Legal & General Capital and Systemiq have announced an investment in Upside Energy, a Manchester-based company that has developed a cloud platform that uses advanced algorithms and artificial intelligence to co-ordinate connected devices to deliver flexibility services to the energy system.…

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Shell is to buy 100% of First Utility, subject to regulatory and other approvals. The deal is expected to complete in early 2018. Shell said its  energy supply, trading and marketing expertise, combined with First Utility’s experience, will enable First…

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Power exchange Nord Pool has joined with Norwegian energy company Agder Energi to jointly develop a new marketplace capable of exploiting decentralised flexibility. Now Nord Pool says it has “ambitions to have a pilot in the GB as soon as…

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Greencoat Renewables has agreed to acquire the 36MW Dromadda More wind farm in County Kerry from Impax.  The 11-turbine wind farm is currently being energised and is expected to be commissioned in March 2018, at which point the acquisition will…

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Next Energy Solar Fund has acquired two operating solar plants with a total installed capacity of 8.6MWp.  They are Gilley’s Dam (5.0MWp, Cornwall) and Pickhill Bridge (3.6MWp, Wrexham). Gilley’s Dam was connected to the grid during March 2016 and receives…

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BP is to invest £200 million in solar developer Lightsource over there years. It will acquire 43% of the company over that time, the company will be renamed Lightsource BP and BP will have two seats on the board of…

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The UK Advanced Boiling Water Reactor (UK ABWR), designed by Hitachi-GE, is suitable for construction in the UK, the Office for Nuclear Regulation has concluded. Horizon is planning to build and operate two of the ABWRs, which will together provide…

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Simec Energy is to sell its Uskmouth power plant in Newport, South Wales, to Atlantis Resources. Completion is expected in Q1 2018. Atlantis wants to “build a diversified renewable energy company of scale”. It plans to convert the 220MW Uskmouth plant to…

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Leaving the EU’s nuclear safeguards agreement Euratom “comes at a cost of millions, with very real doubts that it will actually be ready in time” the Select Committee on Business, Energy and Industrial Strategy (BEIS) has warned in a new…

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Two offers made to buy the Green Investment Bank (GIB) were both below the government’s minimum acceptable valuation, according to the National Audit Office (NAO). Macquarie, the winning bidder, raised its offer during the process, but at the same time it…

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