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What is New Power?

New Power is a specialist report for anyone with an interest in the UK energy industry. We look in-depth at all the issues that have to be addressed to rebuild our industry – moving from a our centralised high-carbon power system to one that will provide heat and power securely, affordably and with minimal carbon dioxide emissions.

Why do you need New Power?

The UK energy sector is beginning unprecedented change. Over the next 20 years, more than 40GW of power generation capacity must be built to replace our ageing fossil fuelled and nuclear power stations. It is estimated that more than £100 billion will be spent on plant and related infrastructure – faster build-out than ever before. Our in-depth analysis, news and industry tracking data is your key to unlock this complex and fast-changing industry.

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News

Licence up for grabs for offshore carbon dioxide store off the Isle of Wight

by New Power • May 1, 2024

The North Sea Transition Authority (NSTA) has invited applications for a carbon dioxide storage licence in saline aquifers off the Isle of Wight. Offshore Energy UK (OEUK) said that although most of the UK’s potential storage is located in the…

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Longread

Interview: Steve Brittan, Xoserve chief executive, talks about hydrogen blending and gas network data

by New Power • April 30, 2024

Steve Brittan, chief executive of gas industry data services company Xoserve, says the industry has to take a programme approach as the country transitions to lower carbon energy sources When I talk to Steve Brittan he is just six months…

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News

Drax to upgrade existing Cruachan pumped storage plant after Capacity Market contract win

by New Power • April 29, 2024

Drax is to invest £80 million in a refurbishment of its Cruachan pumped storage hydro power station in Scotland, increasing its capacity. Drax said the investment is underpinned by a 15-year Capacity Market agreement worth around £221 million awarded in…

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News

FSB calls for Ofgem action over small business standing charges

by New Power • April 29, 2024

The Federation of Small Businesses (FSB) has called for the energy regulator Ofgem to take action on the standing charges paid by small businesses. The group says small businesses have seen large rises in the fixed element of their energy…

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News

Exagen wins planning consent for Tewkesbury battery

by New Power • April 29, 2024

Exagen has been granted planning consent for a 20MW battery project by Tewkesbury Borough Council. This is the company’s second battery energy storage project to be granted planning consent this year. The battery, to be called Brockworth Road Energy Reserve,…

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News

Thrive provides £75M funding for rooftop PV installations

by New Power • April 28, 2024

Solar developer Eden Sustainable has secured £75 million in funding from renewable energy investment company, Thrive Renewables, to accelerate the roll out of solar energy. Eden Sustainable provides ‘private wire’ solar power purchase agreement (PPA) projects for schools, businesses, and…

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News

Northern Ireland system operator signs system inertia contracts

by New Power • April 25, 2024

SONI, Northern Ireland’s electricity system operator, has awarded two contracts to supply system inertia to Faughan Stability Ltd and Bush Hill Stability Ltd. Both companies are wholly-owned subsidiaries of Statkraft UK. Statkraft UK already has two stability contracts, supplied in…

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News

Africa Finance Corporation to invest $14.1 million in Morocco-GB power project

by New Power • April 25, 2024

Africa Finance Corporation (AFC) is to make a $14.1 million investment to further the development of project to generate solar power in Morocco and export it direct to GB, according to XLink First. XLink First is the investment vehicle for…

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News

First Bus opens EV charging hub at Cornish depot

by New Power • April 24, 2024

First Bus has opened its new purpose-built electric vehicle hub at Summercourt depot in Cornwall for the public to charge their electric vehicles (EVs). The Summercourt site is on the A30, a key tourist route into Cornwall. Its ‘turn up…

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Coming up in New Power:

DATA offshore wind power project monitor;
ANALYSIS cash-out reform and its interactions; looking forward to IED
Further out, we'll be looking into constraint costs and the capacity market – contact us if you have comment

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