Thrive Renewables is to invest up to £6.5 million in the UK’s first geothermal power plant at the United Downs Industrial Estate in Cornwall. The plant, being developed by Geothermal Engineering, will produce 3MW of electricity and up to 12MW of heat…
News
T-4 Capacity Market auction will see target procurement cut further
by New Power •
Energy minister Kwasi Kwarteng has reduced again the target for procuring electricity generating capacity in the upcoming Capacity Market auction. The target capacity for the T-4 auction for delivery in 2023/24 is 43.1GW, 200MW below the target expected just a…
News
Distribution markets make a slow start
by Annabel Andrews •
Markets for fexibility run by distribution network operators (DNOs) have made a very slow start, according to comments made at NGESO’s recent Power Responsive forum. There have been bidders available for just 20% of the requirement so far offered. However, there have been dramatic…
News
Vattenfall joins forces with Midlothian Council to provide energy services to new town
by New Power •
Vattenfall has been selected by Midlothian Council as its energy partner, joining to set up an Energy Services Company (ESCo). This partnership, which will be a 50/50 joint venture, will focus on delivering a wide range of energy projects across…
News
Ofgem warns Outfox the Market over outstanding FIT payments
by New Power •
Small supplier Outfox the Market has been told by Ofgem that it must pay outstanding feed-in tariff payments of £602,930 by Wednesday 12 February, or it may have its licence revoked. Foxglove Energy – the licence-holder, which trades under the…
News
Gove: livestream COP sessions to improve transparency
by New Power •
COP sessions could be live-streamed to promote transparency and ensure that national leaders have to tell the same story on the conference steps that they did during negotiating sessions, suggested Michael Grove MP, chancellor of the Duchy of Lancaster. Grove…
Perspective
OPINION: Consumer action is the key to net zero
by New Power •
Chris Harris says so far consumer action on decarbonisation remains an untapped resource. How can it be harnessed? Climate change has been on the political agenda at least since the Kyoto Protocol in 1997, driven by the United Nations…
News
Smart grid platform aims to speed up development with move to ‘open source’
by New Power •
Dutch distribution system operator Alliander is open sourcing its smart systems platform, formerly known as Open Smart Grid Platform, to speed up development. The system will now be known as Grid eXchange Fabric (GXF) and be developed through LF Energy. Millions…
News
EBRD issues largest-ever green bond
by New Power •
The European Bank for Reconstruction and Development (EBRD) has issued its largest ever green bond, a US$925 million 5-year Global (SEC Exempt) Environmental Sustainability Bond that will be used to support investment in five areas: energy efficiency, renewable energy, water management,…