PayPoint is to pay redress of £12.5 million after Ofgem launched an investigation in August 2017 into whether PayPoint had abused a dominant market position. PayPoint provides services to energy suppliers. It allows prepayment meter customers to top up their…
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National Highways to invest £11M in storage at service stations for rapid EV charging
by New Power •
Government-owned National Highways has announced that it will invest £11 million in 20 energy storage systems for service stations in England where the grid supply is not enough for rapid charging of electric vehicles (EVs). National Highways said it is…
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4GW offshore wind farm to supply power for hydrogen and ammonia production in Ireland
by New Power •
Singapore-based developer Enterprize Energy has signed an agreement to build a 4GW wind farm off the Irish coast and sell the power to a hydrogen facility on land, according to Bloomberg. Enterprize Energy told Bloomberg that rather than a subsidy…
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Bulb in Special Adminstration Regime
by New Power •
BEIS has published information for Bulb’s 1.7 million customers, after the supplier entered the ‘Special Administration Regime’. BEIS describes the ‘Special Administration Regime’ as a ‘long-standing, well-established mechanism’ that applies when a supplier fails and if Ofgem’s primary Supplier of Last…
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‘Road map’ planned for 2023 to pull lighter, low-carbon composites into offshore wind designs
by New Power •
A £5 million, 20-month programme, funded by the Department for Business, Energy and Industrial Strategy (BEIS) through its Net Zero Innovation Portfolio (NZIP), has been announced as the next step in developing manufacturing capability for offshore wind. It will result…
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From 20GW undersupply to 30GW oversupply: NGESO’s winter 2035 modelling shows urgent need for new power market design
by New Power •
By 2035 there will be periods when lack of wind and solar generation is low and electricity supply falls dramatically short of demand. But those times are far outweighed by periods when the GB system has a large excess of…
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Whitelee hydrogen project wins £9.4M BEIS funding
by New Power •
The Green Hydrogen for Scotland Consortium has won £9.4 million funding from the BEIS’s Energy Innovation Portfolio competition to develop a hydrogen production and storage facility. The facility will be sited at Whitelee wind farm, owned by ScottishPower, a member…
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Atrato’s £150M fund raising for rooftop solar to be deployed ‘within the year’
by New Power •
Atrato Onsite Energy has raised £150 million to invest in commercial rooftop solar in the UK. The new renewables investment trust said the initial public offering was oversubscribed ‘multiple times’, and the capital would be deployed within 12 months. Gurpreet…
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French interconnector restart in October and December 2022, says National Grid; Ventures business profit to jump despite outage
by New Power •
National Grid expects to return its IFA interconnector with France back in full service in two stages, it said in its half-year results statement. One of the interconnector’s two 1000MW links was shut down after a fire at the convertor…