Renovagen has launched its second equity crowdfunding campaign on Crowdcube. The company wants up to £1 million to fund its “Roll-Array” flexible, rollable, transportable solar farm units. The units include energy storage. The company says its technology rolls out “18kW…
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UK companies missing out on business benefits of renewable power
by Annabel Andrews • • Comments Off
Many UK companies want to support renewable electricity, but are confused by a “bewildering variety of costs and schemes which made it hard to be sure of the carbon content of what they were buying”, according to a report from Smartest…
MPs: energy policy shifts have hit investor confidence and will raise consumer costs
by New Power • • Comments Off
MPs: energy policy shifts have hit investor confidence and will raise consumer costs
Reduce stamp duty for energy efficient houses, says think tank
by Annabel Andrews • • Comments Off
The government should encourage home buyers to purchase energy efficient homes by reducing stamp duty for homes with a high efficiency rating, according to a new Policy Exchange report published today. Lenders should also provide energy efficiency mortgages, the think…
Winning £2 billion benefit of storage ‘requires joint action on market frameworks’
by New Power • • Comments Off
Effective use of storage could reduce the costs of managing a highly variable electricity system by £2.4 billion per year by 2030, a new report has concluded. But to use storage most efficiently the interests of a wide variety of…
Northern Ireland’s renewable heat incentive closes to new applicants tonight
by Annabel Andrews • • Comments Off
The Department of Enterprise, Trade and Investment (DETI) confirmed this week that the Northern Ireland renewable heat incentive (RHI) scheme for domestic and non-domestic installations will be suspended to new applicants from midnight tonight. Ofgem, which administers the scheme on…
Engie’s new focus: low-carbon, regulated businesses and ‘customer solutions’
by New Power • • Comments Off
Engie has announced a three-year transformation plan intended to refocus the company on low-carbon activities (which will provide 90% of pre-tax earnings by 2018), regulated activities (expected to be more than 85% of pre-tax profit by 2018) and “integrated customer…
New less ambitious energy efficiency obligation to save suppliers £800 million per year
by Annabel Andrews • • Comments Off
The government’s plans cut household fuel bills, announced in the 2015 spending review, will largely be funded by cuts to to the current energy company obligation (ECO) scheme, according to a letter from the department of energy and climate change (Decc)…
Gas ‘cannot bridge the gap to low-carbon’ without CCS; government strategies ‘at odds’, says UKERC
by New Power • • Comments Off
Without carbon capture and storage (CCS) gas cannot act as a ‘bridging’ technology to meet 2050 greenhouse gas targets. Instead, it must be phased out over the next 35 years and largely removed by 2050, according to new modeling by…
Over 40 per cent of energy switchers choose independent suppliers
by Annabel Andrews • • Comments Off
Over 6 million domestic energy supply accounts were switched in 2015, a 15% increase on 2014, according to figures published today by Ofgem. This is the highest number of switches since 2011. Over 40 per cent of switchers chose independent suppliers.…