E.ON has announced it plans to acquire OVO. The company said the acquisition would strengthen E.ON UK’s ability to deliver value for customers and grow its core retail business. Chris Norbury, CEO of E.ON UK, said: “For decades the UK…
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EnergyPathways celebrates East Irish Sea gas storage licence
by New Power •
EnergyPathways Irish Sea Limited has announced it is to be awarded a gas storage licence by the North Sea Transition Authority for its MESH project, located in the East Irish Sea and onshore in Barrow-in-Furness, Cumbria. The MESH project is…
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GEL says £10M financing will open the door for more lithium and power production in Cornwall
by New Power •
Geothermal Engineering Limited (GEL) has secured £10 million in financing from ABN AMRO to help fund expansion of lithium production at its United Downs site in Cornwall. It will also allow for preparation to develop further sites in Cornwall where…
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AI speeds up optioneering for new connections to SPEN network
by New Power •
Keen AI, a UK-based company specialising in AI solutions for critical infrastructure, has joined with SP Energy Networks to develop IConn, a digital tool for developers seeking a new connection to the transmission electricity grid. The tool provides customers with…
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New standard to expand flexibility services
by New Power •
A common standardised interface is being adopted by all distribution network operators (DNOs) to make it easier for flexibility service providers to benefit from multiple markets across the country. Energy flexibility relieves pressure on the electricity grid whilst allowing consumers…
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Data centres need batteries, UPS and capacitors to stop load swings affecting networks, says IEA
by New Power •
An emerging challenge for electricity system operators is “the increasing speed at which electricity demand can vary within modern data centres”, according to a new International Energy Agency (IEA) report, ‘Key questions on energy and AI’. The report said that…
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Planning permission sought for ‘waste to hydrogen’ plant in Kent
by New Power •
Hydrogen TE (Manston) Ltd has submitted a planning application fora commercial-scale waste-to-hydrogen facility at Manston in Kent expected to produce up to 8,000 tonnes of hydrogen annually. The £120 milliom scheme, brought forward by with planning led by Lichfields, would…
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CO2 market needs stability and storage likely to remain a monopoly government told
by New Power •
CO2 storage will function as a natural monopoly in the early market, due to high capital costs, geographical constraints, and cross-chain risks, and that may remain the case even as the market matures. And while the regulated asset base (RAB)…
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Pulse secures financing for two synchronous condenser units at Pontypridd
by New Power •
Pulse Clean Energy has secured a £52.5 million loan for two synchronous condenser units from German commercial bank Nord L/B. Located in Upper Boat, Pontypridd, South Wales, the synchronous condensers form part of the UK National Energy System Operator’s Pathfinder…