A consortium bidding in the ScotWind leasing round to build a 2GW offshore wind farm west of Orkney said it plans to use it to power the production of green hydrogen on an industrial scale on Orkney’s Flotta island. Macquarie’s…
News
Octopus EV drivers to participate in BM ‘within months’
by New Power •
Octopus Electric Vehicles is expanding its vehicle-to-grid (V2G) project Powerloop with the aim of participating in the National Grid’s Balancing Mechanism (BM) “in the coming months”. Powerloop, launched in 2018, has seen over 130 electric vehicle (EV) drivers use a…
Longread
INTERVIEW: Elexon’s Peter Stanley on opening up the settlements process ‘black box’
by New Power •
The GB settlement process is a hard-wired ‘black box’, mostly invisible to participants, dating back to the start of the competitive industry. But October should see the beginnings of an open flexible approach that allows new participants access to much…
News
AMPower UK set to be expelled from balancing and settlement
by New Power •
AMPower has been threatened with expulsion from the Balancing and Settlement Code (BSC), the agreement the governs electricity suppliers and other parties who take part in the electricity market. The supplier has been told that it has 28 days to…
News
EV chargepoint installer Pod Point plans IPO in major fundraising
by New Power •
Pod Point is set to float up to half of its electric vehicle (EV) charging company, with owner EDF expecting to maintain a stake of more than 50%. Announcing that it was considering a float the company said it was…
News
Trust plans IPO to raise £230M to fund 1GW of battery storage
by New Power •
Harmony Energy Income Trust is raising money to invest in 1GW of ‘shovel ready’ battery projects in Great Britain, in a £230 million share offering. It expects to acquire projects at a cost of £750,000/MW, whose value will rise to…
News
Uskmouth conversion to waste burning delayed as Welsh Government calls in application
by New Power •
The Welsh Government has called in an application to convert Uskmouth power station to burn waste pellets submitted by SIMEC Atlantis Energy Limited (SAE). Previously Natural Resources Wales (NRW) was leading the determination. SAE believes that NRW was minded to…
Editor's blog
Conservative Party under pressure from business to deliver Net Zero policy – and devolve action locally
by New Power •
Andrea Leadsom MP famously asked whether climate change was real when she was appointed energy minister in 2015, and said “we have enough wind farms”. This year at the Conservative Party conference she put that question firmly to bed, describing…
Editor's blog, News
Good neighbours – and HVDC – could help manage energy droughts in future
by New Power •
The search for power supplies that will provide solutions to still, cold weather periods that leave the GB market short of supply at the same time as its neighbours, has driven more interest in gas storage and in a ‘further,…