Returns for wind and solar infrastructure assets have been driven down by increased competition and a maturing market, according to JLEN Environmental Assets. Announcing a new £60 million share offering it said future investment would be directed towards the wider…
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Results from 25,000 households reveals huge potential to use domestic flexibility to manage power system
by New Power •
Active households who can respond to requests to turn up or turn down their electricity usage, in response to price signals, could significantly reduce peak electricity demand and boost usage when required, a project involving 25,000 households has found. The…
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Motor Fuel Group promises 60 new fast-charging EV sites in 2022
by New Power •
Forecourt operator Motor Fuel Group (MFG) has said it will invest £50 million investment in 2022 on EV chargers on dual-fuel and EV-only sites. The company, which has 900 forecourts, previously said it would invest £400 million in EV infrastructure…
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Gresham House targets 1.5GW of storage, moves to 2 hr duration as frequency response market reaches saturation
by New Power •
Gresham House Energy Storage Fund (GRID) is aiming to exceed 1.5GW of operational storage in the UK and the Republic of Ireland by the end of 2024 and is moving towards longer duration storage of up to two hours, which…
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Two new wind farms in operation for Greencoat
by New Power •
Greencoat UK Wind has completed commissioning of two ‘subsidy-free’ wind farms together totalling nearly 100MW. Windy Rig is a 43.2MW project near Castle Douglas in Dumfries & Galloway, which has 12 Vestas V112 3.6MW turbines. Glen Kyllachy is a 48.5MW…
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Warrington at risk of £52M bill, as Together Energy warned over default at BSC
by New Power •
Together Energy is in default of credit requirements under the Balancing and Settlement Code (BSC) and has been notified that it is set to be expelled on 7 February. The BSC Panel is required to give 28 days notice of…
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Hunterston B closes
by New Power •
Friday 7 January will see Hunterston B nuclear power station reach its final closure. The plant has produced 297.4TWh over a 46-year lifetime, although it was originally expected to run for just 25 years to 2001. Hunterston provided around 500…
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Scottish Affairs committee seeks evidence on carbon capture and hydrogen potential
by New Power •
The Scottish Affairs Committee has launched an inquiry into carbon capture and blue and green hydrogen in Scotland. The UK government’s ambitions includes 5GW of low-carbon hydrogen production capacity by 2030, and it said that “Scotland has a key role…
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Carlton Power and Stag Energy to merge
by New Power •
Carlton Power and Stag Energy are to merge. The combined business will focus on energy storage and grid stability services, including providing system inertia, reactive power and short circuit capacity. It is also developing a portfolio of green hydrogen production…