C-Capture has tapped £8M in new funding from its shareholders IP Group, Drax, and BP Ventures, with additional funding from the British Business Bank’s Future Fund. The company is working on a ‘post combustion’ carbon capture technology that could be used…
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Insurance fund aims to cut the cost of Europe’s first ocean energy projects
by New Power •
Ocean Energy Europe (OEE) has kicked off design of a European insurance fund for the ocean energy sector, with the aim of cutting the cost of early commercial projects and accelerating the roll-out. It has appointed risk and insurance consultancy…
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Downing to start up 50MW Southampton battery in August, plans EV charging superhub in second phase
by New Power •
Investment manager Downing is set to complete a 50MW/53MWh battery at Nursling, Southampton, connected directly to the transmission network. The battery will trade in NGESO flexibility markets and a second phase aims to develop a private wire network and a…
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Local council joins forces with Coventry Airport to host EV battery ‘gigafactory’; kicks off search for funding
by New Power •
A joint venture between Coventry City Council and Coventry Airport that will develop proposals for a battery ‘Gigafactory’ is set to be greenlighted at a council cabinet meeting on 23 February. The partners will develop proposals and submit an outline planning application…
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Norfolk Vanguard offshore wind development consent quashed: consideration of impact of co-located onshore works was ‘cursory’
by New Power •
The High Court has quashed development consent awarded to Vattenfall’s 1.8GW Norfolk Vanguard offshore wind farm. The Hon Mr Justice Holgate said that the secretary of state had been wrong not to consider the cumulative effect of co-locating the onshore…
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National Infrastructure Commission calls for immediate action on infrastructure bank to crowd in green investment
by New Power •
The National Infrastructure Commission has called on government to make establishing an infrastructure bank a priority in 2021. It wants to see the bank operational in an interim form this spring, so it can support infrastructure projects to help meet the…
Longread
INTERVIEW: Sebastiaan van Dort, head of energy at BSI, says standards can underpin a more flexible and inclusive energy sector
by New Power •
Sebastiaan van Dort, associate director & head of energy at BSI, says standards are the simple way to get innovation and confidence into the energy industry. And a ‘flex’ approach means standards can developn alongside their use cases A…
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WPD ‘vehicle to grid’ trial extended, British Gas joins Green Energy UK and Igloo Energy as supplier
by New Power •
UPDATED: Electric Nation has anounced British Gas as the final partner in its Electric Nation vehicle to grid V2G project. It has aleady announced Igloo Energy and Green Energy UK as supplier partners, along with Flexitricity, which provides flexibility to the grid operator.…
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MPs call for lower VAT on green measures and a cross-economy carbon tax; spending watchdog wants green tax strategy
by New Power •
The government should begin scoping work on a carbon tax to incentivise low-carbon changes across the whole economy, according to a new report from the Environmental Audit Committee, and investigate the merits of carbon border adjustments as one way of addressing…