Moixa has secured £267,750 from the Department for Business, Energy and Industrial Strategy’s Energy Entrepreneurs Fund to expand its Gridshare platform to manage a wider range of third party home, electric vehicle and IoT batteries. Gridshare aggregates the capacity of…
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EU settles future of Emissions Trading Scheme
by New Power •
EU member states have reached a deal on the future if the EU Emissions Trading Scheme. The deal includes plans to double the so-called ‘Market Stability Reserve’, by which allowances are removed from the scheme in etc event of oversupply,…
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Proposal floated for 360MW solar farm in Kent
by New Power •
Wirsol Energy and Hive Energy have begun consulting on a solar farm that could reach 350MW in capacity and would cover an area of 365 Ha in northern Kent, the Guardian reports. The developers have written to local residents with…
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MHI Vestas to create turbine logistics hub on site of former Fawley Power Plant
by Annabel Andrews •
MHI Vestas Offshore Wind will repurpose a decommissioned, oil-fired power plant into a turbine painting and logistics facility. The new facility is the latest in a series of manufacturing investments made by MHI Vestas in the UK and will compliment the…
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Government seeks views on cutting the cost of energy
by Annabel Andrews •
A call for evidence on reducing the cost of energy has been launched by the government today, following the independent review by Dieter Helm. On 25 October, Professor Helm concluded his independent review which outlines recommendations on how to reduce…
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Open Energi launches AI platform to aggregate demand management
by Annabel Andrews •
Open Energi has launched a new software platform, which will allow businesses aggregate assets with flexible demand in order to maximise energy savings. The Dynamic Demand 2.0 platform will connect, aggregate and optimise distributed energy assets, including industrial equipment, battery…
Flash update
SSE/Innogy retail merger likely to face competition test
by New Power •
Consumer organisation Which? expressed concern after SSE and Innogy announced plans to spin off and merge their supply businesses. A new supply company will be created to include SSE’s domestic energy supply and services business in GB and Innogy’s Npower household…
Flash update
Neart na Gaoithe gets new go-ahead from Supreme Court
by New Power •
Mainstream Renewable Power has welcomed a decision by the Supreme Court that will clear the way for construction of the 450MW Neart na Gaoithe offshore wind farm. The court rejected RSPB Scotland’s application for leave to appeal in its long-running challenge to…
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Octopus Investments raises extra £80m to refinance solar assets
by Annabel Andrews •
Octopus Investments has expanded the £484m solar portfolio refinancing it closed earlier this year, further expanding the biggest deal of its kind in the European solar sector. An additional 100MW of solar assets have been brought into the portfolio with…