Macquarie’s Green Investment Group (GIG) has acquired a ‘utility scale’ portfolio of development-stage distribution-connected battery storage from Capbal. The organisations will initially partner to deliver seven projects totaling 187MWh and strategically located in highly congested areas of the UK network,…
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Aksiom Services acquires Anesco, highlights ‘potential to scale rapidly in the UK and elsewhere in Europe’
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Anesco has been acquired by Aksiom Services Group, a partnership between Ara Partners and the Aksiom Group, for an undisclosed sum. The transaction will see principal shareholder and funder Alcentra exiting Anesco’s shareholder base after six years. Aksiom is a…
Independent networks raise fears over Future Homes Standard: gaps on policy delivery must be filled and impact assessment is needed now
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The Independent Networks Association (INA) has warned that government’s plan to ensure new homes will be low carbon is undermined by a lack of joined-up policy delivery and proposed delaying implementation until 2028. A report by EY for the INA…
JLEN acquires first biomass CHP asset
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Environmental infrastructure fund JLEN has made its first investment in large biomass CHP, with the acquisition of Cramlington Renewable Energy Developments Ltd and its underlying contracts. Cramlington owns a biomass CHP plant located to the north west of Cramlington in…
Origami raises £20M to fund expansion of data and trading software that underpins use of green energy
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Origami has raised £20.5M of new funding to help grow its trading and automation software business. The software provides power traders with real-time data and machine-learning decision-support tools to reduce risk, improve visibility and capture value opportunities within new and…
New UK weather dataset allows organisations to improve modelling of extreme events to improve energy resilience
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A new set of data that will make it easier for power sector organisations to model and research extreme weather events in the UK has been made available to researchers. The Adverse Weather Scenarios for Future Electricity Systems project offers…
Partial solar eclipse is likely to see little change in supply, as other activities are interrupted to observe the event during PV generation dip
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A partial solar eclipse on Thursday will likely cause a temporary change in electricity supply on the transmission system of about 600MW, or 3% of the total, according to system operator NGESO. Working on the experience of previous eclipses, it…
Ecotricity promises to bring forward solar and battery projects as it sells Electric Highway to Gridserve
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Gridserve has acquired all of Ecotricity’s electric vehicle charging network Electric Highway. Gridserve took 25% of Electric Highway in March, promising to replace existing chargers will be replaced with new technology, doubling the capacity. It said it would offer three…
New research: majority of homeowners support or are indifferent to domestic gas price rises, but want fuel poverty support
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Nearly a quarter of customers (23%) would be more likely to vote for a government that increased the price of gas for domestic heating and it would make no difference for 37% of respondents, according to new research by the…
Drax joins with Bechtel to seek bioenergy CCS projects in Europe and America
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Drax has joined with engineering, construction and project management company Bechtel to identify opportunities to construct new ‘bioenergy with carbon capture and storage’ power plants globally. Bechtel said it will focus its study on “strategically important regions” including North America…