Early stage clean growth ventures can now secure investment from a new £40 million investment fund. The Clean Growth Fund (CGF) has a £20 million cornerstone investment through the Department for Business, Energy and Industrial Strategy’s Energy Innovation Programme, and a…
News
Changes to loan regime for public works could check local authority energy investments
by New Power • • Comments Off
Local authorities who want to invest in or underwrite renewable energy projects could see their plans outlawed after HM Treasury set out proposals to change the lending terms of the Public Works Loan Board, which provides funding. HM Treasury said in…
Greencoat acquires PV portfolio from BlackRock/Lightsource partnership
by New Power • • Comments Off
Greencoat Capital LLP is to acquire solar PV projects totalling 156MW from BlackRock BlackRock and Lightsource on behalf of some UK pension funds. The transaction will bring the total solar generating capacity of funds managed by Greencoat to almost 880MW. The…
UKERC opens £1 million funding Call for Proposals on green energy governance, finance and cooling research
by New Power • • Comments Off
The UK Energy Research Centre (UKERC) has opened the first Call for Proposals for grant funding for sustainable energy projects under its Flexible Fund. It expects to distribute £1 million of the total £3 million fund in this first call…
Low-loss transformers to become standard in UKPN’s networks
by New Power • • Comments Off
Following a successful trial with 50 units, UK Power Networks has announced it will switch to installing ‘low loss’ transformers in its networks south and east England and London. It will start by installing the so-called amorphous steel core transformers in the…
Collaboration could see UK battery manufacture expansion for vehicle and grid applications
by New Power • • Comments Off
AMTE Power and Britishvolt have announced a memorandum of understanding (MoU) with the aim of creating an onshore manufacturing supply chain for battery components. If successful the collaboration would enable scalable production of a diverse product portfolio of lithium ion batteries,…
NGESO and Arenko trial software to bring batteries into new reserve services
by New Power • • Comments Off
Battery software services provider Arenko and National Grid ESO are trialling a new upward and downward reserve flexibility service, using Arenko’s 41MW Bloxwich battery – the first time a battery has been able to augment existing upward and downward reserve…
Battery storage wins relief from double charging on export and import
by New Power • • Comments Off
Ofgem has approved changes to the Connection and Use of System Code (CUSC) which will end ‘double charging’ for battery storage in which it pays system charges both when it imports and exports power. But the change will not be implemented…
Research grants available to support sustainable energy in the southwest
by New Power • • Comments Off
Academic researchers are invited to apply for grants of up to £5,000 to support research that contributes to the development of a more sustainable, equitable and democratically accountable energy system in the South West of England. The Bristol Sustainable Energy Research…
Energy White Paper slips towards autumn
by New Power • • Comments Off
The Energy White Paper will probably not be published before the summer recess, Kwasi Kwarteng MP, minister for energy and green growth at the Department for Business, Energy and Industrial Strategy, told an online meeting of the All Party Parliamentary…