Carbon capture and storage is in the spotlight today as the UK hosts a summit on carbon capture, utilisation and storage (CCUS). Government’s contribution was a CCUS Action Plan, intended to deploy CCUS at scale during the 2030s, ‘subject to the…
News
Ovo takes on Spark Energy customers
by New Power • • Comments Off
Ofgem has appointed Ovo Energy to take over Spark Energy’s 290,000 customer accounts. Ovo said, “Through the purchase of the operating company we can ensure that Spark Energy will continue to serve customers through its existing team, with minimal disruption…
Crown Estate Scotland signs first lease option for CO2 storage infrastructure
by Annabel Andrews • • Comments Off
Crown Estate Scotland has signed its first ever lease option to Pale Blue Dot for carbon dioxide (CO2) storage. Pale Blue Dot’s Acorn CCS project will use existing oil and gas assets on the Aberdeenshire coast to deliver large scale,…
Pivot Power and Open Energi join Arsenal to trade on new battery
by New Power • • Comments Off
Pivot Power is to install a 2MW/2.5MWh battery at Arsenal’s Emirates stadium funded with investment from Downing LLP, and operate it for 15 years. A further 1MW/1.2MWh of storage to be added in summer 2019. The battery can store enough…
Spark Energy failure affects 290,000 customers
by New Power • • Comments Off
Spark Energy has gone out of business. Its 290,000 customers will now be entering Ofgem’s ‘supplier of last resort’ process, and Ovo Energy told the BBC that it had put forward proposals to Ofgem to acquire the business. The company follows Extra Energy, Future Energy,…
RO and FIT shortfalls trigger enforcement action and more costs for compliant suppliers
by New Power • • Comments Off
Suppliers have fallen short on payments to two renewables support schemes, prompting Ofgem to take enforcement action and potentially raising bills for other suppliers. The regulator said that after late payments there was a shortfall of £58.6 million in Renewables…
Energy efficiency fund to float, aims to raise £150M
by New Power • • Comments Off
New investment company Seeit (SDCL Energy Efficiency Income Trust) has announced plans to float, to raise £150 million to invest exclusively in the energy efficiency sector, which it describes as a “rapidly growing segment of the infrastructure market”. The funds will be managed by Sustainable Development Capital, which…
Extra Energy ceases trading – Ofgem announces new supplier fitness tests
by New Power • • Comments Off
Ofgem has activated ‘supplier of last resort’ measures as Extra Energy ceases trading. The company has around 108,000 domestic accounts and 21,000 business customers. Gillian Guy, Chief Executive of Citizens Advice, said: “Today’s news and other recent supplier failures again highlight…
BayWare acquires Tralorg wind farm
by New Power • • Comments Off
BayWa r.e. has acquired the consented Tralorg wind farm from Brookfield Renewable Partners. The wind farm, in South Ayrshire, Scotland, secured planning permission in 2014. Once installed, the wind farm will have a capacity of 18.8MW comprising eight 2.35 MW…
Research reveals regional disparities in energy revolution
by Annabel Andrews • • Comments Off
Britain risks creating a two-tier energy system, where some regions benefit from the latest technology, and others are left behind with the higher costs, environmental and health problems that come from burning legacy fossil fuels, according to a new report…