Pensana Rare Earths has announced plans to build the UK’s first rare earth processing facility at Saltend Chemicals Park in the Humber Local Enterprise Partnership. The company has submitted a planning application for the $125M facility, the FT has reported.…
News
Eelpower finds Swiss infrastructure fund backer to build battery storage at scale, aims at 1GW
by New Power • • Comments Off
Eelpower has sold 40MW of existing electricity storage assets to SUSI Infrastructure Partners and won funding from to construct and operate a pipeline of new build battery storage assets that could reach 1GW The first stage of the partnership will see…
Brexit TCA dashes hopes of £15M annual saving on electricity balancing costs – NGESO seeks feedback on the way forward
by New Power • • Comments Off
The UK’s exit from the EU has shut the GB electricity market out of sharing arrangements for backup power that the UK’s system operator estimates would cut GB balancing costs by €17M (£15.4M) a year. Now NGESO is seeking industry…
Anesco and Gresham House join forces for £100M solar farm rollout
by New Power • • Comments Off
Anesco and Gresham House are embarking on a £100M solar rollout that is expected to see 200MW of ground-mounted projects installed over the next three years. Asset manager Gresham House will fund the portfolio, which will comprise sites ranging in size…
Gulf steps into e-mobility space as it joins Clean Growth Fund with £6M stake in Indra smart EV charge company
by New Power • • Comments Off
Gulf Oil International has moved into the e-mobility sector, investing alongside UK venture capital fund, the Clean Growth Fund, in smart EV company Indra. The two will inject £6million of investment into Worcestershire-based Indra, which manufactures a range of smart…
ACT NOW: recruitment starts for ten community energy ‘mentors’, to help kick start more projects
by New Power • • Comments Off
CSE, Power to change and Cooperatives UK want to stop community energy groups ‘reinventing the wheel’ and are recruiting up to ten mentors to help groups. The aim is to speed up the learning process, create successful and replicable projects,…
Battery storage investor pool grows, signalling cheaper finance
by New Power • • Comments Off
A wider range of investors are taking a stake in the battery storage industry, signalling a lower cost to finance, according to new figures from Mercom that also showed a hike in overall investments. Mercom found that total corporate funding…
£5k bonus for embedded generators who adjust plant ‘set points’ this quarter – and warning over May deadline for full subsidy
by New Power • • Comments Off
Generators connected to the electricity network are urged to claim thousands of pounds in funding before Apil this year to help them carry out necessary work to boost network resilience. As well as being paid to make the change, a ‘fast…
Ørsted agrees investment on green hydrogen demo powered by offshore wind
by New Power • • Comments Off
Ørsted has taken the final investment decision on the H2RES demonstration project at Avedøre Holme in Copenhagen, Denmark, which will combine offshore wind with hydrogen production. The H2RES project will investigate how to best combine an electrolyser with the fluctuating…
ALICE home assistant enters trials aimed at helping consumers go low carbon at low cost
by New Power • • Comments Off
Amp X is set to trial an autonomous digital energy assistant in 50 Living Lab homes run by Energy Systems Catapult, aiming to help households to reduce the cost and carbon intensity of their energy and ultimately lead to peer-to-peer trading. The ‘behind-the-meter’ technology…