Star Energy Group has signed a memorandum of understanding with Veolia to develop large geothermal projects to supply heat to district heating schemes, commercial buildings, hospitals and education campuses. The companies say geothermal heat “is more energy efficient than many…
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Ørsted sells 25.4% stake in West of Duddon Sands
by New Power •
Ørsted has sold a 25.4% stake in the West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat for £456.1 million. The transaction closed on 30 April. Located 14km off the west coast, West of Duddon Sands…
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Battery companies complain they will be disadvantaged by LDES cap and floor regime
by New Power •
Seven battery storage companies have written an open letter to Ofgem complaining that the regulator’s proposed ‘cap and floor’ support for long duration energy storage (LDES) is unfair to battery storage and as a result will disadvantage customers. The companies…
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PM announces £300M funding as open letter sets up UK’s green energy transition as answer to global ‘uncertain trading conditions’
by New Power •
The government used the occasion of the Future of Energy Security summit in London to announce plans for £300 million of public investment in domestic wind supply chains and publish an open letter inviting clean energy companies to manage “uncertain…
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Glen Earrach Energy submits planning application for pumped storage plant at Loch Ness
by New Power •
Glen Earrach Energy (GEE) has submitted a planning application for a 2GW pumped storage hydro project near Loch Ness, under Section 36 of the Electricity Act 1989. The proposed project is the largest of several planned for Loch Ness (with…
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London Metals Exchange explores price premium for ‘green’ versions of key metals
by New Power •
The London Metal Exchange (LME) has started to explore whether it can establish a premium price for sustainable supplies of four metals key to the green transition. The company said it is engaging closely with physical market stakeholders on its…
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Apatura wins eighth battery consent
by New Power •
Apatura has received planning consent for a 40MW/80MWh battery at the village of Eaglesham in East Renfrewshire, Scotland. The eight-acre Glasgow Road site brings Apatura’s consented battery portfolio to eight, totaling 1.5GW, all of which has received planning consent in…
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Great British Nuclear to open tender for owner’s engineers for SMR projects
by New Power •
Great British Nuclear (GBN) has published pre tender details for up to two Owner’s Engineers (OEs) as part of its Small Modular Reactor (SMR) programme. The OE will support the deployment of first-of-a-kind SMR technology in the UK and facilitate…
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Noriker Power and Triple Point to invest £15M in batteries
by New Power •
Investment manager Triple Point and energy developer Noriker Power have today announced a £15 million debt facility to support the development of batteries across the UK and Republic of Ireland. The funding will support Noriker Power’s advanced development pipeline, including…