A poor governance structure at Northern Ireland’s electricity system operator (SONI) that leaves it closely managed by owner Eirgrid is potentially detrimental to consumers, with the potential for higher prices, favouring shareholders over consumers and blocking competition. Those fears were…
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Gore Street storage fund raising cash to speed up acquisitions
by New Power •
Gore Street Energy Storage Fund is set to acquire an 80MW energy storage project “ in the coming weeks” the company said, as it opened a new share issuing. The battery storage company said it had a development pipeline of 1.3GW of…
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Power Responsive Report: Stacking revenues from Balancing and Frequency Markets will be “game changing” for batteries, says NGESO
by New Power •
NGESO wants to nearly triple procurement of frequency response in its new Dynamic Containment product, up to 1400 MW in 2021, but so far providers have fallen short of meeting the system operator’s current 500MW target. In its annual ‘Power…
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Launching ‘Buildings as a Grid’, Eaton says smart onsite power is key to buildings that support EV charging – and the wider grid
by New Power •
‘Buildings as a Grid’ is the new keyline from power management company Eaton. It acquired EV charging company Green Motion in March and it and has launched a suite of hardware, software and services that enable building owners to step up…
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NextEnergy claims record for UK’s largest solar farm at 75MWp
by New Power •
Solar investor NextEnergy Capital Group has claimed the record for the largest solar farm constructed and energised in the UK with the 75MWp Llanwern farm. The £43M solar farm in Newport, Wales is one of two new subsidy-free solar farms brought…
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CMA grants permission to appeal price determinations to nine network companies
by New Power •
The Competition and Markets Authority (CMA) has granted nine energy companies permission to appeal price control decisions made by Ofgem on their business plans for the next five years. Cadent Gas, National Grid Electricity Transmission, National Grid Gas, Northern Gas Network, Southern Gas Networks and…
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Greencoat Renewables acquires Glencarbry wind farm
by New Power •
Greencoat Renewables has acquired Glencarbry wind farm from John Laing Group for £26.6 million. Glencarbry, in County Tipperary, Ireland, consists of 12 Nordex turbines that have been operational since July 2017. The wind farm’s revenues are contracted under the REFIT 2…
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UKRI has £1M in ‘flexible’ funding for research on offshore wind, heat decarbonisation or the green Covid recovery: register interest by 21 May
by New Power •
UKRI has issued a second Call for Proposals for research to be funded under its Flexible Fund. It expects to distribute £1 million of funding. It is looking for projects in three key research areas that are important to understanding…
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New tool will allow for consistent market entry on flexibility across all DNOs – sign up to join an online run-through
by New Power •
Distribution network operators (DNOs) will adopt a common tool from tomorrow (1 April) to market-test and make decisions on potential flexibility solutions. The new tool is a standard and transparent methodology to be used when choosing solutions to solve congestion,…