Octopus Energy Group has signed a battery leasing deal with Gresham House Energy Storage Fund PLC (GRID) that will charge GRID’s batteries when renewable energy is abundant and discharge them when the national grid is under stress. The deal will…
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West Burton CCGT and battery sold to TotalEnergies
by New Power •
West Burton Energy (WBE) has agreed to sell the West Burton B 1332MW combined cycle gas turbine (CCGT) and a 49MW battery on the same site in Nottinghamshire to TotalEnergies for an enterprise value of £450 million. WBE is owned…
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Stagecoach partners with GridBeyond to use EV batteries for grid services
by New Power •
GridBeyond is to support the UK’s largest bus operator, Stagecoach, to optimise the energy consumption of its electric vehicle (EV) fleet and integrate renewables energy in its business strategy. As bus companies increase their EV operational fleets there are new…
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Great British Energy: the industry responds
by New Power •
Labour has announced that a new publicly owned energy company is one of its six ‘first steps’ if it takes office. It is not clear at this stage exactly what role Great British Energy will have. Politico website suggests it…
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Crown Estate offers ‘accelerator’ funding for floating wind supply chain
by New Power •
The Crown Estate has invited expressions of interest for a £10 million pilot fund Interest from businesses who want support for projects aimed at supporting the development of new supply chain capability for floating wind in the Celtic Sea. The…
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Beatrice Offshore Wind Farm to make redress payment of £33M
by New Power •
Beatrice Offshore Windfarm Limited (BOWL) has agreed to make redress of £33.14 million after accepting that it breached energy market rules. BOWL also made immediate changes to its bid pricing policy. The electricity system operator uses the balancing mechanism (BM)…
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General Election on 4 July: the industry responds
by New Power •
Georgia Tinson, Communications and Press Officer, Association for Decentralised Energy: “Record temperatures and increasingly unpredictable weather are now the hallmark of the British summer – and an election called for July will be starkly framed against the backdrop of an…
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Electricity System Operator prepares to move away from fax communications
by New Power •
Electricity system operator NGESO is preparing to end the use of faxes to communicate instructions between its control room and market participants. It has to replace the system because the analogue telephone network will be decommissioned in 2025. The system…
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Pumped storage plant proposed for Loch Ness
by New Power •
Glen Earrach Energy Limited (GEE) has announced plans to develop a pumped storage hydro project at Balmacaan Estate, Scotland with storage capacity of 30GWh. The project will represent an investment of more than £2 billion and create at least 600…