Osaka Gas has taken a minority stake in new energy supplier Igloo Energy, with a strategic investment of up to £20 million in the company. Igloo said the investment will accelerate growth. It will also fast-track the development of Igloo’s home services…
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Vitol appoints director for CHP project in step towards Humber Zero
by New Power • • Comments Off
Vitol has taken a step forward in developing plans for its 1.2GW combined heat and power plant (CHP), part of the Humber Zero decarbonisation project in North Lincolnshire. It has appointed Jonathan Briggs as project director. Briggs joins Vitol from OGCI Climate Investments,…
Post-Brexit regulation gaps risk putting UK electrical manufacturing at risk, says BEAMA chief
by Annabel Andrews • • Comments Off
Post-Brexit regulation gaps could allow low-quality goods to overwhelm those produced to existing standards, according to Howard Porter, the chief executive of British Electrical and Allied Manufacturers’ Association (BEAMA). Brexit plans assumed that all regulations would initially be brought into UK…
Drax sets out ambition to be ‘carbon negative’ by 2030
by New Power • • 3 Comments
Drax chief executive Will Gardner has announced an ambition for the power site – once the UK’s largest coal-fired generating site – to be carbon negative by 2030. After closing its remaining two coal generating units at Drax Power Station –…
German offshore wind farm atrracts new investors
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London-listed renewable energy infrastructure investment company Renewables Infrastructure Group (TRIG) is to acquire 36% equity interest in Merkur Offshore, a 396MW offshore wind farm located in the German North Sea. At completion, (expected in H1 2020), TRIG will sell-down a share to minority co-investors managed by…
Northern Powergrid trials low-loss transformer
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Northern Powergrid is to trial five transformers with far lower energy losses than the technology currently used. The ’super low loss’ ground-mounted amorphous transformers (AMTs) are expected to reduce core losses by up to 90%, compared to the older ground-mounted…
SmartestEnergy acquires NHH supply specialist
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SmartestEnergy has acquired small business energy supplier Dual Energy, a company it had provided with wholesale market access services since Dual started up nine years ago. SmartestEnergy said the acquisition would complement its existing I&C electricity supply business, adding smaller…
EC grants €530M for Celtic Interconnector
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A €530.7 million grant for the construction phase of the 700MW Celtic Interconnector Project has been formally signed. The Celtic Interconnector is an EU Project of Common Interest (PCI) which will provide the first electricity interconnection between Ireland and France. The total…
EIB joins with Hydrogen Council to develop projects for investment
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The European Investment Bank (EIB), one of the world’s largest providers of climate finance, has signed an agreement with the Hydrogen Council to collaborate on developoing innovative schemes to finance hydrogen projects to address climate change. The Hudrogen Council is a global initiative…
Utility connections company wins funding
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Multi-utility service provider Aptus Utilities, has won funding of £12.8 million from private equity firm WestBridge to assist with its growth and expansion plans. Further finance was provided by OakNorth Bank. Established in 2010, Aptus provides design, build, install and…