Good Energy saw its domestic supply customers fall by 8% in 2019, according to preliminary results for the year to 31 December. However, that loss was outweighed by a surge in feed-in tariff installations in advance of the scheme closing in…
Author Archive for New Power
Dutch battery project reaches crowdfunding target
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Dutch company Giga Storage has successfully raised €3.7 million via crowdfunding site DuurzaamInvesteren to fund construction of a 12MW battery – the largest in The Netherlands. The battery, dubbed ‘Giga Rhino’ will be installed in 2020 at the Wageningen University &…
Triodos loan to fund Pod Point EV chargers at 600 Tesco stores
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Pod Point is to supply, operate and maintained hundreds of EV charging points at Tesco stores. The expansion will be supported with a loan from Triodos Bank UK and funding from Volkswagen. The debt facility will support installation of EV charge points…
RedT and Avalon merge as Invinity in bid to create ‘world leader’ in flow batteries
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UK-based RedT energy and US-based Avalon Battery Corporation are to merge with the aim of becoming a world leader in vanadium flow batteries.The new company will be known as Invinity Energy Systems (Invinity). Vanadium flow batteries supply heavy-duty, stationary energy storage, and…
UK Power Networks seeks feedback and ideas in new plan for low-carbon heat
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UK Power Networks has outlined plans to plans to help reduce the carbon impact of heating and asks for ideas and comment. Heat accounts for over a third of total UK CO2 emissions. UK Power Networks is now consulting on…
Good Energy and Engenie combine to offer ‘blended’ fast and slow EV charging options
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Good Energy and EV charging network specialists Engenie have formed a partnership to support new business opportunities in the fast‐moving electric vehicle market. Data from Zap‐Map, the app partly owned by Good Energy, shows that the number of public charge…
Moody’s downgrades Centrica rating
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Rating agency Moody’s has downgraded ratings of Centrica’s debt. In a note it said that British Gas’s owner had seen profit fall by 35% in 2019, due to the default tariff cap, low wholesale gas prices and nuclear outages. While…
ACT NOW: Supergen Energy Networks Hub seeks bids for £400k in research funding
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The Supergen Energy Networks (SEN) Hub has invited expressions of interest grants towards energy projects. The Hub’s Flex Fund has £400k of grant money to award to around four projects. It wants expressions of interest for projects of up to £125k based around resilience. The…
ACT NOW: north east energy innovators invited to pitch for business and financial support
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The North East Energy Catalyst is launching an Energy Innovation Challenge that could see SMEs secure up to £20,000 of investment and an additional £20,000 funding towards the development and commercialisation of their ideas, as well as business support to help…
Budget 2020: chancellor claims government ‘is raising its ambition to decarbonise the economy’
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“Reducing carbon emissions and enhancing the environment are major government priorities,” according to Chancellor Rishi Sunak MP, who told MPs in his Budget statement that government wanted to “Create the high-skill high-wage low-carbon jobs of the future”. He wanted to, “Raise…