largest investment, was also its star performer last year, according to the infrastructure investor’s annual report. Although the early stages of the Covid-19 pandemic saw a fall in electricity demand of more than 10% in the UK,…
Siemens Gamesa to invest £42M in commercialising flow batteries with Infinity, takes option on a stake in the company
by New Power • • 0 Comments
Siemens is taking a stake in the long term battery storage industry, signing a joint development and commercialisation agreement with Invinity for the latter’s flow battery technology and taking options on a stake in the company. The agreement, between Invinity…
Mast reports on projects in a reserve power pipeline aiming to total 300MW
by New Power • • 0 Comments
Mast Energy Developments has set out its reserve power project pipelinefollowing its listing on 14 April. It is targeting 300MW of capacity and said it is engaging with developers and has access to sites totalling around 166MW. Among its target…
Aquila plans £150M float to fund energy efficiency upgrades for corporates, promising smart buildings, EV, PV and storage
by New Power • • 0 Comments
Aquila Energy Efficiency Trust has announced plans to raise £150M to invest in energy efficiency projects with corporates in the UK and Europe, via an initial public offering and listing on the London Stock Exchange. It plans to offer efficiency…
Mott MacDonald Ventures joins with Clean Growth Fund in Piclo investment
by New Power • • 0 Comments
Mott MacDonald Ventures is to take a stake in Piclo, the energy flexibility trading platform that connects buyers and sellers of energy. It has made an equity investment as part of a Series A £4.7M funding round the Clean Growth Fund (which…
Symbio Energy hit by £100k penalty, Ofgem says saga showed ‘serious weaknesses’ in Symbio’s financial management
by New Power • • 0 Comments
Supplier Symbio Energy will be fined £100,000 for repeated late payments under the feed-in tariff and Renewables obligation schemes, Ofgem has announced. The proposed penalty has been the subject of correspondence between the company and the regulator, not least because…
ACT NOW: Environmental Audit Committee calls for evidence on building a UK supply chain for EVs and their batteries
by New Power • • 0 Comments
The Environmental Audit Committee (EAC) has opened an inquiry into the supply chain for battery electric vehicles and asked for evidence from stakeholders.. It says a supply chain focused on battery technology and the associated power electronics, machines and drives…
ITM Power spins off ITM Motive: hydrogen fuelling company plans more filling stations for vehicle fleets
by New Power • • 0 Comments
Hydrogen vehicle refuelling company ITM Motive has been spun off as a separate, wholly owned subsidiary of its parent ITM Power. All English refuelling assets have been transferred to ITM Motive, which was set up as a division in 2020…
Foresight Solar Fund takes first battery storage stake alongside JLEN
by New Power • • 0 Comments
Foresight Solar Fund has acquired a 50% equity stake in Sandridge Battery Storage, which is developing a 50MW lithium-ion battery energy storage system in Melksham to be energised in October 2022. JLEN Environmental Assets Group will also acquire a 50% equity…