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,…
News
Octopus Renewables to acquire Scottish wind farm, considers fundraising for further acquisitions
by New Power •
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…
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‘Vehicle to grid’ balancing can save EV drivers money but costs must fall, study finds
by New Power •
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…
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Immingham aims to be the model for a hydrogen-led approach for ports – seeks funding for feasibility studies
by New Power •
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…
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Gemserv: How do we get to regulatory change faster?
by New Power •
If printed out, the ‘handbook’ of regulations for companies in the energy industry would be higher than many of its members, yet even the smallest market participants have to work through it all. Making changes is a long and cumbersome…
News
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 •
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…
News
Stoke on Trent geothermal district heat project moves forward with planning approval granted
by New Power •
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…
News
Fulcrum sells third tranche of domestic gas connections to ESP
by New Power •
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…
Longread
INTERVIEW: Can Rebel Energy offer something new to energy customers?
by New Power •
Are new energy companies offering something new to customers? Rebel Energy won over 700 investors in a crowdfinding round with that offer. Janet Wood spoke to its chief executive, Dan Bates and its chief commercial officer, Penelope Hope Rebel Energy…