Battery owner Gresham House Energy Storage Fund saw revenues fall by a third in the first half of 2023, as “long-expected saturation of ancillary services has not been replaced by the anticipated level of trading revenues”. The Fund said the…
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BP wins first battery optimisation contract for Open Energi platform
by New Power •
BP has signed an agreement with battery investors Harmony Energy Income Trust (HEIT) to provide physical power trading and optimisation services to two projects due to come online in the first half of 2024. They are the first new batteries…
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Planning application submitted for North Devon floating wind project
by New Power •
The developers of White Cross offshore windfarm, planned to go into operation 52km off the North Devon coast in 2027, have submitted a planning application for onshore works to North Devon Council. The proposed 100 MW windfarm, will consist of…
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JET fusion site systems could be repurposed to offer grid inertia services
by New Power •
Systems at UKAEA’s Culham site that were previously part of the Joint European Torus (JET) fusion research project could be used to provide grid services and the JET team is looking for companies who could repurpose them. A preliminary feasibility…
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Network Rail to roll out solar PV across Scottish car parks and buildings
by New Power •
Network Rail wants to partner with a renewable energy developer to deploy of solar arrays across sites in Scotland, including installing ‘solar carports’ in station car parks. The project would see solar PV arrays at stations, depots, offices, car parks…
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UKPN finds airport long-stay car parks could provide substantial grid flexibility
by New Power •
UK Power Networks’ Park and Flex study, has found that using long-stay car parks like those at airports could help power the grid. Early research from the study has found that more than 1.3 million homes could be powered by…
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IEA says hydrogen use in buildings will be ‘niche’, expects ‘negligible’ rollout by 2030
by New Power •
The use of hydrogen for heating buildings will remain “negligible” by 2030, with current policies, according to the International Energy Agency (IEA). In its annual Global Hydrogen Review 2023, the IEA said there had been “no significant development in 2022”…
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Naked Energy seeks £30M funding to grow its solar business
by New Power •
Naked Energy has opened a new funding round with the aim of raising £30 million. It wants to scale up production of its solar thermal and combined solar thermal and PV products, sold under the brand name ‘Virtu’. It now…
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E.On UK to partner Coventry city council to deliver a Net Zero city
by New Power •
E.On UK is to help Coventry city council decarbonise energy in the city, in a partnership that could last up to 25 years and rise to £2 billion in value. The council said it “recognises the role it must play…