Wales is set to speed up carbon reduction in its economy and commit to an independent Net Zero target by 2050. Announcing new regulations and a legally binding target, Lesley Griffith AM, minister for environment, energy and rural affairs, said…
News
Cheaper vehicles or easier charging? Bright Blue and Policy Exchange offer proposals to speed up electric vehicle adoption
by New Power •
Battery electric vehicle registrations surged in January, according to the Society of Motor Manufacturers and Traders (SMMT). There were 6240 BHEVs registered during the month, compared with 4054 in January 2020. In contrast – and also due to the effect…
Editor's blog
Range anxiety again?
by New Power •
Think tanks Bright Blue and Policy Exchange raise some useful policy proposals aimed at speeding up the rollout of electric vehicles (see story here). A couple raise questions. Policy Exchange would see government offer competitive tenders and long term contracts…
News
Weir Minerals expects ‘tangible saving’ from selling foundry flex into response, capacity markets with GridBeyond
by New Power •
Weir Minerals says that since December its foundry has been monetising 1MW of its energy flexibility by participating in the fast-acting Dynamic Firm Frequency Response (DFFR) scheme run by NGESO. The foundry has been using GridBeyond’s platform, Point, to enter the…
News
Arenko takes on ‘route to market’ role for Gore Street battery, says it has 100MW pipeline
by New Power •
Asset management software provider Arenko has brought the total capacity under its control to 51MW of operational assets, after signing a contract with Gore Street Energy Storage Fund. It will provide a route to market for Gore Street’s operational 10MW energy…
News
New investors in Highview Power plan ‘liquid air’ storage in Middle East, Africa, USA
by New Power •
Highview Power has secured new funding of over $70 million for its ‘liquid air’ cryogenic energy storage technology, bringing the total amount of funding and grants the company has secured to date to over $145 million. Funding includes a previously announced…
Longread
Shifting sands of network options present conundrum for competitors and consumers
by New Power •
The NGESO’s annual Network Options Assessment (NOA), published in January, set new network investment in train, with a recommendation that 41 new-build options proceed, at a total cost of £13.9B. The recommendation would see £183M invested this year. But the decision also highlighted the potentially…
News
‘Denser than water’ mini pumped storage solution successfully crowd-funds test rig
by New Power •
RheEnergise has raised enough investment via Crowdcube – £320k – to finance building a 500kW test rig for its ‘High-Density Hydro’ energy storage solution. The R&D work to date has been part-funded by Innovate UK, an arm of the UK…
News
Offshore wind leasing round brings forward 8GW but high option costs raise concerns
by New Power •
The Crown Estate has announced six proposed new offshore wind projects in the waters around England and Wales totalling nearly under 8GW, in a leasing round that saw bidders commit £879M (£111M/GW/y) in option fee deposits. RenewableUK said thatin comparison, developing and constructing a 1GW…