Two ‘smart energy’ companies have warned that the lack of a standard language for smart home energy devices will limit the number of green energy technologies that can be used and raise energy system costs – by some estimates up…
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SPAC plans to raise £175M to invest in energy transition companies
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Ex energy minister Amber Rudd is among the advisors to a new company formed to invest £175 million in ‘energy transition’ companies. The company will aim to acquire businesses in Europe in: the hydrogen value chain; green ammonia; carbon capture,…
UK sun and high power prices boost Foresight’s returns
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High returns in the UK meant solar and battery owner Foresight Solar saw revenues increase, despite a reduction in generation in other countries. It generated 5.3% less than the base case across its global holdings in 2021, but UK operational…
New Tees Valley lithium plant aims to become major supplier to European EV battery ‘gigafactories’
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A new lithium processing company being set up at Teesside Freeport aims to supply 15% of European demand within the decade, according to its new chief executive. Lithium is a key material used in batteries and other new energy technologies.…
Green inertia services cut costs of decarbonising grid
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Three green inertia services will go live by summer, along with new technology which measures the amount of inertia on the network, according to the system operator. Julian Leslie, Head of Networks at National Grid ESO, said: “Building a green…
Gas market price spikes leave suppliers facing credit and collateral calls
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As the market price of gas spikes still higher, energy suppliers are set to be hit by fast-changing requirements for collateral and credit lines in order to trade in the electricity market. Trading parties are set to be hit by…
Energy data sharing access – examples from offshore, balancing and the retail market
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Three initiatives on data sharing and easier access: Offshore data The Crown Estate’s has announced a new look to its online Marine Data Exchange (MDE) that offers more user-friendly and intuitive design, improved search speed and browsing functionality, easier navigation…
DNOs ‘complacent’ on line losses, says Sustainability First, as it struggles to compare ‘inconsistent’ distribution network business plans
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Distribution network operators (DNOs) have taken a “step up” on customer engagement and taken on board the Net Zero target, Sustainability First (SF) said in a report on the DNOs’ business plans for the next five years. But there are…
‘Behind the meter’ emergency equipment failing, warns HSE
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Industrial users relying on so-called uninterruptible power systems (UPSs) to provide a smooth and continuous supply when there is a problem with grid supply may get a rude shock if they have taken a ‘fit and forget’ approach, the Health…
Measures to cut out SF6 in distribution networks ‘wholly inadequate’; planning loophole allows for use at high voltage
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Is the UK doing enough to reduce the use of sulphur hexafluoride (SF6)? The characteristics of this gas make it highly effective for use in electrical switchgear – but it one of the most potent greenhouse gases, with an effect…