Gresham House Energy Storage Fund says it will take forward construction of battery storage projects 240MW after a share issue raised £100M. It said the placing was “significantly oversubscribed and a scaling back exercise has been undertaken”. The company says…

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Avoiding grid fees and environmental levies is key to reducing the cost of producing ‘green’ hydrogen via electrolysis of water, according to a new report from Aurora Energy Research, as well as having a good green energy resource. But in…

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GLIL Infrastructure Fund and ion Ventures have set up a new joint venture, Flexion Energy Holdings UK Ltd, to develop 300MW of grid-scale battery projects in the UK within two years. They aim to grow the new company’s portfolio to…

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SP Energy Networks (SPEN) has contracted power producer Conrad Energy to provide a reactive power service, the first time this has been done at a distribution level. The voltage on the electrical system is a core component of maintaining its…

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Octopus Renewables Infrastructure Trust has exceeded its target in a new share offering and decided to increase the size of the Issue to approximately £150 million (from approximately £100 million). Chris Gaydon, Investment Director at Octopus Renewables, commented:”The team is…

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Plans to replace diesel with hydrogen fuel on the railway have moved closer, as railway rolling stock owner Eversholt Rail has entered into an agreement to develop hydrogen supply options with H2 Green, the hydrogen network operator. They want the…

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In a knock for the assumption that heavy duty trucks and other vehicles will require hydrogen fuel in future, three major commercial vehicle manufacturers – Volvo Group, Daimler Truck and the Traton Group – have announced plans for an electric…

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HydrogenOne Capital Growth Fund has announced plans to raise £250 million and list on the London Stock Exchange by the end of July. It plans to qualify for LSE’s Green Economy Mark at admission, which recognises companies that derive 50%…

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Fund manager Equitix and Greenvolt have taken ownership of Tilbury Green Power, an operational 41.6MW biomass power plant located in the Port of Tilbury, Essex. Greenvolt, which will own 51% of the plant, is owned by ALTRI, SGPS. Equitix funds…

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NeuConnect has confirmed plans for financial close on its interconnector in September and the start of initial works later this year, with major construction works starting in 2022. The 1.4GW, 700km interconnector between the GB and German energy markets will…

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