NeuConnect has confirmed plans for financial close on its interconnector in September and the start of initial works later this year, with major construction works starting in 2022. The 1.4GW, 700km interconnector between the GB and German energy markets will…
News
Gresham House storage fund opens £100M fundraising to bring battery portfolio to 1.2GW
by New Power •
Utility-scale battery owner Gresham House Energy Storage Fund has opened a new share offering to raise £100 million with the aim of bring its portfolio of batteries to 1.2GW by mid 2023. The offering closes on 7 July. The fund…
News
Gridserve to add 50 motorway fast charging sites with ten installed this year, and upgrade 150 ‘Electric Highway’ sites
by New Power •
TPG’s global impact investing platform, The Rise Fund, has announced plans to invest in Gridserve alongside existing shareholder Hitachi, in a £100 million push to roll out EV charging across the UK> Gridserve has rebranded Ecotricity’s Electric Highway network, acquired…
News
First Cornish geothermal power expected in 2022; companies announce four further plants and long term target of 500MW
by New Power •
Geothermal Engineering has announced that its ‘proof of concept’ power plant on the United Downs industrial estate in Cornwall is now producing geothermal steam at 175degC extracted from 5.1km underground, and it has plans for four deep geothermal power plants…
News
Powerhouse’s ‘waste to hydrogen’ plant pipeline up to two; partner Peel announces link-up for hydrogen filling stations
by New Power •
A planning application will be submitted “within three months” for a second facility that can produce hydrogen from waste plastic, end-of-life-tyres and other waste streams using Powerhouse’s ‘DMG’ technology, in partnership with Peel NRE. Powerhouse says Powerhouse DMG plant will…
News
Lincolnshire’s exhausted oil wells investigated as source of geothermal energy
by New Power •
An onshore oil field in Lincolnshire could be used as a source to provide geothermal heat. Europa Oil & Gas, which operates the West Firsby oil well in Lincolnshire, has announced plans to assess the field’s potential as a geothermal…
News
Flywheel storage that offers an ‘EV boost’ to manage grid supply wins government grant, plans crowdsource fundraising
by New Power •
Flywheel technology that will give an EV driver 100 miles range with a 5 minute charge, and be deployed in rural areas, has won a £545,000 grant from the UK Office for Zero Emission Vehicles, in partnership with Innovate UK.…
Perspective
OPINION: Digitalisation and energy – finding the sweet spot
by New Power •
Simon Skillings, senior associate at E3G, Third Generation Environmentalism, argues that we need to take the fastest way of using digitalisation to support the energy transition. That means making it part of a coherent overall policy package that helps improve…
News
Bluefield Solar plans £150M share offering to acquire and repower wind portfolio
by New Power •
Bluefield Solar has agreed to acquire 109 small UK onshore wind turbines with a total capacity of 12.59MW for £60 million (including working capital) from Arena Capital Partners Limited. Bluefield plans to invest a further £35 million in re-powering 17…