The UK’s exit from the EU has shut the GB electricity market out of sharing arrangements for backup power that the UK’s system operator estimates would cut GB balancing costs by €17M (£15.4M) a year. Now NGESO is seeking industry…
Perspective
OPINION: Heat networks can offer a flexible approach to decarbonisation – tell us your story
by New Power •
In just five years time renewables are expected to overtake coal to become the largest source of electricity generation worldwide, supplying one third of the total. Andrew Cripps, director sustainability, buildings and places at AECOM, part of the Triple Point Heat…
News
Anesco and Gresham House join forces for £100M solar farm rollout
by New Power •
Anesco and Gresham House are embarking on a £100M solar rollout that is expected to see 200MW of ground-mounted projects installed over the next three years. Asset manager Gresham House will fund the portfolio, which will comprise sites ranging in size…
Longread
INTERVIEW: Mark Futyan, Anesco
by New Power •
Mark Futyan started work on transforming Anesco just before the lockdown started. But as he told New Power in this interview first published in August 2020, transforming a relatively small company like Anesco was a very different prospect than making…
News
Gulf steps into e-mobility space as it joins Clean Growth Fund with £6M stake in Indra smart EV charge company
by New Power •
Gulf Oil International has moved into the e-mobility sector, investing alongside UK venture capital fund, the Clean Growth Fund, in smart EV company Indra. The two will inject £6million of investment into Worcestershire-based Indra, which manufactures a range of smart…
News
ACT NOW: recruitment starts for ten community energy ‘mentors’, to help kick start more projects
by New Power •
CSE, Power to change and Cooperatives UK want to stop community energy groups ‘reinventing the wheel’ and are recruiting up to ten mentors to help groups. The aim is to speed up the learning process, create successful and replicable projects,…
News
Battery storage investor pool grows, signalling cheaper finance
by New Power •
A wider range of investors are taking a stake in the battery storage industry, signalling a lower cost to finance, according to new figures from Mercom that also showed a hike in overall investments. Mercom found that total corporate funding…
Editor's blog
A good idea a decade ago?
by New Power •
Once again Kwasi Kwarteng MP talks up nuclear as “The only way we can get decarbonised firm power which isn’t intermittent …We will need a source of power that isn’t fluctuating, that isn’t dependent on the wind blowing and the…
News
£5k bonus for embedded generators who adjust plant ‘set points’ this quarter – and warning over May deadline for full subsidy
by New Power •
Generators connected to the electricity network are urged to claim thousands of pounds in funding before Apil this year to help them carry out necessary work to boost network resilience. As well as being paid to make the change, a ‘fast…