SP Energy Networks has accepted bids totalling 140MW of flexibility services, for the RIIO-ED2 business plan period 2023-2028, following the latest round of tendering. For the first time it tendered for low voltage flexibility and it accepted bids for 3MW…
News
Motor Fuel Group plans 2800 fast chargers across GB by 2035
by New Power •
Motor Fuel Group has announced it will invest £400 million over the next decade to install 2,800 Ultra-Rapid 150kW EV chargers across 500 sites. It will target 40 sites in 2021 that will have over 200 chargers. The initial focus will be…
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UK’s Nest pension fund joins forces with Octopus Renewables, plans to invest £250M in 2021
by New Power •
Nest, the investor that manages £16 billion in pensions for nearly a third of the UK’s workforce, is to partner with Octopus Renewables to commit around £250 million to renewables projects in the UK and Europe in 2021. Nest said…
News
Act by 26 March: ports seek clean flexible power sources for the ship to shore connection
by New Power •
A competition for solutions to the supply of flexible clean power to ships and other port users closes on 26 March. Currently ships in berth receive power from onshore facilities and port owners have to managing energy being delivered to the…
News
Legal and General to begin work on ‘operationally net zero’ retirement community
by New Power •
Legal & General has started work on building a ‘Net Zero’ retirement community. The new community, Millfield Green, in Caddington, central Bedfordshire, and will eventually have 200 specialist age-appropriate homes. It will use renewable energy generation through on-site photovoltaics, EV-charging,…
Editor's blog
If hydrogen is to work it can’t be second class for domestic users
by New Power •
Janet Wood asks how we will look back on the hydrogen future In the short term, a switch to electric heating is expensive and disruptive. It may mean new heating systems are needed throughout the property. In contrast, a switch to…
News
Global investor chief Lawrence Slade says UK needs a delivery plan to unlock green infrastructure funding, warns cash set to go elsewhere
by New Power •
Regulatory pressure including the RIIO settlements have created a “nervousness in investors” and a new uncertainty and the government “missed an opportunity in the budget to put that right,” according to Lawrence Slade, chief executive of the Global Infrastructure Investment…
News
Four Drax gas turbine projects still up for sale – now with £230M in Capacity Market contracts
by New Power •
Drax says that it is still considering the sale of four 299MW open cycle gas turbine (OCGT) projects at sites in England and Wales, although three of them have provisionally secured 15-year Capacity Market agreements in the T-4 auction. The agreements are…
News
Ofgem plans to cut electricity distributors’ return on equity by a third from 2023
by New Power •
Citizens Advice has welcomed an announcment from regulator Ofgem that it would cut allowed returns for electricity distribution network operators (DNOs) by a third in the upcoming price review period, saying “In the face of appeals by other energy networks over…