Legal & General Capital has taken a 13% stake in charge point operator Pod Point. Legal & General says electric vehicles “will be an integral part of delivering that clean environment and transforming the UK’s transport systems”. Estimates suggest that by…
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Good Energy to acquire electric vehicle app Zap-Map
by New Power •
Good Energy has taken a 12.9% share in electric vehicle app Zap-Map’s parent company, with an option to take a majority share within two years. The app helps EV drivers locate charge points and check their availability. Registered drivers help…
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Groups launch legal challenge to EU’s support for biomass
by New Power •
A group of plaintiffs from five European Member States, including Romania, Ireland, Slovakia, France and Estonia, are mounting a legal challenge the EU’s 2018 Renewable Energy Directive. The case, which will be filed in the European General Court in Luxembourg, says wood-burning power plants…
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Co-Op Energy launches community power tariff
by New Power •
Co-Op Energy has launched a Community Power tariff that sources power from community-owned energy projects. The product is available on a one or two year fixed price contract and it is priced £5 higher than the company’s other fixed-price deals. It…
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BEIS makes CM supplier payments voluntary but warns of immediate bill on market reinstatement
by New Power •
Energy suppliers will not be subject to mandatory payments to meet Capacity Market levies while the fate of the market is being determined, BEIS has decided. But suppliers will be invoiced and have to pay in full within a few…
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BEIS committee opens inquiry on energy sector investment
by New Power •
Does the government need a new approach to bring forward investment to deliver a low carbon, low cost energy system and secure energy supplies for the long term? The Business, Energy and Industrial Strategy Committee has launched an inquiry to examine the…
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Warrington Borough Council announces major investment in PV to power local services
by New Power •
Warrington Borough Council has announced plans to acquire two new large solar farms that will supply the power used by the council for decades and gain income from providing grid services. The assets are a 34.7MWp hybrid solar farm plus 27MW…
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Ovo announces partnership to use domestic storage heaters for grid flexibility
by New Power •
Ovo has announced plans to unlock the flexibility of the UK’s million homes with electric storage heaters, in a partnership between its intelligent grid technology company Kaluza and Glen Dimplex Heating and Ventilation, which has a 90% share of the UK electric storage heating…
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EC investigation closes on RWE/E.On deal, as CMA investigation opens
by New Power •
The European Commission has approved RWE’s acquisition of E.On’s renewable and nuclear electricity generation assets. The Commission concluded that the transaction would raise no competition concerns in the European Economic Area. But in the UK the Competition and Markets Authority…