Gresham House has purchased a 12MW battery-ready solar farm from renewables developer Anesco for one of its New Energy funds. It is expecetd to begin generating solar power in March 2020 The site, known as Bumpers, straddles the Chiltern railway line…
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Legislation will set new security framework for smart devices
by New Power • • Comments Off
New legislation will require consumer smart devices to meet three rigorous security requirements for the Internet of Things (IoT), the Department for Digital, Culture, Media and Sport (DCMS) has announced. Consumer devices such as fridges that can respond to price signals…
Western Link failings prompt Ofgem investigation
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Ofgem has launched an investigation into National Grid Electricity Transmission and SP (Scottish Power) Transmission over the delivery and operation of the Western high-voltage direct current (HVDC) subsea cable, which the two companies undertook as a joint venture. The £1.3…
Renewable Exchange proves effective as wind farm operator signs two dozen PPAs
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The Renewable Exchange platform saw more than 15 suppliers tender for Power Purchase Agreements (PPAs) for Aviva Investors’ onshore wind farms. They offered multiple ways of monetising power, subsidy and embedded benefits from the wind farms and as a result Aviva Investors has…
Where will we be in 2030? Key questions for a changing power sector
by New Power • • 1 Comment
As the 2020s start, in the January 2020 issue of New Power Report we set out a series of questions about how the industry would look at the start of the 2030s. What’s your view? Have we asked…
GridBeyond secures £9M expansion funding
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Smart grid platform provider GridBeyond has secured £9 million in new funding. The leading investor in the round was EDP - Energias De Portugal, the Portuguese electric utility company. It was supported by existing and new investors in the company: Act Venture Capital –…
Habitat picks up management contract for Gresham House
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Habitat Energy is to optimize 74MW of energy storage projects for Gresham House Energy Storage Fund. The multi-year agreements comprise three existing projects: a 20MW project in Wiltshire, a 5MW project in Wolverhampton and the recently-commissioned 49MW project on the Red Scar…
CCC: make more use of home grown energy crops
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The UK should expand its use of bioenergy to deliver carbon savings, the Climate Change Committee said in its report published today (23 January). But support should be limited and the best use of biomass kept under review. The report…
Ofgem agrees customers can pick up the bill to cover £12.7M in credit balances at latest failed suppliers
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Two more suppliers that took on new customers under ‘supplier of last resort’ arrangements, promising to preserve customer credit balances, will be able to recover part of that cost from consumers, Ofgem has agreed. The latest agreements will call on…
Citizens Advice warning: public needs support to make net-zero transition
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Government must put the public at the heart of plans to reach net zero by 2050 or it risks fatally undermining the process, Citizens Advice has warned. In a survey of 2000 adults in December, 82% supported the commitment. But…