Ratings agency Moody’s has reacted to Ofgem’s plans to cut returns to network companies by placing a ‘negative’ outlook on the rating of Electricity North West (ENWL) and its parent, because of the companies’ high leverage and borrowing costs. Moody’s said ENWL’s…
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Argonaut Power and Connected Energy team up to offer funded behind-the-meter storage
by Annabel Andrews •
Flexible energy solution provider Argonaut Power has announced it will work with Connected Energy to offer fully funded energy storage solutions to commercial and industrial customers. E-STOR, the new energy storage systems manufactured and supplied by Connected Energy, will be fully funded and managed by Argonaut Power. E-STOR energy storage systems utilise second life Renault electric…
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Consent granted for Eggborough CCGT
by Annabel Andrews •
The Secretary of State for Business, Energy and Industrial Strategy has granted development consent to Eggborough Power Limited (EPL) to develop a new gas fired power station on the site of its coal fired power station at Eggborough near Selby, North Yorkshire.…
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Labour energy plans: the industry responds
by New Power •
Labour leader Jeremy Corbyn reiterated, in his speech to the Labour Party conference, plans for “a 60% reduction in emissions by 2030… with plans to reduce greenhouse gas emissions to zero by the middle of the century” and “a ‘Green…
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SSE to offer flexibility services to customers using Origami Energy platform
by Annabel Andrews •
SSE has selected Origami Energy to support SSE’s delivery of new flexibility services to its industrial and commercial customers. SSE will offer real-time, flexible energy management services through Origami Energy’s technology platform, to help customers unlock the increasingly valuable flexibility…
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SSE takes full ownership of Seagreen offshore wind projects
by New Power •
SSE has taken full ownership of offshore wind projects under development by Seagreen Wind Energy, in which it had a 50% share, acquiring the remainder from Fluor. The Seragreen projects are in the outer Firth of Forth and Firth of…
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From the archive: Origami chief executive Peter Bance on why the energy industry must think short-term and asset-light
by Annabel Andrews •
Having data and control over energy assets is better than ownership, says Origami Energy chief executive Peter Bance, because you can chase value. He told Janet Wood why the industry must think more short-term and asset-light – and why distribution…
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Three offshore links on offer in £2 billion tender
by New Power •
A tender will open on 29 October three offshore transmission assets, Ofgem has announced. The regulator says the three links will together be worth more than £2 billion. The assets are links to three offshore wind farms: • Beatrice (588MW), 13km…
Editor's blog
Don’t mention the margin
by New Power •
It’s that time of year again. The leaves are falling, the big coats are coming out and people take a personal vow not to turn on the heating until October. Politicians who have responsibility for energy turn to thoughts of…