Norge Mining is collaborating with ABB on a front-end engineering and design study on electrification of a new Norwegian mine set to start operations in 2028. The deposit contains large resources of phosphate, titanium, vanadium and subsequently phosphorus – four…
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BCC report: businesses need government consistency to meet Net Zero targets
by New Power •
Business group British Chambers of Commerce (BCC) says businesses need help to reach Net Zero and set out three priorities for government to keep businesses on track. In a report produced with Lloyds Bank it concluded that : • Government…
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FSO to become resilience body, but DESNZ seeks powers to intervene on decisions
by New Power •
The Department for Energy Security and Net Zero (DESNZ) is consulting on roles that the new Future System Operator (FSO) would have with regard to resilience and national security. It is set to require the new FSO to take direction…
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UK Infrastructure Bank helps crowd-in investment in Cornish Lithium
by New Power •
The UK Infrastructure Bank has announced a £24 million equity investment in Cornish Lithium to support development of the UK’s critical minerals supply chain. The investment, the Bank’s first equity deal, facilitated matched funding by The Energy & Minerals Group…
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West Burton Energy to seek new projects
by New Power •
West Burton Energy has indicated plans for new projects after refinancing its 1332MW combined cycle gas turbine and 49MW battery in Nottinghamshire. The company is owned by funds managed by EIG, an institutional investor in the global energy and infrastructure…
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Demand side response market open up for industrial gas users
by New Power •
Large gas customers will in future be able to contract directly with gas system operator National Gas Transmission (NGT) to provide demand side response (DSR), after a gas industry change of rules. Large electricity customers can already be paid to…
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West Berkshire Council set to build solar farm
by New Power •
West Berkshire Council has says it intends to bring a planned solar farm to the market later this year, anticipated in Q4 2023. The Grazeley solar farm, which is estimated to cost around £10 million, was approved by the council’s…
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DESNZ ‘minded’ to underwrite new hydrogen network with RAB plus top-up funding
by New Power •
The Department for Energy Security and Net Zero has indicated a ‘direction of travel’ for likely support for hydrogen transport and storage. The department says the initial focus for the business model will be on large-scale pipeline infrastructure, which transports…
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Contracts for Difference budget boosted by £22M.
by New Power •
The government has announced a £22 million increase in the budget for the next Contracts for Difference auction, bringing it £227 million. The extra budget will be allocated partly to the ‘established technologies’ pot, whicb includes solar and offshore wind…