News

OVO expands into Europe with German acquisition

Independent energy supplier Ovo has announced the first phase of investment into Munich-based digital energy provider 4hundred. Founded in 2017, 4hundred currently offers a 100% green electricity tariff to over 2,000 customers. The investment marks Ovo’s first move into the European…

Capacity Market Obligation traded using blockchain

EDF Energy and UK Power Reserve, part of the Sembcorp Group, have completed the first transfer of a Capacity Market obligation  using a trading platform built by Electron and underpinned by blockchain. Electron said that trades can take up to…

First grid-scale battery opened in Scotland

The first utility-scale battery facility in Scotland has been commissioned.  The 20MW Broxburn Energy Storage installation was built and managed by RES and owned by The Renewables Infrastructure Group (TRIG). Livingston-based NRS Group were the main civils contractor during the £1.5…

Statkraft enters Republic of Ireland power market

Statkraft has entered the Irish power market. It has been granted a supply licence in the Republic of Ireland  and has successfully concluded a seven-year power purchase agreement (PPA) with Castledockrell, a 41.4MW wind farm. The timing coincides with the new…