Uniper and GE have begun a ‘hydrogen readiness assessment’ at Uniper’s Grain power station in Kent. GE’s assessment aims to find out how the 1,365MW CCGT could incorporate blends of hydrogen up to 40% by volume in its gas feedstock.…
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Limejump adds new batteries to dynamic containment offering
by New Power •
Shell’s Limejump tech platform has entered a commercial partnership with SSDC Opium Power to optimise and manage 90MW of battery storage across two sites – at Fareham in Hampshire and Fideoak Mill, near Taunton in Somerset. Fareham is the UK’s…
Longread
INTERVIEW: Moving in and moving on: Matthew Mendes discusses Pulse Clean Energy’s launch
by New Power •
Pulse Clean Energy created a stir when it announced plans to convert nine diesel engine sites to battery storage. The company’s switch illustrates how far ancillary markets have come in becoming comfortable for investors. Janet Wood spoke to chief executive…
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REPORT: Wild fire caused European ‘grid split’ event in July; small plant trips made it worse
by New Power •
An estimated 3.8GW of medium and small scale generation automatically disconnected from the grid in Spain and Portugal during an incident on 24 July last year when parts of the synchronised European grid split briefly, according to a new report…
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Clean Growth Fund reaches £100M target commitments
by New Power •
The Clean Growth Fund says it has closed its first fund with £101 million in capital commitments. The latest commitments, totalling £31 million, are from the Merseyside and South Yorkshire local authority pension funds, Queens’ College Cambridge and Aviva Investors,…
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EU takes dispute over UK’s CfD supply chain plans to WTO
by New Power •
The EU has triggered dispute procedures under World Trade Association (WTO) rules with the UK, saying that the ‘supply chain plans’ required by the UK from companies who bid for Contracts for Difference (CfDs) breach WTO rules. The EU has…
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Ørsted sells £3B stake in Hornsea 2
by New Power •
Ørsted is to sell 50% of the 1.3GW Hornsea 2 offshore wind farm to Crédit Agricole Assurances and clients of AXA IM Alts. The transaction, which is expected to close subject to regulatory approvals in the second half of 2022,…
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National Grid sells majority stake in gas transmission and metering business, with option to sell remainder
by New Power •
National Grid has agreed to sell a 60% equity interest in its UK gas transmission and metering business to a consortium of Macquarie Asset Management and British Columbia Investment Management Corporation. The plan to divest was first announced in March…
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Bulb Energy bailout will cost £2.2B over two years, says OBR
by New Power •
The government’s bailout of Bulb Energy is set to cost £2.2 billion, this year and next and the risk is ‘potentially unlimited’, according to the Office for Budget Responsibility (OBR). In its Economic and Fiscal Outlook, published this week, the…