Cyber security has become more important as a global risk, according to the annual Global Risks Report produced by the World Economic Forum with Marsh&Mclennan and ZurI hope Insurance. It was a standout risk and likely to become still more…
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Electricity from renewables will be consistently cheaper than from most fossil fuels by 2020, says Irena report
by Annabel Andrews •
Electricity from renewables will soon be consistently cheaper than from most fossil fuels, according to the International Renewable Energy Agency (Irena). Its latest report, Renewable Power Generation Costs in 2017, said: “Already today, and increasingly in the future, many renewable power generation projects…
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Innovate UK funding aims for lower-loss cables
by New Power •
Eland Cables, Enertechnos, Brunel University and The Welding Institute have combined in a project to reduce cable losses. The project is supported by a £1 million Innovate UK grant. The new ‘long linear capacitor’ cable technology is dubbed the Capacitive Transfer System…
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UKPN to launch flexibility marketplace with Open Utility
by New Power •
UK Power Networks and Open Utility are planning to develop and an online marketplace for local flexibility. The service is planned to launch in spring 2018, at which point flexibility providers will be able to register their assets and start to…
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Europe to reach off-grid energy parity in 2022, says EY
by Annabel Andrews •
It will cost the same to self-generate and store power as it will to buy from an energy provider by 2022 in Europe, Ernst and Young have said in a new report. The firm also predicted that electric vehicles would…
Flash update
Carillion liquidation: three National Grid projects call on contingency plans
by New Power •
Infrastructure and services giant Carillion has gone into liquidation after talks with its lenders failed to answer funding questions. Carillion works across the energy sector. In facilities management, its energy services arm provides funding for energy efficiency programmes as well as…
Flash update
Small generators in the southeast wanted for reactive power market trial
by New Power •
National Grid and UK Power Networks are recruiting distribution-connected generators to trial a new market in reactive power. Traditionally reactive power was managed on the transmission network, by National Grid. But with more power assets connecting to the distribution network,…
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Welsh government offers cash to kick-start Swansea tidal project
by Annabel Andrews •
Welsh first minister Carwyn Jones has committed to providing further investment to kick-start the Swansea Bay Tidal Lagoon and is calling on the UK government to give the project the green light. Jones has sent a letter to prime minister Theresa…
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New CCGT planned for Ferrybridge
by New Power •
SSE has announced plans for a new CCGT at the Ferrybridge site in Yorkshire. The new plant will be known as Ferrybridge ‘D’ and will have a generating capacity of up to 2,000MW. SSE owned and operated the coal-fired Ferrybridge ‘C’ power…