June News in Brief
Trading specialist OpenLink has launched a cloud-based platform for trading, treasury and risk management. OpenLink said the system was developed with 50 of its largest energy and financial services clients.
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Wartsila takes control
Wartsila is to acquire storage company Greensmith Energy Management Systems. Wartsila says the acquisition will “expand its footprint in the energy-storage market and position itself as a leading global energy systems integrator”.
Entrepeneurs pick storage
Growth in independent renewable projects has flatlined in the wake of deep and sudden subsidy cuts, according to SmartestEnergy’s fifth annual Energy Entrepreneurs Report.
Johannes Teyssen: exporting over transmission network should be last option for generators
New energy companies focusing on regulated businesses and distributed generation are less likely to look at mergers and acquisitions to grow their businesses, according to Johannes Teyssen, chief executive of E.On.
Nissan joins with Eaton
Nissan has joined forces with Eaton to launch a domestic energy storage product, known as xStorage, that can use recycled lithium ion batteries.
Good Energy bond
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.
Distribution deal
Innasol has signed a deal to distribute, service and maintain Mercedes-Benz Energy’s domestic energy storage products in the UK.
Grants announced
The Scottish Government has announced £43 million in grants for 13 low-carbon infrastructure projects through the Low Carbon Infrastructure Transition Programme (LCITP).
NIE warns on price control
The ESB’s NIE Networks unit has warned that price controls proposed by the energy regulator in Northern Ireland are cause for “very significant concern” for its directors and will result in a £105 million (€121million) combined revenue and earning
Call to keep carbon support
Climate policy think tank Sandbag has joined energy firms in co-signing a letter to party leaders, recommending they commit themselves to the Carbon Price Support after 2021 in their election manifestos.