Octopus Renewables Infrastructure Trust plc plans to invest up to £2 million in the next two years to set up and fund a new development business, focused on building 350MW of new ground-mounted solar PV and co-located battery storage assets…
News
DIF makes £200M investment in battery developer Field
by New Power •
Battery developer Field has raised £200 million in equity investment from DIF Capital Partners (via its DIF Infrastructure VII Fund Triple Point Energy Transition plc. This investment will enable Field to significantly scale its fleet of batteries and enhance its…
News
Westminster sees 25% jump in EV ownership, seeks market information on chargepoint management
by New Power •
Westminster City Council says the number of residents in the council area with an EV increased by 27% in the year to June 2023 and has reached nearly 6000. The council is looking for market information on managing its fleet…
News
Speedy and AFC Energy plan JV offering hydrogen-based plant hire
by New Power •
AFC Energy, which supplies hydrogen-powered generators, and equipment hire services company Speedy Hire are planning to launch a dedicated hydrogen-powered generator plant hire business. It will provide the UK construction and temporary power market with zero emission temporary power solutions…
News
Lithium refinery granted planning permission at Teesport
by New Power •
Green Lithium has been granted planning permission from Redcar & Cleveland Borough Council to build a lithium refinery. The facility will manufacture concentrated lithium hydroxide monohydrate on a 58-acre site within the PD Ports Teesport complex at Kinkerdale Road, Teesport.…
News
Drax wins permission to expand lucrative Cruachan pumped storage plant
by New Power •
Drax Power announced a tripling of earnings from its pumped storage plant at Cruachan and its hydro operations at Lanark and Galloway in the first half of 2023 – EBITDA was £154 million in H1 2023, compared with £53 million…
News
New offshore network framework: forward planning and new competition models
by New Power •
The Department for Energy Security and Net Zero has set out a new framework for managing offshore networks that will see more advanced planning and a consistent competitive regime across offshore and onshore networks. The Department says “Although the UK…
News
EDP Renewables picks Kent battery for first stand-alone project
by New Power •
EDP Renewables is to install its first stand-alone battery project in the UK. The Iberian company said this was a “strategic move in optimising resources and improving energy efficiency”. The 50MW battery will have 2 hours of storage capacity. The…
News
Ukraine set to export power to Slovakia
by New Power •
Power exports between Ukraine and Slovakia can restart. Cross-border capacity allocations for exports in the direction from Ukraine to Slovakia started on 21 July, offering participants 200MW with a delivery date on 23 July from 9:00 to 14:00. Ukrenergo and…