Power company China Three Gorges has announced a cash tender offer for Energias de Portugal (EDP). The Chinese company already owns 23.27% of EDP. The total tender offer value is equal to €11,848 million for 100% of EDP’s share capital and to…
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Cadent plan would see a fifth of gas in northwest replaced with hydrogen
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Gas network company Cadent has announced ambitious plans to begin sourcing and using hydrogen as a replacement for natural gas. The HyNet project is 30-year, £900 million, plan centred on a new production facility, probably located in Cheshire, that would…
New launch means consumers have a handful of auto-switching options
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A sixth auto-switching service has been launched. Switchcraft founder Andrew Long told New Power Report that the company would be funded by commission from energy suppliers. That would mean users may not have the potential to switch to all suppliers, but…
Project aims to use autonomous vessels for offshore wind O&M
by New Power • • 3 Comments
An 18-month £900,000 joint industry project will explore using autonomous surface vessels, integrated with existing manned shipping operations, to support offshore wind farm operations and maintenance. The Windfarm Autonomous Ship Project, part funded by Innovate UK and led by ASV…
UK should take leadership in using hydrogen, argues IMechE
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Government should provide more support for power to gas technology and use the gas grid for energy storage in the form of hydrogen, according to a new report from the Institution of Mechanical Engineers. The report argues that excess electricity…
AI sector deal aims to free data for entrepreneurs
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The Department for Business, Energy and Industrial Strategy has announced a ‘sector deal’ for the artificial intelligence (AI) sector, hoping to make the UK a centre for technology startups and data-driven industries. The government says AI is emerging in its…
CMA opens full investigation into SSE/Npower merger
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The Competition and Markets Authority (CMA) has decided to open a full investigation, expected to last until 22 October, into SSE’s plans to merge its retail business with that of Npower. An initial investigation by CMA found that the deal…
BEIS committee to take evidence on Swansea Bay Tidal Lagoon
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The Business, Energy and Industrial Strategy (BEIS) Committee and the Welsh Affairs Committee are to scrutinise the decision-making process for the Swansea Bay Tidal Lagoon project. Rachel Reeves, BEIS committee chair, said: “The Swansea Tidal Lagoon project has been a tale of…
Greencoat Renewables acquires Dromadda More wind farm
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Greencoat Renewables has acquired the 36MW Dromadda More wind farm in County Kerry, Ireland from a renewable energy infrastructure fund managed by Impax Asset Management. The Fund acquired the project to develop 11 turbines on the site in 2015 from a local…
Ecotricity picks Next Kraftwerk to partner on countrywide balancing service
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Ecotricity has formed a partnership with Next Kraftwerke to regulate and balance energy generation, storage and demand, countrywide in real time. Businesses with energy storage systems, energy generators and customers that can manage their demand will all be able to benefit…