Companies in southern Scotland are to be asked whether they will accept payments to reduce export to the grid or turn up demand. System operator NGESO will offer the payments as it seeks to reduce pressure on a key connection…
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Ventive launches heat-pump-based ‘drop in’ boiler replacement
by New Power •
Ventive is to launch a combination heat pump and thermal storage system that will offer a ‘drop in’ replacement for gas boilers that does not require reconfiguration of hot water heating systems. The Ventive ‘home system’ will provide households with…
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Appliance and control companies want new standards to maximise smart energy flexibility
by New Power •
Two ‘smart energy’ companies have warned that the lack of a standard language for smart home energy devices will limit the number of green energy technologies that can be used and raise energy system costs – by some estimates up…
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SPAC plans to raise £175M to invest in energy transition companies
by New Power •
Ex energy minister Amber Rudd is among the advisors to a new company formed to invest £175 million in ‘energy transition’ companies. The company will aim to acquire businesses in Europe in: the hydrogen value chain; green ammonia; carbon capture,…
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UK sun and high power prices boost Foresight’s returns
by New Power •
High returns in the UK meant solar and battery owner Foresight Solar saw revenues increase, despite a reduction in generation in other countries. It generated 5.3% less than the base case across its global holdings in 2021, but UK operational…
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New Tees Valley lithium plant aims to become major supplier to European EV battery ‘gigafactories’
by New Power •
A new lithium processing company being set up at Teesside Freeport aims to supply 15% of European demand within the decade, according to its new chief executive. Lithium is a key material used in batteries and other new energy technologies.…
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Green inertia services cut costs of decarbonising grid
by New Power •
Three green inertia services will go live by summer, along with new technology which measures the amount of inertia on the network, according to the system operator. Julian Leslie, Head of Networks at National Grid ESO, said: “Building a green…
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Gas market price spikes leave suppliers facing credit and collateral calls
by New Power •
As the market price of gas spikes still higher, energy suppliers are set to be hit by fast-changing requirements for collateral and credit lines in order to trade in the electricity market. Trading parties are set to be hit by…
Longread, News
Energy data sharing access – examples from offshore, balancing and the retail market
by New Power •
Three initiatives on data sharing and easier access: Offshore data The Crown Estate’s has announced a new look to its online Marine Data Exchange (MDE) that offers more user-friendly and intuitive design, improved search speed and browsing functionality, easier navigation…