Eland Cables, Enertechnos, Brunel University and The Welding Institute have combined in a project to reduce cable losses. The project is supported by a £1 million Innovate UK grant. The new ‘long linear capacitor’ cable technology is dubbed the Capacitive Transfer System…
News
UKPN to launch flexibility marketplace with Open Utility
by New Power •
UK Power Networks and Open Utility are planning to develop and an online marketplace for local flexibility. The service is planned to launch in spring 2018, at which point flexibility providers will be able to register their assets and start to…
News
Europe to reach off-grid energy parity in 2022, says EY
by Annabel Andrews •
It will cost the same to self-generate and store power as it will to buy from an energy provider by 2022 in Europe, Ernst and Young have said in a new report. The firm also predicted that electric vehicles would…
Flash update
Carillion liquidation: three National Grid projects call on contingency plans
by New Power •
Infrastructure and services giant Carillion has gone into liquidation after talks with its lenders failed to answer funding questions. Carillion works across the energy sector. In facilities management, its energy services arm provides funding for energy efficiency programmes as well as…
Flash update
Small generators in the southeast wanted for reactive power market trial
by New Power •
National Grid and UK Power Networks are recruiting distribution-connected generators to trial a new market in reactive power. Traditionally reactive power was managed on the transmission network, by National Grid. But with more power assets connecting to the distribution network,…
News
Welsh government offers cash to kick-start Swansea tidal project
by Annabel Andrews •
Welsh first minister Carwyn Jones has committed to providing further investment to kick-start the Swansea Bay Tidal Lagoon and is calling on the UK government to give the project the green light. Jones has sent a letter to prime minister Theresa…
News
New CCGT planned for Ferrybridge
by New Power •
SSE has announced plans for a new CCGT at the Ferrybridge site in Yorkshire. The new plant will be known as Ferrybridge ‘D’ and will have a generating capacity of up to 2,000MW. SSE owned and operated the coal-fired Ferrybridge ‘C’ power…
News
Ofgem confirms ‘cap and floor’ guarantee for 4.2GW of interconnections – but Brexit raises concern
by New Power •
Ofgem has confirmed it will guarantee returns for investors in three new Interconnector projects totalling 4.2GW. The three - GridLink (to France), NeuConnect (to Germany) and NorthConnect (to Norway) – will all be able to operate under a ‘cap and floor’…
Longread
Iona Capital: corporate power buyers are key to new green projects
by New Power •
A good corporate buyer taking the power from a renewable energy project is becoming more important than government support, according to Nick Ross, director at Iona Capital. In an exclusive interview with New Power Report, Ross, whose company directs pension fund investment…