Elexon has launched a new support service so that innovators can trial products and services which could transform the electricity sector. The company handles settlements for the power industry and manages the associated rulebook, the Balancing and Settlement Code (BSC). Its…
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Aceleron wins £2M investment for ‘circular economy’ battery
by New Power •
Battery developer Aceleron has won £2 million of equity investment, with £1.45 million from BGF and the remainder from existing investor Mercia Asset Management. The investment will enable Aceleron to scale the production of its ‘circular economy’ battery technology, doubling…
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SPEN takes a real-time look at network loading with new software
by New Power •
SP Energy Networks has joined forces with Sia Partners to use new forecasting software to more closely manage the network and make better use of locally-generated power. The new approach combines historical network data, detailed weather data and artificial intelligence…
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National Grid Net Zero scenarios raise the question: gas or no gas?
by New Power •
Gas would virtually disappear from the UK’s energy mix in two scenarios to meet legally-binding commitments to reach Net Zero carbon emissions by 2050. In the two scenarios (Consumer Transformation, and Leading the Way) put forward by National Grid Electricity System…
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Treasury committee asks for evidence on how to make a ‘Net Zero recovery’ from CV-19
by New Power •
The Treasury Committee is relaunching an inquiry into the decarbonisation of the UK economy and green finance, launched by the previous Treasury Committee on 5 June 2019, and it wants written evidence on how and whether the UK’s response to coronavirus should take the Government’s…
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‘Resilience as a service’ could replace diesel backup with local energy generators and batteries in rural areas
by New Power •
Scottish and Southern Electricity Networks (SSEN), Costain and E.ON have begun work on new solutions using local energy resources and battery storage to provide low carbon, cost effective network resilience in response to faults. The £9.5m project aims to provide…
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Moixa attracts more funding as it prepares to launch European EV smart charging
by New Power •
Moixa has secured £4.6 million of new investment, from existing investors led by Japanese Fortune 500 company Itochu Corporation The smart battery and EV charging software company said it now manages the world’s largest residential fleet of batteries in Japan,…
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GE and Uniper join forces to assess gas to hydrogen conversion for power plant fleet
by New Power •
Uniper and General Electric have signed an agreement aimed at decarbonising Uniper’s gas-fired power plants and natural gas storage facilities. GE’s Gas Power business and Uniper will explore, assess, and develop technology options across the company’s fleet. A GE/Uniper joint…
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Ofgem launches revised Sandbox, saying to innovators ‘talk to us any time’
by New Power •
Ofgem has opened a new revised Sandbox service that will allow innovators with new energy supply proposals to contact the regulator. It has abandoned the application windows used in the previous Sandbox and instead said innovators can discuss proposals at any…