Siemens is taking a stake in the long term battery storage industry, signing a joint development and commercialisation agreement with Invinity for the latter’s flow battery technology and taking options on a stake in the company. The agreement, between Invinity…
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Guidehouse: It’s time to rethink the offshore wind grid delivery model
by New Power •
Izabela Kielichowska, associate director, Guidehouse, Brussels,says ambitious offshore energy growth plans are driving new thinking about energy system design in the UK The UK has been a leader in global and European offshore wind developments. In its 2020 Energy White Paper, the British…
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Mast reports on projects in a reserve power pipeline aiming to total 300MW
by New Power •
Mast Energy Developments has set out its reserve power project pipelinefollowing its listing on 14 April. It is targeting 300MW of capacity and said it is engaging with developers and has access to sites totalling around 166MW. Among its target…
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Aquila plans £150M float to fund energy efficiency upgrades for corporates, promising smart buildings, EV, PV and storage
by New Power •
Aquila Energy Efficiency Trust has announced plans to raise £150M to invest in energy efficiency projects with corporates in the UK and Europe, via an initial public offering and listing on the London Stock Exchange. It plans to offer efficiency…
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Synchronous condensors: ready to roll out?
by New Power •
Janet Wood looks at a grid stability option and asks whether it might prompt an addition to the power sector’s expanding suite of investment asset classes In the past, a gas turbine might have been thought more enticing to…
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Mott MacDonald Ventures joins with Clean Growth Fund in Piclo investment
by New Power •
Mott MacDonald Ventures is to take a stake in Piclo, the energy flexibility trading platform that connects buyers and sellers of energy. It has made an equity investment as part of a Series A £4.7M funding round the Clean Growth Fund (which…
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Symbio Energy hit by £100k penalty, Ofgem says saga showed ‘serious weaknesses’ in Symbio’s financial management
by New Power •
Supplier Symbio Energy will be fined £100,000 for repeated late payments under the feed-in tariff and Renewables obligation schemes, Ofgem has announced. The proposed penalty has been the subject of correspondence between the company and the regulator, not least because…
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ACT NOW: Environmental Audit Committee calls for evidence on building a UK supply chain for EVs and their batteries
by New Power •
The Environmental Audit Committee (EAC) has opened an inquiry into the supply chain for battery electric vehicles and asked for evidence from stakeholders.. It says a supply chain focused on battery technology and the associated power electronics, machines and drives…
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INTERVIEW: Mike Lockett, Uniper, talks about going carbon neutral by 2035
by New Power •
Janet Wood talked to Mike Lockett, Uniper’s chief commercial officer, power, and UK country chairman, about how a fossil generator sets out to be carbon neutral in less than two decades A year ago Uniper announced a carbon neutral target…