British Patient Capital has announced an £8 million investment into Tokamak Energy as part of a $125 million financing round. The funding will help to grow the company’s high temperature superconducting (HTS) technology solution, TE Magnetics. The growth will meet…
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Lobster release to add to Triton Knoll site biodiversity
by New Power •
Thousands of juvenile lobsters will be released at the site of its Triton Knoll offshore wind farm in an initiative by RWE and the Whitby Lobster Hatchery to help increase biodiversity in the North Sea. The first batch of 2,500…
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French green hydrogen producer to flex to meet electricity grid needs
by New Power •
Lhyfe, a green hydrogen producer which will use electrolysis to produce hydrogen has announced that it will use flexibility in its electrolyser capacity to help balancing the French electricity grid. The company has announced a partnership with software and energy…
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Does the workforce exist to deliver Net Zero? Energy security & Net Zero Committee opens inquiry
by New Power •
The Energy Security and Net Zero has opened a new inquiry on the UK workforce needed to deliver, clean secure energy. Before the General Election the previous ESNZ Committee heard about the difficulties resourcing work across the energy sector in…
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Select Committee inquiry aims to find ways to boost community energy
by New Power •
The Energy Security & Net Zero Select Committee wants written evidence submitted by 13 January as it opens a new inquiry into Unlocking community energy at scale. Inviting evidence, the committee says community energy is “at the heart of the…
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FirstBus adds Centrica to partners sharing its EV charging bays
by New Power •
Centrica and First Bus have announced a new partnership that will give Centrica secure access to First Bus’s rapid electric vehicle (EV) charging infrastructure at bus depots to charge its vehicles. The initial phase of the Centrica partnership will allow…
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Ofgem supports ‘cap and floor’ regime for three interconnectors, two hybrid links also approved
by New Power •
Ofgem has proposed to grant three interconnectors access to its ‘cap and floor’ financial regime. Seven interconnector projects applied to join the regime in a recent application ‘window’. They were: • Aminth (1.4GW to Denmark) • Aquind (2GW to France)…
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SPEN opens new monthly flexibility tenders
by New Power •
SP Energy Networks has launched its 2024/25 flexibility prospectus. The company says that following stakeholder feedback, it is now tendering for flexibility every month, allowing Flexibility Service Providers more opportunities to participate and providing greater certainty on dispatch expectations. It…
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Elexon has seven independent aggregators lining up to provide businesses with access to the wholesale market
by New Power •
Elexon is in discussions with seven companies that are interested in becoming independent aggregators of electricity flexibility that will allow smaller parties to participate in the wholesale electricity market. The announcement came as the opportunity opened for independent aggregators, also…