The Business, Energy and Industrial Strategy (BEIS) Committee has launched an inquiry on net zero governance, to examine what leadership and co-ordination will be needed by government to reach net zero by 2050. The Committee will consider the Department for…
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Drax beguns consultation on new pumped storage plant at Cruachan – but warns investment decision will not be taken without an ‘updated market support mechanism’
by New Power •
Drax Group has begun consultations that will lead up to an application for planning consent for a new underground pumped hydro storage power station that would double the capacity at its Cruachan facility in Scotland. But the company said reaching…
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ACT NOW: Aberdeen opens tender for joint venture partner to develop green hydrogen supply hub
by New Power •
Aberdeen City Council has opened a tender for a joint venture partner to build Scotland’s first commercially scalable, investable hydrogen production site in the city. It follows a market engagement exercise conducted earlier this year that prompted ‘significant interest’. The…
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Report: 2020 ‘petri dish’ reinforced need for new market design and independent operator
by New Power •
Anyone who doesn’t think that the sixth carbon budget was a step up in decarbonisation ambition for the energy sector and anyone who doesn’t think that is “stark staring mad”, Tom Corcut, Ofgem’s deputy director for wholesale markets, said during…
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Intergen plans to convert Rocksavage to blend hydrogen and eventually move to 100% hydrogen burn
by New Power •
HyNet North West and InterGen have released plans to collaborate to create a low carbon power station at InterGen’s Rocksavage power plant in Liverpool City Region. InterGen has owned and operated the gas-fired Rocksavage plant for nearly 25 years. It…
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BEIS steps back from requiring Capacity Market units to join BM in 2022 – but says it remains ‘preferred option’ to raise visibility
by New Power •
The government has stepped back from a plan to require all participants in the Capacity Market to also register as participants in the Balancing Market (BM). Publishing the outcome of a consultation on this and other changes to the Capacity…
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Europe’s TSO group seeks feedback on research priorities to address ‘enormous’ transformation of energy system
by New Power •
Research is urgently required to give Europe’s energy system operators the tools to accommodate both hundreds of gigawatts of offshore wind and embedded DC networks in the power system of the future, and to ensure the system is able to…
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UKERC: Settling post-Brexit energy rules ‘ties up civil servants who should be planning our Net Zero pathways’
by New Power •
Negotiating practical arrangements for the UK and EU energy markets to work together in the long term is taking up civil service capacity that we can ill-afford to lose, at a time when the need to develop energy and climate…
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Strathclyde Pension Fund to invest £20M in Clean Growth Fund
by New Power •
The Clean Growth Fund (CGF) has won a capital commitment of £20M from Strathclyde Pension Fund. The investment will bring the total amount raised by the Fund, a venture capital fund investing into promising early-stage UK clean technology ventures, close…