Foresight Solar Fund is to add co-located battery storage to some of its UK operating PV sites and look for new combined sites, in a change of investment strategy. The fund said it had identified “several sites with available land…
News
Flow battery developer Invinity upscales manufacturing capacity, starts project delivery for 5MWh unit in Oxford
by New Power •
Long-duration storage developer Invinity says it has doubled stack manufacturing capacity for its vanadium flow batteries at its Bathgate, UK and Vancouver, Canada, sites since December 2020 and plans to double it again by April. In a trading update, it…
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Distributed generation forced to provide Balancing Market data to join Capacity Market in future – respond to consultation
by New Power •
Distributed generation will have to be registered to take part in Balancing Market (BM) in order to take part in the Capacity Market, under new proposals from BEIS, and notify the system operator of plant ‘market position’ in every half-hour…
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Shell backs up fast-charging with forecourt battery that will also become part of a virtual power plant
by New Power •
Shell is expanding its reach into the smart power space. In February it announced the acquisition of virtual power plant (VPP) operator Next Kraftwerke, which remotely connects and manages over 10,000 decentralised energy units across Germany, Belgium, Austria, France, Poland, the Netherlands, Switzerland and Italy. Now…
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Industry settlements under strain as 13 companies attract ‘special focus’ over demand estimation accuracy
by New Power •
Balancing and settlement company Elexon has said that 13 domestic energy supply companies are under ‘special ficus’ to ensure their estimates of customer usage remain within accuracy limits. Accuracy has been affected during Covid, for example because companies were unable to…
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Mitsubishi + Chubu Electric consortium wins right to own and operate Hornsea One offshore wind connection
by New Power •
Diamond Transmission Partners is to pay £1.175B for a 25-year licence to own and operate the transmission line connecting Hornsea One to the onshore network. The company is a consortium comprising Mitsubishi Corporation and Japanese utility Chubu Electric Power. Hornsea One wind farm…
Longread
From the archive: OFTO performance examined
by New Power •
In February 2017 New Power looked at early perfomance of Ofto connections. As Ofgem prepares to announce a shortlist of bidders to take ownership of the Burbo Bank Extension connection, Janet Wood takes a look at what the new owner can…
News
UPDATED: Nine networks appeal price determinations
by New Power •
The CMA has set the headline rate of return for water companies at 3.2%, compared with 4.67% in the previous price control period, approximately 3.6% proposed by the water companies and 2.96% proposed by Ofwat. The CMA said it had also provided increased allowances to pay for…
News
No plan for Net Zero, no plan for COP26: MPs plea for government clarity on low carbon agenda
by New Power •
The Public Accounts Committee has warned that the government still lacks a plan for how it will achieve Net Zero emissions by 2050, almost two years after it set the target. Departments do not consider the impact on Net Zero when taking…