From New Power founder Dom Maclaine’s latest blog: “amid extreme predictions of certain doom, there are areas where the implications of Brexit are much more overtly uncertain. Energy policy, and particularly the future of low carbon technologies and policies is…
News
National Grid and RES launch sub-second frequency response service
by Annabel Andrews •
National Grid and Renewable Energy Systems (RES) are working on the first battery energy storage systems to provide a dynamic frequency response service in under a second in Great Britain. The companies have signed a four year contract that will…
Flash update
Aggreko to supply back-up power for Network Rail
by Annabel Andrews •
Aggreko has won a five-year contract to supply rental power to Network Rail for emergency support and planned maintenance. Network Rail chose Aggreko after a competitive tender to loan and install a range of large output power generation that will be…
News
Beatrice wind farm wins £525M in EIB funding
by New Power •
The Beatrice windfarm has won the European Investment Bank’s (EIB’s) single largest investment in an offshore wind project. The EIB is providing £525 million for construction of the project to be built 14km off the Caithness coast. The 19-year long-term…
Flash update
ENGIE confirms Rugeley Power Station to cease operations next month
by Annabel Andrews •
ENGIE has confirmed it is to begin decommissioning its 1,000 MW coal-fired Rugeley Power Station in Staffordshire by the end of June 2016. The company first announced its plan to cease market operations in February this year, due to the deterioration in…
Perspective
Eurelectric: The EU needs a strong carbon price signal to drive low-carbon investment
by New Power •
Hans Ten Berg, Eurelectric secretary general, says electrification remains crucial to reducing carbon emissions and the EU ETS must be able to provide the right investment signals The Paris Agreement is a major landmark in addressing the global climate change…
Flash update
Eurotunnel takes sole ownership of ElecLink
by New Power •
Eurotunnel will take on sole ownership of the planned ElecLink interconnector. It has signed a conditional agreement with Star Capital under which Groupe Eurotunnel will acquire Star Capital’s 51% share of the project. ElecLink is developing a 1000MW high voltage…
Flash update
Dong Energy signs three to flexible balancing tariff
by New Power •
Dong Energy has so far signed up three large users to its Renewable Balancing Reserve product, which invites customers to provide demand response, and New Power understands others are in the pipeline. The offering was launched in February and it…
News
National Grid profits up by 6 per cent, fueled by strong performance from French interconnector
by Annabel Andrews •
National Grid’s operating profit was £4,096m in 2015-16, up £233m (up 6%) compared with the previous year at actual exchange rates, according to the firm’s annual results. The company said that its interconnector with France had helped boost it’s earnings…