National Grid’s interconnector business will return some £200 million to consumers in the next two financial years because it revenues from its interconnectors have exceed the cap agreed with Ofgem. The IFA2 and Nemo interconnectors, with France and Belgium respectively,…
News
Energy company fined after switch room accident
by New Power •
Global Energy Nigg Limited has been fined £80,000 after a surveyor died from injuries caused by an electrical explosion on its premises. The surveyor was carrying out an asbestos survey on 10 December 2020. He was injured by an electrical…
News
Invinity vanadium flow battery planned for inland surf venue The Wave
by New Power •
Absolute Solar and Wind Limited has bought a 0.4 MWh vanadium flow battery from Invinity Energy Systems as part of an integrated solar PV and electric vehicle (EV) project at The Wave, Bristol, an inland surfing facility. The project will…
News
Refinancing completed for Blyth part-owner Vantage RE
by New Power •
Vantage RE has refinanced its share of the Blyth wind farm offshore of Northumberland. The £72 million refinance package sees Mizuho Bank and Natwest Bank become lenders to the company, which is a subsidiary of Tenaga Nasional Berhad (TNB), a…
News
UPDATED: System operator adds demand response event to coal startup to cover Monday peak
by New Power •
System operator NGESO has called a ‘live’ demand response event that should see energy users dial down demand in the 5-6pm period to reduce strains on electricity supplies. NGESO said: “Our forecasts show electricity supply margins are expected to be…
News
€10 million project will deploy larger blades on tidal turbine to boost power
by New Power •
A project aiming to maximise tidal energy generation has been launched at the University of Edinburgh’s FastBlade facility. The €10 million new MAXBlade project – funded by the European Union and UK Research and Innovation – aims to improve the…
News
Ubitricity to install 300 EV charge points in Liverpool city lamp posts
by New Power •
Liverpool City Council has appointed Ubitricity, a wholly owned Shell subsidiary, to install a 300 on-street electric vehicle (EV) charge points in the city. The new 5kW charge points, which are installed directly into existing street lampposts can be installed…
News
Forward trade for Creyke Beck signals lowered price risk options for batteries
by New Power •
Statkraft has claimed an ‘industry first’ in agreeing a battery forward trade on behalf of battery owner Statera Energy. Statkraft is a renewable power generator and provider of market access and optimisation services. It says the financial return secured for…
News
BEIS select committee asks for evidence in new inquiry on EV battery manufacturing
by New Power •
Following the collapse into administration of the BritishVolt battery factory, the BEIS Select Committee has opened an inquiry into batteries for electric vehicle manufacturing. It is accepting written evidence until 14 February on the following questions: • Is there enough…