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…
Author Archive for New Power
National Audit Office: Green Investment Bank bids were below minimum acceptable valuation
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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…
Train ‘third rail’ an ideal client for solar PV, says new report
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Solar PV linked directly to the rail system could supply a significant parti of the system’s power needs, according to a new report, “Riding Sunbeams” supported by 10:10, Imperial College, Innovate UK and Community Energy England. The researchers found that…
10MW battery consented for Perthshire
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Capbal has won planning consent for a 10MW/5000kWh battery unit on the Feddal Estate, Perthshire. It is Capbal’s first storage scheme in Scotland to secure planning consent. Capbal expects the Braco facility to enter operation in mid-2019. Its business partner, NEC,…
Smart Energy Europe warns over threat to IEM open market rules with proposed exemptions for ancillary services
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Smart Energy Europe has raised an alarm over proposed changes in the proposed design of the EU’s Internal Energy Market that would allow transmission system operators (TSO) to own and operate storage and provide more ancillary services themselves. The group…
OPINION Tales of the unexpected: innovation needs a willingness to think differently
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Another day, another industry meeting. First on the agenda: innovation. The industry needs fresh ideas. It has to break the mould. There are new technologies, new services, new offers out there that could make our system better, serve customers and…
Simec acquires Green Highland Renewables
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Ancala Partners has sold its hydro power business, Green Highland Renewables to Simec, the energy arm of the global energy, metals and industrials group, the GFG Alliance. The transaction is unconditional and is scheduled to complete before the end of…
MPs call on CMA to probe SSE/Npower retail merger
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MPs on the Select Committee on Business, Energy and Industrial Strategy (BEIS) have called on the Competition and Markets Authority (CMA) to scrutinise the proposed merger between SSE and Npower’s retail arms. The committee wants the CMA to carry out a…
Batteries will be derated in Capacity Market auction, BEIS confirms
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The government is to go ahead with plans to derate electricity storage facilities that provide power for less than four hours: the change will apply in the forthcoming Capacity Market auctions for 2021/22 and 2018/19. Some 6GW of storage has…
Electron warns: Ofgem’s CSS procurement is closing off innovation
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Blockchain energy systems developer Electron has warned Ofgem that its approach to procuring a Central Switching Service (CSS) is short sighted. In an open letter, the company warned that Ofgem’s approach is “limited in scope”, would perpetuate longstanding industry issues…