Ecotricity has beefed up its cash offer to Good Energy shareholders by 18%, as it tries to take over its fellow green energy specialist. Ecotricity announced on 16 September that it would increase its offer from 360p to 400p. Ecotricity…
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NextEnergy joins with Eelpower to enter grid-scale storage market
by New Power •
Solar investment company NextEnergy Solar Fund (NESF) has joined with energy storage company, Eelpower in a £100 million joint venture partnership which has signed its first acquisition of a 50MW standalone utility scale battery energy storage project. The 50MW storage…
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eEnergy acquires Utility Team
by New Power •
‘Energy efficiency as a service’ company eEnergy Group has acquired energy consulting and procurement business Utility Team for £21 million. It also took on a 5% share in UtilityTeam Trading. The initial consideration represents an acquisition multiple of 7.1x of…
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Osprey plans 1500 EV charging points at 150 sites by 2025
by New Power •
Osprey Charging has announced plans for over 150 high-powered electric vehicle (EV) charging hubs across the UK, totalling 1500 charging points, by 2025. The sites, which will be on strategic A-roads and adjacent to motorways, will have 150-175kW rapid chargers.…
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Scottish Affairs Committee: Ofgem should act to remove disbenefits for Scottish renewables
by New Power •
Over the coming year Ofgem should complete an urgent review of the grid in Scotland and within six months it should review the financial burden of transmission charges in Scotland, says the Scottish Affairs Committee. It wants transmission charges and…
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Mitie offers customers ‘no upfront cost’ EV chargers and PV
by New Power •
Mitie is offering to install EV chargers companies as one of four new ‘Plan Zero BoltON packages’ that do not require capital upfront. The packages cover remote building management (Pulse), solar power (Shine), lighting optimisation (Glow) and electric vehicle (EV)…
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Two more failures mean half a million domestic customers and 1000 businesses need new supplier
by New Power •
Two energy suppliers, Utility Point and People’s Energy, have announced that they are ceasing to trade. Utility Point supplies gas and electricity to around 220,000 domestic customers. People’s Energy supplies gas and electricity to around 350,000 domestic customers and around…
Longread, Perspective
Opinion: A tidal wave of EVs will drive the flexibility market
by New Power •
James Johnston, chief executive and co-founder of Piclo, looks forward to the system benefits of electric vehicles The electric vehicle (EV) revolution is finally upon us. EVs are now a common sight throughout the UK and this is reflected in…
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A fragmented energy supply industry ‘will raise regulatory challenges’
by New Power •
The decarbonisation of heat will fragment the UK’s utility structure and throw up new challenges for regulation, suggests discussion at the British Institute for Energy Economics (BIEE) biannual research conference. A potential future emerged that would see households split between…