Infrastructure investors Equitix and Iona Capital have acquired a £72 million energy from waste (efw) facility in Bridgwater, Somerset. The 7.75MW facility will process 100,000 tonnes of commercial and municipal refuse derived fuel (RDF) per annum, which would otherwise have…
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Ofgem announces winners of £46.8m network innovation funding
by Annabel Andrews • • Comments Off
Ofgem has awarded £46.8m funding to four projects as part of the regulator’s 2018 Network Innovation Competitions. Each year network companies submit bids for funding to develop and test new technologies or approaches which could help to cut the costs…
Ofgem changes Ofto bidding regime, aiming to increase pool of bidders
by New Power • • Comments Off
Up to eight bidders will be invited to tender for the right to own and operate links to offshore wind farms in future tenders, and the licence will run for 25 years (instead of 20 years), Ofgem has announced. The…
CCUS Action Plan promises reviews to be completed by end 2019
by New Power • • Comments Off
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…
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…