Open Energi has launched a new software platform, which will allow businesses aggregate assets with flexible demand in order to maximise energy savings. The Dynamic Demand 2.0 platform will connect, aggregate and optimise distributed energy assets, including industrial equipment, battery…
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Octopus Investments raises extra £80m to refinance solar assets
by Annabel Andrews • • Comments Off
Octopus Investments has expanded the £484m solar portfolio refinancing it closed earlier this year, further expanding the biggest deal of its kind in the European solar sector. An additional 100MW of solar assets have been brought into the portfolio with…
Vattenfall set to enter GB networks business
by New Power • • Comments Off
Vattenfall has launched an independent distributions business for GB. Vattenfall Networks was granted a licence on 1 November and is expected to begin operations in 2018. It will be headed by Stewart Dawson. The new unit Vattenfall IDNO, an Independent Distribution Network Operator,…
Elexon to offer ‘sandbox’ approach to bring on electricity market innovations
by New Power • • Comments Off
Balancing and settlement company Elexon wants to set up a market ‘sandbox’ to allow companies to test innovative products or ideas for the electricity market. The idea follows Ofgem’s similar approach, which allows for a temporary derogation from existing rules,…
Scotrenewables Tidal Power opens new investment round
by Annabel Andrews • • Comments Off
Scotrenewables Tidal Power is seeking new funding to take forward its tidal technology towards commercialisation. It has appointed financial advisors Simmons & Company International, the energy specialists of US Investment Bank Piper Jaffray, to lead the investment process out of…
Barn Energy opens third Yorkshire hydro plant
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A new hydroelectric power plant will be officially opened today (Friday) by Geoffrey Boycott, the ex-Yorkshire and England cricketer. The 500kW Knottingley scheme, half a mile down the Aiire river from the Ferrybridge coal-fired power station has been developed by…
National Grid culls frequency response products
by New Power • • Comments Off
National Grid has announced it will stop tendering four frequency response and two short term operating reserve (STOR) products, aiming to reduce complexity and help new providers enter the market. The System Operator will bring Enhanced Frequency Response, Rapid Frequency…
Ørsted to sell 50% of world’s largest offshore wind farm
by Annabel Andrews • • Comments Off
Ørsted, formerly known as Dong Energy, has signed an agreement to sell 50% of the 659MW Walney Extension offshore wind farm project. The buyers will be a consortium consisting of two Danish pension funds. Each investor will obtain a 25%…
ENA seeks views on gas and electricity innovation
by New Power • • Comments Off
The Energy Networks Association has launched a consultation on its Gas Network Innovation Strategy. The strategy sets out the challenges and the opportunities facing the gas transmission and distribution networks as the UK looks to decarbonise its energy system. It…
EDF Energy Renewables to sell majority stake in five UK wind farms
by Annabel Andrews • • Comments Off
EDF Energy Renewables is selling a majority stake in five of its UK onshore wind farms to Greencoat UK Wind. EDF Energy Renewables will continue to own a 20% share in the wind farms and will continue to run the…