The National Trust is reforming its investment strategy and will divest from fossil fuel assets, which currently represent 4% of its £1 billion stock market portfolio. Previously the Trust had required that no investment be made directly in companies which derived…
News
LPG suppliers to switch to bio-version – but the change will take two decades
by New Power •
The UK’s LPG users will move to a bioLPG alternative, suppliers have promused. But the switch will not be complete for over two decades. Around two million ]homes in the UK rely on off-grid fuel sources, and so do thousands…
News
Rolls-Royce joins with Getec to install decentralised energy systems
by New Power •
Rolls-Royce and Getec, the German decentralised heat, power and cold contracting and energy services company, have signed a cooperation agreement. The aim is to supply and operate decentralised energy systems such as CHP plants and on and off-grid microgrid solutions, as well as other…
News
Open Networks consults on DSO flexibility markets
by New Power •
Ease of access is the key to new flexibility markets, the Energy Networks Association said, launchung a new consultation on flexibility services from the Open Neyworks project. The consultation seeks views on how the six steps in the Flexibility Commitment can be…
News
Flexitricity harnesses small sites to get DSR benefits
by New Power •
Flexitricity has partnered with eight organisations across a range of sectors to trial an innovative demand side response (DSR) solution. The Quickturn project, funded by the Department of Business, Energy and Industrial Strategy (BEIS), aims to provide an opportunity for smaller…
Perspective
OPINION: A trillion pounds? It’s a winning transition
by New Power •
Matthew Bell, director at Frontier Economics and ex chief executive of the Committee on Climate Change (to 2017), takes a closer look at HM Treasury’s view of a net zero target On 2 May, the UK Committee on Climate Change (CCC),…
News
Community energy business funding on offer
by New Power •
The Next Generation innovation fund has opened for applications. It is lookimg for well established and experienced community energy businesses in England who want to develop innovative business models. Projects must be complete by June 2021. It will select five projects…
News
Together Energy claims £4.8 million in SOLR costs
by New Power •
Ofgem plans to allow Together Energy to reclaim nearly £5 million in costs it incurred when it took over failed supplier OneSelect’c customers. Together Energy was one of six companies who competed to take on the customers as part of…
News
Carbon capture projects win £26 million in government funding
by New Power •
Nine projects have secured £26 million of government funding, alongside industry funds, to advance the rollout of carbon capture, utilisation and storage (CCUS) in the UK. The largest projects involve carbon capture from an industrial process and from bioenergy. Luke…