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…
News
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…
ACT NOW: north east energy innovators invited to pitch for business and financial support
by New Power • • Comments Off
The North East Energy Catalyst is launching an Energy Innovation Challenge that could see SMEs secure up to £20,000 of investment and an additional £20,000 funding towards the development and commercialisation of their ideas, as well as business support to help…
Budget 2020: chancellor claims government ‘is raising its ambition to decarbonise the economy’
by New Power • • Comments Off
“Reducing carbon emissions and enhancing the environment are major government priorities,” according to Chancellor Rishi Sunak MP, who told MPs in his Budget statement that government wanted to “Create the high-skill high-wage low-carbon jobs of the future”. He wanted to, “Raise…
Budget 2020: the industry responds
by New Power • • Comments Off
Lord Deben, chair, Climate Change Committee: “This a realistic start. Obviously we will have to wait for the Infrastructure Strategy to see it all in the round. I am particularly pleased to see the Chancellor’s support for carbon capture and storage…
CMA wants to act faster on competition failings, to restore confidence in markets
by Annabel Andrews • • Comments Off
“The existing [competition and markets] framework, in the years ahead, just won’t do. It has to be substantially improved”. That was the summation from Andrew Tyrie, chair of the Competition and Markets Authority (CMA), at a recent Policy Exchange debate…
Ofgem seeks views on extending the price cap for pre-payment customers
by New Power • • Comments Off
Energy customers on pre-payment meters are still on a raw deal for energy supply because technical barriers continue to constrain competition and choice, according to Ofgem. A Competition and Markets Authority review last year also found that the conditions of competition…
Work starts near Braintree on Gridserve’s first 24-charger ‘Electric Forecourt’
by New Power • • Comments Off
Gridserve has begun construction of an ‘Electric Forecourt’ near Braintree, Essex. The project was granted an electricity generation licence last week. It will have capacity to charge 24 electric vehicles at once, with chargers rated at 350kW that allow a…