Climate policy think tank Sandbag has joined energy firms in co-signing a letter to party leaders, recommending they commit to the Carbon Price Support after 2021 in their election manifestos. The letter argues that the carbon price floor and support…
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Wartsila acquires energy management company, expecting storage to grow ‘exponentially’
by New Power •
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 •
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…
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Instavolt partners with ChargePoint to deliver new rapid charging network
by Annabel Andrews •
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…
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Energy companies join to develop sector blockchain
by New Power •
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…
Flash update
Flipper adds Google Home link to auto-switching service
by New Power •
Auto-switching company Flipper has integrated Google Home into its switching service. The company claims to be the first to enable consumers to switch using Google’s voice-activated home assistant, which also gives users voice control of smart energy devices in the…
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Scottish low-carbon projects win £43 million in funding
by New Power •
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…
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Britain should push for new pan-European energy partnership post-Brexit, think tank says
by Annabel Andrews •
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…
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Good Energy launches bond to raise £10 million to expand into storage and electric vehicles
by New Power •
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…