Wartsila is to acquire storage company Greensmith Energy Management Systems. Wartsila says the acquisition will “to expand its footprint in the energy storage market and position itself as a leading global energy systems integrator.” Greensmith’s energy management software system, GEMS,…
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UK renewables: expect mergers and acquisitions, says investor Foresight
by New Power • • Comments Off
There will be major consolidation in the renewables sector in the UK over the next couple of years, according to Dan Wells, a partner in the infrastructure team at investment managers Foresight. Developers and EPC contractors have held projects on their…
Instavolt partners with ChargePoint to deliver new rapid charging network
by Annabel Andrews • • Comments Off
Instavolt has signed a deal with US electric vehicle company ChargePoint to purchase 200 of ChargePoint’s rapid charge systems. The charging stations, which will be installed later this year, can add hundreds of miles of range in as little as 15 minutes…
Energy companies join to develop sector blockchain
by New Power • • Comments Off
Ten energy sector companies have set up a ‘not for profit’ foundation, Energy Web Foundation, to extend the use of blockchain technologies in the energy sector. The companies – Centrica, Elia, Engie, Sempra, Shell, SP Group, Statoil, Stedin, Tokyo Electric…
Scottish low-carbon projects win £43 million in funding
by New Power • • Comments Off
The Scottish Government has announced £43 million in grants to 13 low carbon infrastructure projects via the Low Carbon Infrastructure Transition Programme (LCITP). The projects include: Glenrothes Next Generation Heat. The project aims to find district heat customers for RWEs…
Britain should push for new pan-European energy partnership post-Brexit, think tank says
by Annabel Andrews • • Comments Off
It is in the EU and Britain’s best interests to work together on energy policy once Britain has left the EU, Chatham House said in a new report, Staying Connected: Key Elements for UK–EU27 Energy Cooperation After Brexit. Strong energy cooperation…
Good Energy launches bond to raise £10 million to expand into storage and electric vehicles
by New Power • • Comments Off
Good Energy has launched its second corporate bond. It wants to raise £10 million (with an over-subscription maximum of £20 million). Its first bond was launched in 2013. The new bond will have an initial four-year term and investment can…
Innasol teams up with Mercedes Benz Energy to offer domestic storage batteries
by Annabel Andrews • • Comments Off
Innasol has signed a deal to distribute, service and maintain Mercedes Benz Energy’s domestic energy storage products in the UK. Innasol has already trained 50 installers to install Mercedes Benz Energy domestic batteries at the Innasol Academy in Essex. Those installers will…
Gas engines ‘could be transplanted overseas’ despite Capacity Market penalties if Triad benefits are not grandfathered
by New Power • • Comments Off
So-called car-park generators could walk away from capacity market (CM) contracts if regulator Ofgem goes ahead with plans to cut Triad payments – and that could include dismantling and exporting plants that have already been built, New Power has been…
Industry warned to get ready for Project Nexus Go-Live
by Annabel Andrews • • 1 Comment
Ofgem has warned the entire energy industry has to be ready for Project Nexus Go-Live this month. Project Nexus is the implementation of new business processes for gas settlement reform and the single service provision for all gas transporters. The system will cover…