Enzen has launched new finance offerings for companies who want to invest in PV. A fully-funded solar option offers a long-term power purchase agreement (PPA) and requires no upfront capital investment. All three provisions – self funded, fully funded and…
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Islay distillery to switch from oil to biomass
by New Power •
Islay’s Bunnahabhain distillery has announced it will switch to using biomass, using a by-product of distillation (spent malt, known as draff) and wood chippings from 15 miles away as fuel for its 8000kg/hr steam system. The switch will mean the…
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Lack of detailed planning on jobs undermines green agenda, warns Environmental Audit Committee
by New Power •
Despite announcements committing millions of pounds to green jobs initiatives, the government is yet to define what a ‘green job’ is, and how it will evaluate the perceived demand. Inconsistent government policy and a knowledge-gap in necessary skills are resulting…
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ACT NOW: consultation on re-coupling power trades with EU closes on Friday
by New Power •
Electricity traders have told BEIS that they need to see a single electricity price to trade power efficiently across interconnectors with Europe, but two exchanges where power is traded, EPEX and NP, are now operating “fully separated” day-ahead markets, settling…
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Clean Growth Fund’s first investment is electric ‘drop in’ gas boiler replacement – new investor joins
by New Power •
The Clean Growth Fund has made its first investment in low carbon heating, leading a £2.5m investment round in tepeo to support commercialisation of its ‘zero emission boiler’ for the domestic heating market The boiler, from Tepeo, is a drop-in…
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Real-time inertia measurement to help maintain grid stability
by New Power •
Reactive Technologies and National Grid Electricity System Operator completed construction of a grid-scale ultracapacitor, which will provide instantaneous data on grid inertia to manage system stability instead of relying on estimates. Constructed by Spanish technology group Ingeteam, the ultracapacitor, located…
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Storage investor says volatile energy prices in September doubled revenues from fast-acting assets
by New Power •
The recent volatile prices in the GB energy market nearly doubled expected revenues for some assets owned by energy storage investor Gore Street Energy Storage Fund (GSF) in September. In a later update the fund said the doubling was achieved…
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Data and computing demand raises interest for flexibility – and home heating
by New Power •
Data centres have large power requirements but they could provide more flexibility than demand, according to a new study from BloombergNEF (BNEF) in partnership with Eaton and Statkraft. Large data centres in the UK, Germany, Ireland, Norway and the Netherlands…
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Temporary power supplier sees a boost in users replacing diesel with vegetable oil
by New Power •
Temporary utilities equipment supplier Aggreko believes rising gas prices area factor, along with decarbonisation, in a surge in customers switching to hydrotreated vegetable oil (HVO) to power their installations. The company said HVO use had grown rapidly from constituting a…