A new social impact energy grant scheme opens today for applications. Centrica says its ‘Energy for Tomorrow’ scheme aims to support and empower entrepreneurs, particularly those from underrepresented groups, who have concepts and innovations to tackle climate change and lower energy bills…
News
‘Significant and immediate’ low-carbon housing need prompts L&G stake in Kensa Group
by New Power •
Legal & General Capital has acquired 36% of ground source heat pump company The Kensa Group. Legal & General said the acquisition complemented its clean energy investment portfolio, which recently included an increased stake in vehicle charging company Pod Point. It…
News
Power Responsive: more change on the way
by New Power •
Demand side flexibility (DSF) has been winning market share in National Grid ESO’s ancillary service markets, according to the Power Responsive annual report. Product evolution has seen some settle to ‘natural price points’, the system operator said, but it indicated…
News
Power generators asked ‘how low can you go?’ as NGESO seeks services to manage depressed demand
by New Power •
National Grid ESO wants to contract power operators who can offer so-called ‘SuperSEL’ (stable export limits) services to help it keep the grid stable at times of very low demand. It wants to know about plants’ reactive power, inertia and…
News
InterGen to pay £37M for power market manipulation
by New Power •
Generating company InterGen has to pay £37,291,000 in restitution and fines after Ofgem found it had manipulated the power market during 2016. An Ofgem investigation found that InterGen made £12.8 million when its staff manipulated the market during four days…
News
Zeigo completes funding round
by New Power •
Zeigo has closed a £800,000 Seed Funding Round led by Naruhisa Nakagawa, founder of Caygan Capital. Zeigo is an energy tech platformthat connects corporate energy buyers (private and public sector) with renewable energy generators and suppliers.It allows customers to promptly…
News
CCC directs ministerial attention to a ‘net zero’-focused exit from CV-19
by New Power •
The Committee on Climate Change (CCC) is preparing to set out advice to ministers on ensuring that rebuilding efforts after the CV-19 crisis support a ‘just transition’ towards Net Zero emissions and strengthen the UK’s preparedness for climate change. It will…
News
Welsh tidal stream project recruits three developers
by New Power •
North Wales tidal stream energy project, Morlais, has signed up three new turbine developers. French firms Sabella and HydroQuest, and Spanish developer Magallanes, all aim to deploy devices on a commercial scale at the Crown Estate-designated zone off the coast of…
Editor's blog
From the fax to the future: the system operator needs to take a big leap
by New Power •
National Grid’s system operators are both doing a great job – in gas and electricity – balancing supply and demand and managing the system through the Coronavirus crisis. It is groundbreaking stuff. It’s not made any easier by the legacy…