The T-4 Capacity Market auction for 2021/22 has cleared at £8.40, the lowest figure yet. Some 74GW entered the bidding to provide 50.5GW in the delivery year. In total 439 capacity market units will be awarded Capacity Agreements, from 129 companies. The auction…
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System Operator wants academic and industrial partners for innovation projects with up to £1 million in funding
by New Power • • Comments Off
National Grid has invited industry and academia to develop projects that address its innovation priorities across the GB gas and electricity systems and promised funding of up to £1 million for the most important projects. An application window is open between…
AD consolidation as Biogen acquires Tamar Energy
by New Power • • Comments Off
Biogen has acquired Tamar Energy, one of the largest anaerobic digestion (AD) owners and operators in the UK, for an undisclosed sum. A number of Tamar Energy’s existing shareholders have rolled-over their investment into the combined group. The combined group…
Octopus Energy wins Electron’s energy industry blockchain ‘kWhackathon’
by New Power • • Comments Off
An energy industry blockchain ‘hackathon’, hosted by technology company Electron, was won by Octopus Energy. Their concept used the blockchain asset register and smart contracts to tackle some of the issues faced by customers with pre-payment meters. The one-day event on 6…
Murphy buys Carillion’s UK power business
by Annabel Andrews • • Comments Off
J Murphy & Sons has acquired Carillion’s UK power framework business for an undisclosed sum. The agreement means Murphy has taken over Carillion’s contracts on National Grid’s electricity overhead lines, substation and underground cable frameworks. These three frameworks will deliver essential…
GE and Arenko combine for grid-scale batteries
by New Power • • Comments Off
GE and Arenko Group have announced a strategic alliance to build grid scale energy storage systems in the UK. Arenko has invested in a 41MW battery supplied by GE, sited in the Midlands, which will commence operations in 2018. Mirko…
Bring industrial energy prices down by helping mature renewables, says Aldersgate Group
by Annabel Andrews • • Comments Off
The UK government should improve investment conditions in low-cost renewable energy technologies such as onshore wind to support competitive industrial electricity prices, according to a new report from the Aldersgate Group. Industrial energy prices in the UK are higher than in…
DSR aggregator Endeco changes its name to Gridbeyond
by Annabel Andrews • • Comments Off
Energy services company Endeco Technologies is changing its name to Gridbeyond. “Our business has fundamentally transformed over the last few years, growing from start-up to scale-up,” commented Michael Phelan, the firm’s chief executive. “Since April 2016, our team has more than doubled in size, the…
T-1 Capacity Market auction clears at £6
by New Power • • Comments Off
The first T-1 Capacity Market auction, for delivery next winter, cleared in the 14th round of bidding at £6/kW per year. Some 10663.717MW of de-rated capacity joined the auction at its start and the aggregate capacity that won agreements was 5,782.892MW.…
Environmental Audit Committee opens inquiry into 25-year Environment Plan
by New Power • • Comments Off
The Environmental Audit Committee has begun an inquiry into the government’s 25-year Environment Plan, published in January. Among the plan’s proposals are a new statutory body to “champion and uphold environmental standards as we leave the European Union”. The EAC asked…