MPs scrutinising detail of a draft revised National Policy Statement for Energy (NPS EN-1) say it does not deliver our Net Zero ambition and it should give more support to key low-cost technologies like onshore wind, as well as giving…
News
CCC: more UK gas extraction ‘not the solution’ to high gas prices
by New Power • • Comments Off
Increasing the UK’s extraction of fossil fuels, whether that is expanding North Sea production or using shale gas, would not reduce the pressure of high gas prices on UK consumers, according to the UK Climate Change Committee (CCC). Speaking at…
High power prices ‘more than offset’ low wind for Greencoat
by New Power • • Comments Off
Greencoat UK Wind generated just four-fifths of its expected power in 2021, as low wind speeds affected its 1.4GW of installed capacity across 43 onshore and offshore operating wind farms in the UK and Northern Ireland. But although generation was…
Long duration energy storage projects receive £4M funding
by New Power • • Comments Off
Five ‘long duration storage’ projects have been jointly awarded over £4 million of funding by the Department for Business, Energy and Industrial Strategy (BEIS). The funding is intended to accelerate commercialisation such storage projects through to actual demonstrations. BEIS says,…
Crown Estate Scotland set to offer seabed wind leases around oil and gas infrastructure
by New Power • • Comments Off
Crown Estate Scotland is will open a bidding window in June 2022 offering offshore leases for specific types of offshore wind projects. The round will have two ‘pots’. One is for innovative wind projects sized at less than 100MW, which…
Triodos and Grid Beyond to drive installation of £10M of behind-the-meter storage
by New Power • • Comments Off
Grid Beyond has agreed a project financing facility from Triodos Energy Transition Europe Fund to invest £10 million in a pipeline of ‘behind the meter’ battery storage projects across the UK and Ireland. Triodos Energy Transition Europe Fund is the…
IGas joins Cornish Lithium to develop geothermal heating schemes
by New Power • • Comments Off
IGas and Cornish Lithium have agreed heads of terms to develop geothermal heating projects, and are considering sites to jointly develop a pilot scheme. The companies say a technical and commercial evaluation of a number of potential project locations is…
Habitat Energy strikes deal to manage two batteries for Eelpower
by New Power • • Comments Off
Energy storage company Eelpower has signed a three-year optimisation agreement for two 50MW batteries with Habitat Energy. The batteries are being built as part of Eelpower’s 2021 joint venture arrangement with Swiss infrastructure fund manager SUSI Partners. The projects, at…
Whoop Energy and Xcel Power cease to trade
by New Power • • Comments Off
Whoop Energy and Xcel Power have ceased to trade and entered the supplier of last resort process. Whoop Energy supplies 262 gas and electricity customer accounts, of which 212 are non-domestic and 50 domestic. Xcel Power has 274 customer accounts,…
Moneysupermarket saw energy switching revenues at zero in Q4 2021, expects zero energy revenue in 2022
by New Power • • Comments Off
Switching site Moneysupermarket saw no revenue from energy switching in the last quarter of 2021 because high wholesale energy prices meant there were no switchable energy tariffs available from October. The company said it was assuming that energy revenue would…