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What is New Power?

New Power is a specialist report for anyone with an interest in the UK energy industry. We look in-depth at all the issues that have to be addressed to rebuild our industry – moving from a our centralised high-carbon power system to one that will provide heat and power securely, affordably and with minimal carbon dioxide emissions.

Why do you need New Power?

The UK energy sector is beginning unprecedented change. Over the next 20 years, more than 40GW of power generation capacity must be built to replace our ageing fossil fuelled and nuclear power stations. It is estimated that more than £100 billion will be spent on plant and related infrastructure – faster build-out than ever before. Our in-depth analysis, news and industry tracking data is your key to unlock this complex and fast-changing industry.

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News

Engie claims first blockchain ‘smart contract’ for green power buyers

by New Power • January 7, 2021

Engie, inspection and testing organisation Bureau Veritas and French research organisation CEA have announced the validation of smart contracts using blockchain. Engie said the smart contract solution had been developed by an internal startup company, The Energy Origin (TEO). It…

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Editor's blog

Do we have enough Electricity Margin Notices?

by New Power • January 6, 2021

This winter we have had four Electricity Margin Notices (EMNs), alerts from the electricity system operator NGESO to warn the market that the system operator wants more power available. Why is this so rare?  It might help if it happened more…

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News

Zeigo hosts first PPA execution, seeks more solar and wind developers to join platform

by New Power • January 6, 2021

Zeigo’s renewable energy procurement online platform has for the first time executed a power purchase agreement (PPA).  It has secured a PPA with a major UK energy supplier for two solar farms in Devon that belong to UK investment fund…

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News

Vehicle manufacturers: UK must build a battery industry by 2027 to compete in EV market

by New Power • January 6, 2021

“Investment in UK’s electrified supply chain, including accelerated large-scale battery production, is now crucial for sector’s long-term competitiveness and success,” according to SMMT, the lobby group for auto manufacturers and traders. It warned that the UK must grow its battery manufacturing…

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News

Call for London local energy projects to access £6M funding – ACT NOW register for briefing by 8 January

by New Power • January 6, 2021

London local energy projects can tap into £6 million of funding from the Local Energy Accelerator (LEA). Interested parties can register by 8 January for a Q&A session on 11 January to find out more. LEA will deliver £6 million…

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News

Ecotricity signs ten-year agreement to take power from Cornish geothermal plant

by New Power • January 5, 2021

Ecotricity has agreed a 10-year Power Purchase Agreement (PPA) for power generated at the United Downs geothermal site. Geothermal Engineering’s deep geothermal plant is expected to go into operation in 2022. It won £6.5 million funding from renewable energy investment company…

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News

SSEN calls on business customers to earn money by flexing usage – register interest by 31 January

by New Power • January 5, 2021

Scottish and Southern Electricity Networks (SSEN) wants business customers to register an interest by the end of January in providing flexibility to the energy system over the next eight years. It says owners of low-carbon technologies, generators and solutions that…

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News

Orsted wins consent for Hornsea Three offshore wind farm, overriding bird life concerns

by New Power • January 4, 2021

The Secretary of State has granted development consent to Orsted’s Hornsea Three offshore wind farm. A report from the planning inspectorate was initially passed to BEIS in July 2019 but the statutory date by which a decision was required was…

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Longread

ITM’s hydrogen ‘Gigafactory’ moves into manufacturing operation – read our interview

by New Power • January 4, 2021

ITM Power has announced that fit out of its 1GW/yr ‘Gigafactory’ at Bessemer Park has now reached ‘Practical Completion’ – contractors have handed the completed building and manufacturing can begin- having suffered only a minor delay from the Covid-19 pandemic. ITM…

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Coming up in New Power:

DATA offshore wind power project monitor;
ANALYSIS cash-out reform and its interactions; looking forward to IED
Further out, we'll be looking into constraint costs and the capacity market – contact us if you have comment

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