Carlton Power has entered into a joint venture agreement with Highview Power Storage Inc to build and operate a 50MW, 250MWh long-duration ‘liquid air’ (cryogenic) energy storage system. The two companies have created a joint-venture company, named Carlton Highview Storage,…
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BEIS seeks input: Alok Sharma MP calls for ‘ideas and insights’ on green recovery
by New Power •
How can the UK capture economic growth opportunities from the shift to net zero? Alok Sharma, secretary of state at the Department for Business, Energy and Industrial Strategy addressed that question at a round table last week and has invited…
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EDF signs battery optimisation deal with Zenobe Energy in search of ‘major role’ in market
by New Power •
Zenobe Energy has partnered with EDF to trade and optimise 59MW of its grid-scale battery portfolio, as part of which EDF will provide Zenobe with a floor price. The partnership covers Zenobe’s operational batteries in Claredown, Aylesford and Kings Barn…
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Social Market Foundation: UK needs its own investment bank
by New Power •
Government should act now to reform public investment in infrastructure and make it easier for pension funds to invest, says the Social Market Foundation. The SMF says to offer short-term economic stimulus, investment should focus on projects that can be…
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Viking Link funded by ‘green loan’
by New Power •
The Viking Link interconnector between Denmark and GB has won the first ‘green loan’ arising from multiple export credit agency (ECAs), National Grid has announced. At 472 miles, from the Lincolnshire coast to Western Denmark, the 1.4GW HVDC link being…
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Britishvolt names Welsh site for ‘gigafactory’ battery fabrication plant
by New Power •
Britishvolt has named Bro Tathan in South Wales as the lead site for its planned battery ‘Gigafactory’. The company said Bro Tathan was the leader of two shortlisted sites for the factory, which aims to produce batteries storing 30GWh annually. It…
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Eurelectric: green transition can aid post-Covid industrial recovery
by New Power •
Eurelectric has added its voice to organisations calling for a green industrial revival to aid the recovery from Coronavirus. In a set of policy recommendations the European lobby group called for measures to accelerate the transition, including: Stimulate capital-intensive investments…
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Net Zero planning challenge reveals Energy White Paper delayed ‘up to a year’
by New Power •
The Energy White Paper may not be published until late 2021, it has emerged, as campaigners have issued a High Court challenge to the government over its failure to consider reviewing planning policy statements in the light of new legislation on…
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Scottish Government pledges £62 million to help Aberdeen take the hydrogen route to Net Zero
by New Power •
The Scottish Government has announced a £62 million fund to help the energy sector recover from the dual economic impacts of coronavirus and the oil and gas price crash. The fund, to be spent over the next five years, will help…