Small suppliers Gnergy and Better Energy have ceased trading. Nottingham-based Better Energy was one of nine companies in breach of the requirement to be Data Communications Company (DCC) users. It gave up its supply licence in February and went into administration…
News
Westminster City Council plans to hit 1000 EV charging points within a year
by New Power • • 1 Comment
Motorists currently believe there are only 100 to 200 electric vehicle charging points in London and almost a third believed there were no EV charging points near their home or workplace, according to Westminster City Council, Siemens and Ubictricity, which…
Global coal financing falls as LNG infrastructure rises
by New Power • • Comments Off
Global financial support for the fossil fuel industry has been increasing since 2015, when the Paris Agreement was adopted, environmental organisations say. Banking on Climate Change 2020, released by Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International,…
Domestic supply customers fall, FIT customers rise at Good Energy
by New Power • • Comments Off
Good Energy saw its domestic supply customers fall by 8% in 2019, according to preliminary results for the year to 31 December. However, that loss was outweighed by a surge in feed-in tariff installations in advance of the scheme closing in…
Dutch battery project reaches crowdfunding target
by New Power • • Comments Off
Dutch company Giga Storage has successfully raised €3.7 million via crowdfunding site DuurzaamInvesteren to fund construction of a 12MW battery – the largest in The Netherlands. The battery, dubbed ‘Giga Rhino’ will be installed in 2020 at the Wageningen University &…
Triodos loan to fund Pod Point EV chargers at 600 Tesco stores
by New Power • • Comments Off
Pod Point is to supply, operate and maintained hundreds of EV charging points at Tesco stores. The expansion will be supported with a loan from Triodos Bank UK and funding from Volkswagen. The debt facility will support installation of EV charge points…
RedT and Avalon merge as Invinity in bid to create ‘world leader’ in flow batteries
by New Power • • Comments Off
UK-based RedT energy and US-based Avalon Battery Corporation are to merge with the aim of becoming a world leader in vanadium flow batteries.The new company will be known as Invinity Energy Systems (Invinity). Vanadium flow batteries supply heavy-duty, stationary energy storage, and…
UK Power Networks seeks feedback and ideas in new plan for low-carbon heat
by New Power • • Comments Off
UK Power Networks has outlined plans to plans to help reduce the carbon impact of heating and asks for ideas and comment. Heat accounts for over a third of total UK CO2 emissions. UK Power Networks is now consulting on…
Good Energy and Engenie combine to offer ‘blended’ fast and slow EV charging options
by New Power • • Comments Off
Good Energy and EV charging network specialists Engenie have formed a partnership to support new business opportunities in the fast‐moving electric vehicle market. Data from Zap‐Map, the app partly owned by Good Energy, shows that the number of public charge…
Moody’s downgrades Centrica rating
by New Power • • Comments Off
Rating agency Moody’s has downgraded ratings of Centrica’s debt. In a note it said that British Gas’s owner had seen profit fall by 35% in 2019, due to the default tariff cap, low wholesale gas prices and nuclear outages. While…