Metering equipment at two National Grid Electricity Transmission substations that was connected in reverse caused errors in settlement totalling £117.5 million between December 2019 and February 2022, it has emerged. The errors will cause market participants to be over or…
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Two projects win Green Heat Network funding
by New Power •
Two projects have been awarded funding from the government’s Green Heat Network Fund (GHNF). The awards were made by scheme manager Triple Point Heat Networks Investment Management group. Veolia has been awarded over £16 million for a heat network supplied…
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Greencoat wind fund acquires 12.5% of Hornsea 1
by New Power •
Specialist wind infrastructure fund Greencoat UK Wind is to acquire a net 12.5% stake in the Hornsea 1 offshore wind farm. It will pay £400 million for the stake acquired from Global Infrastructure Partners. The acquisition is expected to complete…
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Open call for innovators to work with energy companies in next round of Strategic Innovation Fund projects
by New Power •
Ofgem and Innovate UK have announced four challenge areas for the second round of innovation funding under the Strategic Innovation Fund (SIF). The Strategic Innovation Fund is a five-year programme with up to £450 million available to promote energy network…
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Queen’s speech: the industry responds
by New Power •
Jess Ralston, Senior Analyst, Energy and Climate Intelligence Unit (ECIU): “The big risk with the Energy Bill is that government gets distracted with technologies like hydrogen and nuclear that might play a role but not for years to come. “Steps…
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‘Always on’ PPA quote service offered for sub-1MW generators
by New Power •
Limejump, a part of the Shell Group, has launched an ‘anytime’ request line for fixed power purchase agreements (PPAs) for renewable asset owners with sites 1MW or below. It says the ‘Quotejump’ service will be available ‘24/7’. Generators can enter…
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Drax to trial new sorbent for carbon capture
by New Power •
Drax is collaborating with the University of Nottingham and Promethean Particles on an new carbon capture technology, part of Drax’s bioenergy with carbon capture and storage (BECCS) innovation programme. The new process uses Promethean Particles’ solid sorbent. Its metal-organic frameworks…
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Planning granted for 350MW battery by M6 toll
by New Power •
Penso Power and Luminous Energy have secured planning approval for a battery site with 350MW/1750MWh connection capacity at Hams Hall, close to the M6 Toll in North Warwickshire. The project is expected to provide a range of services including potentially…
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WPD to make £14.9M redress payment after five years of failing vulnerable customers
by New Power •
WPD is to pay redress of £14.9 million after failing to provide information, advice and services to customers on its Priority Services Register. It failed to meet its obligations to provide information to some of its most vulnerable customers and…