Gresham House Energy Storage Fund plc saw earnings increase by over 20% in 2022, to £48 million, thanks to rising prices and increased market volatility. It expects its operational capacity to reach 1GW in 2023 and around 1.5GW in 2024.…
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First floating wind farm off Wales wins development consent
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The Welsh Government has granted development consent for Wales’ first floating windfarm, Project Erebus, to be located 40km off the coast of Pembrokeshire. Blue Gem Wind, the joint venture between TotalEnergies and Simply Blue Group, says it is currently on…
Northern Powergrid appeals price determination, says necessary ‘fast electrification’ costs will not be recovered
by New Power • • 0 Comments
Northern Powergrid has sought permission to appeal its price determination, saying that ‘material errors’ in regulator Ofgem’s assessment will have an adverse effect on its networks’ income totalling £171 million – largely because it will be under funded for work…
Invinity sells further UK battery, plans Hungarian expansion
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Invinity Energy Systems has received an order from Dawsongroup for another 0.22MWh VS3 flow battery. The two companies announced a partnership on 16 January to jointly develop and market a full package battery plus renewables solution that is designed to…
Robin Rigg owner seeks £9.4M from cable-maker after cartel inflated price
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RWE Renewables has sought damages of £9.42 million with regard to the cost of installing export cables for the Robin Rigg offshore wind farm. The claim comes after the European Commission decided in 2014 that a cartel had operated in…
Closure of nuclear plants at Heysham and Hartlepool delayed by at least two years
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EDF Energy has announced it will extend the lives of two nuclear plants – Heysham 1, in Lancashire, and Hartlepool, in Teesside – by a further two years to March 2026, and possibly longer. Both plants mark 40 years of…
Crown Commercial Service awards £51M energy supply contract
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EDF Energy and Total Gas and Power will be the contractors through which central government and wider public sector customers will be supplied with electricity and gas, respectively, in the next four years. EDF Energy won a framework agreement for…
Westminster ‘must act’ to gain benefits from Celtic Sea floating wind for Wales and UK
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“Floating offshore wind represents a once-in-a-generation industrial opportunity for Wales – we cannot afford to let this pass us by,” said Welsh Affairs Committee Chair, Rt Hon Stephen Crabb MP. He was launching a report by the Welsh Affairs Committee…
Cornwall’s first geothermal power plant wins funds to start by 2024
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Geothermal Engineering Limited (GEL) has won funding from Kerogen Capital (£12 million) and Thrive Renewables (£3 million) to take forward its geothermal project at the United Downs site in Cornwall and its Geogen geothermal development portfolio. The new funding will…
LNG cargoes ‘diverted away from GB in summer 2022 because of fears network could not accept them’
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Gas terminal operator South Hook Gas (SHG) believes that at least two cargoes of liquified natural gas (LNG) were diverted from GB to other destinations in Summer 2022 because technical limits in the gas network led the shippers to believe…