A ‘Sandbox’ proposal to trial a new metering solution in. a live’ market environment is under consultation until 26 February. Emergent Energy is a renewable energy supplier that specialises in microgrids (residential private wire networks) in the social housing sector.…
Author Archive for New Power
Greencoat UK Wind seeks £198M to fund acquisitions
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Renewable infrastructure fund Greencoat UK Wind is seeking to raise up to £198M by issuing shares institutional investors at 131p per share. The fund invests in operating UK wind farms, with exposure to offshore limited to 40% of Gross Asset Value (currently 30%).…
‘Rare earths’ not so rare in South African mine site, miner reports
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Rainbow Rare Earths has reported positive results in sampling for neodymium and praseodymium at its Phalaborwa site in South Africa. The materials are among so-called ‘rare earths’ that are vital components of the permanent magnets used in wind turbines and other generatorsand there are…
Carbon emissions reserve price in new UKETS set at £22
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The government has set the reserve price for carbon emissions at £22 in the first auction in the new UK Emissions Trading Scheme. Auctioning will start no later than Q2 2021. The government said that reserve price would be fixed until “it is…
NGGT probes gas emergency arrangements’ link with power generation, fearing ‘no robust methodology’. Are gas engine fleets ‘free riding’?
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The changing nature of assets connected to the gas network present “a very real problem that needs a solution” in the event of a gas supply emergency, National Grid Gas Transmission (NGGT) said at a meeting that kicked off examination…
Covid restrictions delay Stoke on Trent’s geothermal heat scheme
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Covid-19 has delayed a project to use geothermal energy to provide district heating in Stoke-on-Trent, developer iGas said in a trading update. iGas took on the 14MW deep geothermal project in the Etruria Valley, Stoke-on-Trent when it acquired GT Energy last…
Wales sets independent Net Zero target, promises plan by COP26 – major carbon emitters targeted
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Wales is set to speed up carbon reduction in its economy and commit to an independent Net Zero target by 2050. Announcing new regulations and a legally binding target, Lesley Griffith AM, minister for environment, energy and rural affairs, said…
Cheaper vehicles or easier charging? Bright Blue and Policy Exchange offer proposals to speed up electric vehicle adoption
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Battery electric vehicle registrations surged in January, according to the Society of Motor Manufacturers and Traders (SMMT). There were 6240 BHEVs registered during the month, compared with 4054 in January 2020. In contrast – and also due to the effect…
Range anxiety again?
by New Power • • 1 Comment
Think tanks Bright Blue and Policy Exchange raise some useful policy proposals aimed at speeding up the rollout of electric vehicles (see story here). A couple raise questions. Policy Exchange would see government offer competitive tenders and long term contracts…
Weir Minerals expects ‘tangible saving’ from selling foundry flex into response, capacity markets with GridBeyond
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Weir Minerals says that since December its foundry has been monetising 1MW of its energy flexibility by participating in the fast-acting Dynamic Firm Frequency Response (DFFR) scheme run by NGESO. The foundry has been using GridBeyond’s platform, Point, to enter the…