Origami Energy, whose technology platform helps companies manage and offer flexibility in energy markets, has raised £18.6 million in new funding. Current investors who participated in this funding round include Octopus Ventures, Cambridge Innovation Capital and Fred Olsen-related companies. The funds will…
News
New funding raised for Islandmagee gas storage project
by New Power •
InfraStrata, the gas storage developer working on a project at Islandmagee in Northern Ireland, has announced it now has working capital to the end of 2018 after competing new fundraising. A share offering through broker SI Capital Limited has raised £925,000.…
News
Scottish Enterprise awards R&D grant to Aggreko
by New Power •
Scottish Enterprise has awarded Aggreko UK a £1.5 million research and development (R&D) grant for three projects, which will see the company invest £33 million in its Dumbarton facility and create 23 new jobs. The three projects being supported by…
News
SSE Airtricity takes stake in PV installer
by New Power •
SSE Airtricity is to acquire 40% of Activ8 Solar Energies, a supplier of rooftop solar systems to home and business customers. The acquisition is subject to approval by the Competition and Consumer Protection Commission. Under the terms of the agreement SSE…
Longread
Women in power: abstracts from interviews published in New Power Report
by New Power •
Pamela Taylor, Partner, Innovation Link, Ofgem Pamela Taylor is at Ofgem’s “grid edge”. She runs the regulator’s Innovation Link, a service for innovators that gives them feedback on energy and power ideas. It also gives them space to pilot projects in…
Editor's blog
Get ready for the rollercoaster
by New Power •
New Power’s April issue takes a look at some of the investor money moving into the energy industry. It throws up some interesting structural changes and some clear trends for the future. The message? Hold on tight, things are going…
News
ITM Power supplies hydrogen refuelling station at M40 services
by Annabel Andrews •
ITM Power and Shell have installed a new hydrogen refuelling station at Shell Beaconsfield in Buckinghamshire. Shell Beaconsfield on the M40 will be the first site in the UK to bring hydrogen under the same canopy as petrol and diesel. The…
News
TotoEnergy passes prepayment customers to Utilita Energy
by New Power •
Utilita is to acquire 16,000 prepayment customers from small supplier Toto Energy. The customers will be transferred on 10 April and Utilita has promised to honour customers’ current tariffs – including unit rate and standing charge – until at least 30…
News
Mitsubishi picks up a third of Moray East wind farm
by New Power •
Mitsubishi has announced it will acquire 33.4% of shares in Moray Offshore Windfarm (East) Limited, through its wholly owned UK-based subsidiary Diamond Generating Europe (DGE), with EDP Renewables, a renewable energy company from Spain. Moray East is due to begin…