The European Court was wrong to uphold a challenge to the UK’s Capacity Market brought by Tempus, according to a new opinion on an appeal brought by the UK and the European Commission (along with Poland). In the original decision,…
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Octopus Renewables to acquire Scottish wind farm, considers fundraising for further acquisitions
by New Power • • 0 Comments
Octopus Renewables Infrastructure Trust is to acquire 100% of the rights to construct the Cumberhead Wind Farm, a 50MW onshore wind farm located in South Lanarkshire, Scotland from RDC Partners. The acquisition, for £75 million, is conditional upon achieving ready-to-build…
‘Vehicle to grid’ balancing can save EV drivers money but costs must fall, study finds
by New Power • • 0 Comments
Customers could earn up to £725 per year from exchanging power between their electric vehicle and the electricity grid, a new study has found. But to make the option attractive to customers the cost of hardware has to fall further…
Immingham aims to be the model for a hydrogen-led approach for ports – seeks funding for feasibility studies
by New Power • • 0 Comments
Uniper, Siemens Energy, Toyota Tsusho and Associated British Ports have submitted a joint bid into the Clean Maritime Fund for matched funding for a full feasibility study for a low carbon hydrogen supply to the Port of Immingham. The companies…
Can the Northeast outpace the rest of the UK on ‘Net Zero’? Northern Powergrid floats scenario with 5 million EVs and 4 million heat pumps
by New Power • • 0 Comments
Northern Powergrid is preparing to serve up to 5 million electric vehicles and 4 million hear pumps in its area of North East England, Yorkshire and northern Lincolnshire by 2050, under a future scenario in which the region beats the…
Stoke on Trent geothermal district heat project moves forward with planning approval granted
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Stoke-on-Trent City Council has given planning approval for a ‘deep geothermal’ energy project in the Etruria Valley that will supply zero carbon heat to the city. The approval was announced by IGas, which wants to revive plans for a heat…
Fulcrum sells third tranche of domestic gas connections to ESP
by New Power • • 0 Comments
Utility infrastructure and services provider Fulcrum has completed the sale of a third tranche of domestic customer gas connection assets and associated meters to ESPipelines Limited for £3.8 million. The company said the cash would strengthen its balance sheet and…
Water company United Utilities to sell £65M renewables business
by New Power • • 0 Comments
Water company United Utilities has put its renewables energy business up for sale. The decision to market the group’s renewable energy business, United Utilities Renewable Energy Limited, was taken in April and the sake process is expected to commence during…
Hydrogen filling station to be fuelled by food waste
by New Power • • 1 Comment
US-based BayoTech, which provides small modular steam reformers to produce hydrogen, and UK-based IBMS Group, a holding company for sustainable business, have launched a renewable hydrogen project using biomethane from food waste as a feedstock. The project will produce 1,000kg…
Competition watchdog plans ‘package of measures’ in summer to address concerns on street and motorway EV charging, but decides against market investigation
by New Power • • 0 Comments
The Competition and Markets Authority has decided not to launch a full probe into competition in electric vehicle charging. It said that “while we consider there are some emerging issues in the EV charging sector, we do not consider a…