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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

AMP to start up four-hour battery storage in 2024

by New Power • January 30, 2024

Energy company AMP Clean Energy (AMP) has announced plans to start construction of four battery projects that can export for up to four hours. Most batteries currently available in the UK offer one-hour or two-hour export. AMP’s ‘Urban Reserve Storage’…

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News

Amazon CPPA covers more than half of Moray West capacity

by New Power • January 30, 2024

Amazon is to buy more of the power produced by Ocean Winds’ Moray West wind farm offshore of Scotland. It has signed a corporate power purchase agreement (CPPA) with Engie (a joint venture partner in Ocean Winds, with EDP Renewables),…

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News

Downing acquires 4200 residential solar installations

by New Power • January 30, 2024

Investment manager Downing LLP has acquired a portfolio of 4,200 solar PV residential installations across England and Wales. The portfolio was acquired from Foresight for around £26 million. The renewable energy and infrastructure arm of Downing Estate Planning Service has…

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News

AlphaReal takes on solar farm, says pension funds and insurers will increase solar assets

by New Power • January 30, 2024

AlphaReal has completed the acquisition of a 40.36MW newly commissioned solar site. The real assets investment manager has acquired Bubney Energy Centre in Shropshire. The site covers 150 acres and is currently the largest ground-mount solar site in AlphaReal’s renewable…

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News

Heat networks funded to draw on waste heat from sewers and industry

by New Power • January 29, 2024

Homes and businesses in Bolton could use waste heat from sewers, as one of several innovative green heating projects to receive grants from the government’s Green Heat Network Fund. The grants total £80.6 million. The Bolton project, with £11 million…

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News

EDF announces further delay and cost increase at Hinkley Point C

by New Power • January 24, 2024

Hinkley Point C could be delayed until 2031 and cost as much as £35 billion, in 2015 values, EDF has said in an update on the plant construction. The company said in May 2022 that the start of electricity production…

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News

Government adds £1.3B to its Sizewell C investment

by New Power • January 23, 2024

The government has invested £1.3 billion to support the construction of Sizewell C. The largest funding package to date “consolidates the government’s position as the majority shareholder in the project”. It follows a £700 million funding pledge in November 2022…

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News

Eneco and Corre Energy team up a second time on storage

by New Power • January 22, 2024

Compressed air energy storage company Corre Energy has signed a landmark agreement with Eneco, the largest energy provider in the Netherlands, for Corre Energy’s first storage project in Ahaus, Germany. Eneco will acquire a 50% interest in the project, comprising…

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News

Catapult offers Net Zero datasets for local area energy planning

by New Power • January 22, 2024

Energy Systems Catapult has launched a range of prepackaged datasets. Covering GB-wide local authorities, Net Zero Data aims to offer low cost, ready-to-use, regularly updated information that will minimise resource overheads. and streamline the design and delivery of local Net…

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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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