Ratings agency Moody’s has reacted to Ofgem’s plans to cut returns to network companies by placing a ‘negative’ outlook on the rating of Electricity North West (ENWL) and its parent, because of the companies’ high leverage and borrowing costs. Moody’s said ENWL’s…
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Argonaut Power and Connected Energy team up to offer funded behind-the-meter storage
by Annabel Andrews • • Comments Off
Flexible energy solution provider Argonaut Power has announced it will work with Connected Energy to offer fully funded energy storage solutions to commercial and industrial customers. E-STOR, the new energy storage systems manufactured and supplied by Connected Energy, will be fully funded and managed by Argonaut Power. E-STOR energy storage systems utilise second life Renault electric…
Consent granted for Eggborough CCGT
by Annabel Andrews • • Comments Off
The Secretary of State for Business, Energy and Industrial Strategy has granted development consent to Eggborough Power Limited (EPL) to develop a new gas fired power station on the site of its coal fired power station at Eggborough near Selby, North Yorkshire.…
Labour energy plans: the industry responds
by New Power • • Comments Off
Labour leader Jeremy Corbyn reiterated, in his speech to the Labour Party conference, plans for “a 60% reduction in emissions by 2030… with plans to reduce greenhouse gas emissions to zero by the middle of the century” and “a ‘Green…
SSE to offer flexibility services to customers using Origami Energy platform
by Annabel Andrews • • Comments Off
SSE has selected Origami Energy to support SSE’s delivery of new flexibility services to its industrial and commercial customers. SSE will offer real-time, flexible energy management services through Origami Energy’s technology platform, to help customers unlock the increasingly valuable flexibility…
SSE takes full ownership of Seagreen offshore wind projects
by New Power • • Comments Off
SSE has taken full ownership of offshore wind projects under development by Seagreen Wind Energy, in which it had a 50% share, acquiring the remainder from Fluor. The Seragreen projects are in the outer Firth of Forth and Firth of…
From the archive: Origami chief executive Peter Bance on why the energy industry must think short-term and asset-light
by Annabel Andrews • • Comments Off
Having data and control over energy assets is better than ownership, says Origami Energy chief executive Peter Bance, because you can chase value. He told Janet Wood why the industry must think more short-term and asset-light – and why distribution…
Three offshore links on offer in £2 billion tender
by New Power • • Comments Off
A tender will open on 29 October three offshore transmission assets, Ofgem has announced. The regulator says the three links will together be worth more than £2 billion. The assets are links to three offshore wind farms: • Beatrice (588MW), 13km…
Essex batteries will provide 19MW of storage
by Annabel Andrews • • Comments Off
Origami Energy has announced plans to connect 19MW of battery assets to energy markets with the purpose of delivering optimised economic returns. The company’s technology will provide monitoring, control and operation of the batteries enabling access to multiple revenue streams for…
Planning Inspectorate rejects coal mine plan
by Annabel Andrews • • Comments Off
The Planning Inspectorate has rejected an appeal for an opencast coal mine at Nant Llesg, in Caerphilly, South Wales. Nant Llesg is an area of area of open land at the top of the Rhymney Valley. If plans to build…