SSE and electric vehicle (EV) smart charging service provider Jedlix have signed a deal to deliver grid balancing services from EVs. The partnership will allow domestic customers with EV charging to provide flexibility into the balancing market at times of…
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Proposed West of Orkney wind farm could feed ‘industrial scale’ hydrogen production
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A consortium bidding in the ScotWind leasing round to build a 2GW offshore wind farm west of Orkney said it plans to use it to power the production of green hydrogen on an industrial scale on Orkney’s Flotta island. Macquarie’s…
Octopus EV drivers to participate in BM ‘within months’
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Octopus Electric Vehicles is expanding its vehicle-to-grid (V2G) project Powerloop with the aim of participating in the National Grid’s Balancing Mechanism (BM) “in the coming months”. Powerloop, launched in 2018, has seen over 130 electric vehicle (EV) drivers use a…
AMPower UK set to be expelled from balancing and settlement
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AMPower has been threatened with expulsion from the Balancing and Settlement Code (BSC), the agreement the governs electricity suppliers and other parties who take part in the electricity market. The supplier has been told that it has 28 days to…
EV chargepoint installer Pod Point plans IPO in major fundraising
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Pod Point is set to float up to half of its electric vehicle (EV) charging company, with owner EDF expecting to maintain a stake of more than 50%. Announcing that it was considering a float the company said it was…
Trust plans IPO to raise £230M to fund 1GW of battery storage
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Harmony Energy Income Trust is raising money to invest in 1GW of ‘shovel ready’ battery projects in Great Britain, in a £230 million share offering. It expects to acquire projects at a cost of £750,000/MW, whose value will rise to…
Uskmouth conversion to waste burning delayed as Welsh Government calls in application
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The Welsh Government has called in an application to convert Uskmouth power station to burn waste pellets submitted by SIMEC Atlantis Energy Limited (SAE). Previously Natural Resources Wales (NRW) was leading the determination. SAE believes that NRW was minded to…
Good neighbours – and HVDC – could help manage energy droughts in future
by New Power • • 1 Comment
The search for power supplies that will provide solutions to still, cold weather periods that leave the GB market short of supply at the same time as its neighbours, has driven more interest in gas storage and in a ‘further,…
Industry process to be re-examined after new rise means credit requirements for energy companies have doubled over October
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Energy companies struggling to manage their finances are set to be hit again at the start of November when they are called on to post more cover to back the rising cost of energy – and the credit calculation process…
Ofgem investigating whether two companies took advantage of network constraint payments
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Regulator Ofgem has opened an investigation into the behaviour of two electricity generating companies asked by the system operator to accept bids to reduce generation to help manage transmission constraints. The Electricity System Operator manages transmission constraints by instructing generators…