UK-based RedT energy and US-based Avalon Battery Corporation are to merge with the aim of becoming a world leader in vanadium flow batteries.The new company will be known as Invinity Energy Systems (Invinity). Vanadium flow batteries supply heavy-duty, stationary energy storage, and…
News
UK Power Networks seeks feedback and ideas in new plan for low-carbon heat
by New Power •
UK Power Networks has outlined plans to plans to help reduce the carbon impact of heating and asks for ideas and comment. Heat accounts for over a third of total UK CO2 emissions. UK Power Networks is now consulting on…
News
Good Energy and Engenie combine to offer ‘blended’ fast and slow EV charging options
by New Power •
Good Energy and EV charging network specialists Engenie have formed a partnership to support new business opportunities in the fast‐moving electric vehicle market. Data from Zap‐Map, the app partly owned by Good Energy, shows that the number of public charge…
News
Moody’s downgrades Centrica rating
by New Power •
Rating agency Moody’s has downgraded ratings of Centrica’s debt. In a note it said that British Gas’s owner had seen profit fall by 35% in 2019, due to the default tariff cap, low wholesale gas prices and nuclear outages. While…
Flash update
ACT NOW: Supergen Energy Networks Hub seeks bids for £400k in research funding
by New Power •
The Supergen Energy Networks (SEN) Hub has invited expressions of interest grants towards energy projects. The Hub’s Flex Fund has £400k of grant money to award to around four projects. It wants expressions of interest for projects of up to £125k based around resilience. The…
Flash update, News
ACT NOW: north east energy innovators invited to pitch for business and financial support
by New Power •
The North East Energy Catalyst is launching an Energy Innovation Challenge that could see SMEs secure up to £20,000 of investment and an additional £20,000 funding towards the development and commercialisation of their ideas, as well as business support to help…
News
Budget 2020: chancellor claims government ‘is raising its ambition to decarbonise the economy’
by New Power •
“Reducing carbon emissions and enhancing the environment are major government priorities,” according to Chancellor Rishi Sunak MP, who told MPs in his Budget statement that government wanted to “Create the high-skill high-wage low-carbon jobs of the future”. He wanted to, “Raise…
News
Budget 2020: the industry responds
by New Power •
Lord Deben, chair, Climate Change Committee: “This a realistic start. Obviously we will have to wait for the Infrastructure Strategy to see it all in the round. I am particularly pleased to see the Chancellor’s support for carbon capture and storage…
News
CMA wants to act faster on competition failings, to restore confidence in markets
by Annabel Andrews •
“The existing [competition and markets] framework, in the years ahead, just won’t do. It has to be substantially improved”. That was the summation from Andrew Tyrie, chair of the Competition and Markets Authority (CMA), at a recent Policy Exchange debate…