Thrive Renewables and Aura Power have launched a joint venture that will install and operate batteries for industrial and commercial users free of charge, sharing the revenues. The companies are targeting businesses spending at least £500,000 a year on electricity.…
Author Archive for New Power
Community energy a ‘vital influencer’ for a new energy industry with distributed generation and EVs
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The broad energy industry must support the community energy sector if it wants to get public buy-in to dramatic changes in the energy landscape, says Emma Bridges, chief executive of Community Energy England. Talking to New Power Report ahead of…
OPINION: low carbon should be high profile for networks
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Sustainability First director Sharon Darcy argues that the regulatory framework for all energy network companies should include an explicit low carbon incentive, and concludes that a qualitative approach with a quantitative element may be the best option at this point.…
Summit Power says gas plant with CCS can flex to provide grid services
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Summit Power claims its planned gas-fired power station with carbon capture, the Caledonia Clean Energy Project (CCEP) will be able to ramp its power output up and down, and its cost will stack up against other options, according to feasibility studies. Previously,…
Ofgem may set tougher financial tests for suppliers
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Ofgem will consult in late summer on changes to energy supply licences that could mean suppliers have to face more financial tests. Two companies have exited the market this year requiring the ‘Supplier of last resort’ (SOLR) process to be…
UKPR joins with Fluence for battery installation
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UK Power Reserve (UKPR) has joined with storage technology provider Fluence to build the first phase of its 120MW battery storage portfolio. UKPR has Capacity Market contracts for 120MW of battery storage and is starting construction on the first 60MW.…
Citizens Advice: Ofgem should pursue potential £4.1 billion network savings by rethinking ‘cost of equity’ calculation
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Ofgem has overestimated the amount of risk investors bear when they take a stake in energy networks, Citizens Advice has argued in a new report. It says that Ofgem could save customers over £4 billion over the next price control…
REA: local authorities can help EV rollout
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The Renewable Energy Association has today launched “Taking Charge: how local authorities can champion electric vehicles,” a guide for Local Authority (LA) officers, councillors, developers, and individuals designed to educate about the taxes and grants available to Local Authorities, and highlight ‘best…
Ashden Awards for innovative energy schemes
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Two local energy trading innovations have won Ashden awards for sustainable energy pioneers. Energy Local Club allows households to benefit directly from electricity produced by local renewable generators. The first ELC started in 2016 in Bethesda, Gwynedd with 100 local households and…
SCCS: carbon dioxide storage remains stable over 10,000 year timeframe
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New research has increased confidence in the potential for capturing and storing carbon dioxide, according to SCCS. It says a study published in Nature Communications shows that captured carbon dioxide can be stored safely for thousands of years. In the study,…