The Scottish Government has announced £43 million in grants to 13 low carbon infrastructure projects via the Low Carbon Infrastructure Transition Programme (LCITP). The projects include: Glenrothes Next Generation Heat. The project aims to find district heat customers for RWEs…
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Britain should push for new pan-European energy partnership post-Brexit, think tank says
by Annabel Andrews • • Comments Off
It is in the EU and Britain’s best interests to work together on energy policy once Britain has left the EU, Chatham House said in a new report, Staying Connected: Key Elements for UK–EU27 Energy Cooperation After Brexit. Strong energy cooperation…
Good Energy launches bond to raise £10 million to expand into storage and electric vehicles
by New Power • • Comments Off
Good Energy has launched its second corporate bond. It wants to raise £10 million (with an over-subscription maximum of £20 million). Its first bond was launched in 2013. The new bond will have an initial four-year term and investment can…
Innasol teams up with Mercedes Benz Energy to offer domestic storage batteries
by Annabel Andrews • • Comments Off
Innasol has signed a deal to distribute, service and maintain Mercedes Benz Energy’s domestic energy storage products in the UK. Innasol has already trained 50 installers to install Mercedes Benz Energy domestic batteries at the Innasol Academy in Essex. Those installers will…
Gas engines ‘could be transplanted overseas’ despite Capacity Market penalties if Triad benefits are not grandfathered
by New Power • • Comments Off
So-called car-park generators could walk away from capacity market (CM) contracts if regulator Ofgem goes ahead with plans to cut Triad payments – and that could include dismantling and exporting plants that have already been built, New Power has been…
Industry warned to get ready for Project Nexus Go-Live
by Annabel Andrews • • 1 Comment
Ofgem has warned the entire energy industry has to be ready for Project Nexus Go-Live this month. Project Nexus is the implementation of new business processes for gas settlement reform and the single service provision for all gas transporters. The system will cover…
Renewables subsidy cuts send energy entrepreneurs to battery storage, says SmartestEnergy
by Annabel Andrews • • Comments Off
Growth in independent renewable projects has flatlined in the wake of deep and sudden subsidy cuts, according to SmartestEnergy’s fifth annual Energy Entrepreneurs Report, released today. Energy entrepreneurs outside the traditional electricity supply sector are now turning to the storage sector as…
Nissan and Eaton combine to launch domestic storage product
by New Power • • Comments Off
Nissan has joined forces with Eaton to launch a domestic energy storage product, known as xStorage, that can use recycled lithium ion batteries. The storage is expected to be used by consumers with rooftop PV to maximise returns from feed-in…
Vattenfall launches green energy offer for UK business customers
by New Power • • Comments Off
Swedish energy company Vattenfall has launched a green energy supply product for UK business customers, to be called ‘Fresh’ (‘Flexible, Renewable Electricity, Supplied Honestly’). Vattenfall, which is 100% owned by the Swedish state and has over 6 million customers across…
Brexit ‘puts operation of the UK nuclear industry at risk’, warns Select Committee
by New Power • • Comments Off
“The continued operations of the UK nuclear industry are at risk,” said Iain Wright MP, chair of the Business, Innovation and Skills Committee, because “The impact of Brexit on Euratom has not been thought through.” He said ministers must act…