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…
News
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…
News
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…
Longread
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…
Editor's blog
How new-build assets stack up against behaviour change is exactly the question we should be addressing in public planning
by New Power •
‘Relevant technical experts’ must respond this week to provide input to BEIS over how energy planning and national planning statements will take account of sustainability and the required Habitats Regulations Assessment. Six national planning statements that underpin planning decisions on energy assets were…
News
ITM Power spins off ITM Motive: hydrogen fuelling company plans more filling stations for vehicle fleets
by New Power •
Hydrogen vehicle refuelling company ITM Motive has been spun off as a separate, wholly owned subsidiary of its parent ITM Power. All English refuelling assets have been transferred to ITM Motive, which was set up as a division in 2020…
News
Foresight Solar Fund takes first battery storage stake alongside JLEN
by New Power •
Foresight Solar Fund has acquired a 50% equity stake in Sandridge Battery Storage, which is developing a 50MW lithium-ion battery energy storage system in Melksham to be energised in October 2022. JLEN Environmental Assets Group will also acquire a 50% equity…
Longread
European energy regulators say Covid experience opened a window into the future on digitalisation, decarbonisation, smart meters
by New Power •
Covid has reinforced the value of digitalisation in energy systems, according to a first report on the pandemic’s effect on Europe’s national energy systems produced by the Council of European Energy Regulators (CEER). It said in national regulatory authorities (NRAs)…
News
Fires hit US biomass plant owned by major UK supplier
by New Power •
For the second time within a month fire has broken out at a facility in North Carolina, US, processing wood pellets for Enviva, a major supplier of biomass to UK power plants. Campaigners in the southern USA say this is the…