Solar investment company NextEnergy Solar Fund (NESF) has joined with energy storage company, Eelpower in a £100 million joint venture partnership which has signed its first acquisition of a 50MW standalone utility scale battery energy storage project. The 50MW storage…
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eEnergy acquires Utility Team
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‘Energy efficiency as a service’ company eEnergy Group has acquired energy consulting and procurement business Utility Team for £21 million. It also took on a 5% share in UtilityTeam Trading. The initial consideration represents an acquisition multiple of 7.1x of…
Osprey plans 1500 EV charging points at 150 sites by 2025
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Osprey Charging has announced plans for over 150 high-powered electric vehicle (EV) charging hubs across the UK, totalling 1500 charging points, by 2025. The sites, which will be on strategic A-roads and adjacent to motorways, will have 150-175kW rapid chargers.…
Scottish Affairs Committee: Ofgem should act to remove disbenefits for Scottish renewables
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Over the coming year Ofgem should complete an urgent review of the grid in Scotland and within six months it should review the financial burden of transmission charges in Scotland, says the Scottish Affairs Committee. It wants transmission charges and…
Mitie offers customers ‘no upfront cost’ EV chargers and PV
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Mitie is offering to install EV chargers companies as one of four new ‘Plan Zero BoltON packages’ that do not require capital upfront. The packages cover remote building management (Pulse), solar power (Shine), lighting optimisation (Glow) and electric vehicle (EV)…
Two more failures mean half a million domestic customers and 1000 businesses need new supplier
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Two energy suppliers, Utility Point and People’s Energy, have announced that they are ceasing to trade. Utility Point supplies gas and electricity to around 220,000 domestic customers. People’s Energy supplies gas and electricity to around 350,000 domestic customers and around…
A fragmented energy supply industry ‘will raise regulatory challenges’
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The decarbonisation of heat will fragment the UK’s utility structure and throw up new challenges for regulation, suggests discussion at the British Institute for Energy Economics (BIEE) biannual research conference. A potential future emerged that would see households split between…
Cable plough speeds undergrounding in chalk downs – film
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UK Power Networks has used a new cable plough at National Trust site Dunstable Downs to help replace overhead lines with underground cables. The remote-controlled cable plough means trenches do not have to be dug. It can install up to…
Contract win sees National Underground Assets Register enter ‘build’ phase
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1Spatial has won a contract to develop data transformation and data ingestion platform to allow hundreds of asset owners to upload and transform their underground asset datasets for GB’s planned National Underground Asset Register. This new digital map, produced by…
Co-op switches 25 solar PPAs on Renewable Exchange platform
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Renewable Exchange has announced that a renewable energy co-operative has used its platform to simultaneously tender and execute the power purchase agreements (PPAs) for 25 solar assets, including the Geraint Thomas National Velodrome in Newport. Renewable Exchange said the Egni…