With just over five weeks to go before closure of its attempt to acquire Good Energy, Ecotricity has so far received acceptances of its offer for shares representing approximately 1.8 per cent of Good Energy’s issued ordinary share capital, Ecotriicty…
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Energy efficiency fund to raise £175M in new share offering
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SDCL Energy Efficiency Income Trust has announced a share offering to raise £175 million, saying it has identified an extensive pipeline of investment opportunities with a value of over £600 million. Jonathan Maxwell, chief executive of SEEIT investment manager Sustainable…
EDF exits UK gas generation as it completes West Burton B disposal
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Institutional investor EIG has completed its acquisition of EDF’s West Burton B power station in Nottinghamshire. The acquisition was announced in April and sees EDF dispose of its only UK gas-fired power station, and will see EIG become a UK…
Severn Trent and Octopus plan joint development for Midlands renewables projects
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Water company Severn Trent and energy supplier Octopus Energy Group are joining forces to develop renewable energy projects across the Midlands using Severn Trent sites and other third-party locations throughout the region. The collaboration follows Severn Trent’s plans, announced in…
Shell plans 50,000 on-street EV chargers by 2026
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Shell has announced plans to dramatically increase its ‘Ubitricity’ on-street chargers from 3,600 to 50,000, saying it will offer financing to local authorities to drive the rollout. It said its ambition is to reach the target by the end of…
ESB takes majority control of So Energy, will use brand in GB
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Irish energy company ESB has taken over So Energy after acquiring more than 75% of the GB supplier, which was founded in 2015. The new company will retain the So Energy brand, adding to it customers of ESB’s GB retail…
£8M available from new phase of BEIS Industrial Energy Efficiency Accelerator
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A new phase of BEIS’s Industrial Energy Efficiency Accelerator (IEEA) has opened for business with £8 million in funding available for commercial-scale demonstrations of energy or resource efficiency innovations. The programme aims to accelerate the UK’s industry net zero transition…
ESB and Carrington pay £6M for misleading data that inflated power sales to system operator
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ESB Independent Generation Trading (IGT) and Carrington Power have agreed to pay £6 million for breaching wholesale energy market regulations, Ofgem says. IGT controls Carrington’s output. Between March 2019 and September 2020, the companies regularly submitted misleading data to system…
NGESO forecasters test AI options to help manage solar variation and reserve
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The electricity system will be better able to manage local changes in supply from solar arrays as they react to moving weather systems, if a new solar ‘nowcasting’ service for the national control room is successful. National Grid Electricity System…
Two more coal stacks disappear from Yorkshire skyline – watch
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Watch ‘blowdown’ of two 200m chimney stacks at SSE’s Ferrybridge coal-fired power plant, as well as the boiler house, here. COP26 President Alok Sharma hit the detonator button for the event in West Yorkshire on 22 August. SSE, a Principal…