Foresight Solar Fund is to add co-located battery storage to some of its UK operating PV sites and look for new combined sites, in a change of investment strategy. The fund said it had identified “several sites with available land…

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Long-duration storage developer Invinity says it has doubled stack manufacturing capacity for its vanadium flow batteries at its Bathgate, UK and Vancouver, Canada, sites since December 2020 and plans to double it again by April. In a trading update, it…

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Distributed generation will have to be registered to take part in Balancing Market (BM) in order to take part in the Capacity Market, under new proposals from BEIS, and notify the system operator of plant ‘market position’ in every half-hour…

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Shell is expanding its reach into the smart power space. In February it announced the acquisition of virtual power plant (VPP) operator Next Kraftwerke, which remotely connects and manages over 10,000 decentralised energy units across Germany, Belgium, Austria, France, Poland, the Netherlands, Switzerland and Italy. Now…

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Balancing and settlement company Elexon has said that  13 domestic energy supply companies are under ‘special ficus’ to ensure their estimates of customer usage remain within accuracy limits. Accuracy has been affected during Covid, for example because companies were unable to…

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Diamond Transmission Partners is to pay £1.175B for a 25-year licence to own and operate the transmission line connecting Hornsea One to the onshore network. The company is a consortium comprising Mitsubishi Corporation and Japanese utility Chubu Electric Power. Hornsea One wind farm…

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The CMA has set the headline rate of return for water companies at  3.2%, compared with 4.67% in the previous price control period, approximately 3.6% proposed by the water companies  and 2.96% proposed by Ofwat. The CMA said it had also provided increased allowances to pay for…

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The Public Accounts Committee has warned that the government still  lacks a plan for how it will achieve Net Zero emissions by 2050, almost two years after it set the target.  Departments do not consider the impact on Net Zero when taking…

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BEIS wants feedback by 12 March on plans for a competition to share funding of up to £68M among long duration energy storage technologies with the aim of accelerating commercialisation. The competition will open to applications in April-July, with projects going…

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Rating agency Moody’s has downgraded Gwynt y Mor OFTO PLC’s rating from A3 to Baa1, saying it has a continuing history of  major cable faults, the cost of repairing and managing the faults is uncertain and the company will be drawing…

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