PowerHouse says it expects its first project to convert plastic into syngas and power, planned at Peel NRE’s Protos site, will be commissioned and operational by the end of Q1 2022, and a plant in Poland may be commissioned within a…
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Cross-party political declaration of support ‘fundamental’ to sourcing £20B investment needed for Sizewell C
by New Power •
If the government wants to make a new nuclear plant at Sizewell C an attractive investment it this already becoming evident in early engagement that it “needs a pollical declaration” of support from across political lines, according to Stephen Vaughan,…
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INTERVIEW: Beverley Gower-Jones, managing partner, Clean Growth Fund
by New Power •
Beverley Gower-Jones has a good record in picking innovation. That is why after 15 years at the helm of Carbon Limiting Technologies, which included managing the government’s Energy Entrepreneurs Fund, she is now managing partner at the Clean Growth Fund. Her…
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Downing trust picks up solar assets
by New Power •
Downing Renewables & Infrastructure Trust has competed the acquisition of solar PV assets in Great Britain and Northern Ireland totalling 96MWp. It paid £42M (including working capital balances and cash held by the portfolio companies). The portfolio comprises: 13 ground-mounted sites…
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Energy efficient tomatoes: Triple Point acquires IoW energy centres
by New Power •
Triple Point Energy Efficiency Infrastructure Company has completed the acquisition of energy centres on the Isle of Wight that supply heat, electricity and carbon dioxide to the UK’s largest tomato grower, APS Salads. The deal includes 15 year energy services agreement…
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National Grid to buy WPD, UK’s largest DNO, and sell majority stake in National Grid Gas
by New Power •
National Grid is to acquire Western Power Distribution, the UK’s largest electricity distribution network, for £7.8B and begin disposal of a majority stake in National Grid Gas, currently valued at £6.4B, in a “strategic pivot” towards electricity. The WPD acquisition…
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Gemserv: turning industry codes up to 11
by New Power •
Energy industry codes have long been a block on innovation in the sector. Fundamental reform is planned, but Gemserv has put forward a set of proposals that could be taken on immediately, and give users more power more quickly. Gemserv…
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Hospitals, schools and other public sector buildings win nearly £1B funding to decarbonise: second competition promised
by New Power •
BEIS has said it will open a second phase of the Public Sector Decarbonisation Scheme in 2021/22 after announcing grants of £932M in Phase 1 of the Scheme. So far 317 public sector organisations have been awarded funding for 429 energy…
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Nine areas win £171M in CCUS and hydrogen funding as BEIS sets out Industrial Decarbonisation Strategy
by New Power •
The Department for Business, Energy and Industrial Strategy has announced major investment to cut emissions from industry and from public buildings in a new Industrial Decarbonisation Strategy. It will allocate £171 million from the Industrial Decarbonisation Challenge to nine projects to…