Caroline Bragg, Chief Executive Officer, ADE: “Today’s Spring Budget only confirms what the whole of industry know: jobs, infrastructure and energy security must be at the forefront of decision-making. “Securing growth in these areas will be vastly dependent on important…
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West London datacentre plan prompts transmission upgrade
by New Power •
Real estate investment trust SEGRO has formed joint venture with Pure Data Centres Group, owned by Oaktree, to develop a 56MW data centre in Park Royal, London. The companies will invest £1 billion in the project on a 10-acre industrial…
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Root-Power receives planning permission for Rochdale battery
by New Power •
Root-Power has received planning permission for a new 30MW/60MWh battery in Rochdale, Greater Manchester. The company said the site was initially identified because of its limited potential for agricultural use, with the land currently used for advertising boards. The development…
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Drax beats Foresight bid for Harmony’s battery portfolio
by New Power •
A subsidiary of Drax (Drax Bidco) has beat a recent bid by Foresight Group to acquire battery operator Harmony Energy Income Trust (HEIT). Drax Bidco has offered 88p per share, valuing the company at £199.9 million. Last week Foresight announced…
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Cornwall Insight figures show boost to battery revenues from Quick Reserve product
by New Power •
Battery revenues have quadrupled since December 2024, according to recent analysis by Cornwall Insight, largely because of much higher revenues from grid stabilising reserve services. Such services were just 4% of revenues at the start of December 2024. But Cornwall…
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Ofgem allows early procurement to beat supply chain crunch
by New Power •
Ofgem has given the go-ahead for transmission network companies to procure equipment earlier to speed up network expansion. Huge investment is required in the electricity transmission network, but transmission owners face constraints in the supply of equipment and services also…
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Grangemouth low-carbon options set out in ‘Project Willow’ report
by New Power •
A feasibility study has set out nine options for its future of the Grangemouth site following the recent decision by Petroineos to decommission the oil refinery . A ‘Grangemouth Investment Team’, comprising the Scottish Government, UK Government, the Office for…
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CMA clears Iberdrola’s ENW acquisition
by New Power •
The Competition and Markets Authority (CMA) has cleared Scottish Power owner Iberdrola’s acquisition of an 88% shareholding Electricity North West. Iberdrola said it was part of its strategy to strengthen its networks business in countries with strong ratings, such as…
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Ofgem gives go-ahead for advanced procurement to allow quicker start to transmission build-out
by New Power •
Energy regulator Ofgem has given the go-ahead for transmission network owners to book supply chain capacity early, so that expansion of the high-voltage electricity grid can move forward faster. The new Advanced Procurement Mechanism allows GB’s three transmission owners (National…