A think tank has urged government and Ofgem to implement a low carbon gas obligation. Bright Blue’s report, supported by the Energy Networks Association, takes in a range of views – from gas networks and other hydrogen proponents, to those that believe that gas networks cannot exist in a decarbonised system. It outlines the options Read more…
WPD tenders for 93MW of demand-side response
Western Power Distribution (WPD) plans to procure 93.4MW of flexible power, or demand-side response (DSR) across 12 zones for delivery this year and next. The company has also outlined the kind of services it will require to help balance parts of its network over the next five years. Further zones will be released for procurement in Read more…
Mitsubishi takes 20 per cent stake in Ovo, plots vehicle to grid and smart home push
Mitsubishi Corporation has acquired a 20% stake in UK independent energy supplier Ovo. The Japanese conglomerate will pay £216m. Ovo said it will use the money to expand overseas, primarily Europe, Australia and Japan, and continue its push into electric vehicles, smart charging and vehicle to grid (V2G) services, where vehicles and storage infrastructure are Read more…
Utilitywise calls in administrators
Utilitywise is in administration having failed to find a buyer or raised enough money to stay in business. The company will immediately close its enterprise division, by far the largest part of its business, which acted as a third party intermediary (TPI) for the SME and micro business sectors. Andrew Johnson and Chad Griffin of FTI Read more…
Good Energy steps up b2b battery storage push
Good Energy aims to increase battery storage activity with commercial customers. The renewable energy supplier has signed Belectric and Powerstar as framework partners. The company, which has 4,000 business supply customers, takes a fully-funded behind-the-meter (BTM) approach, with contracts guaranteeing customers fixed electricity bill savings for the life of the contract. The aim is to Read more…
Solar fund plans £20m commercial rooftop PV spree
Next Energy Solar Fund is planning to spend £20m on commercial building rooftop PV in 2019. The fund has partnered with Zestec Asset Management to develop and build out new projects and aims to acquire existing rooftop schemes as well as fund new developments. The plan is to sell electricity generated from the schemes via Read more…
Charging reviews: Lobby groups urge Greg Clark to intervene or “derail” battery storage
Energy industry trade groups have called on energy secretary to prevent “misaligned” reforms to network charging from damaging the low carbon and flexible power sectors and undermining government ambition to create a smart, flexible energy system. Failure to take “urgent action” threatens to kill off the nascent battery storage market, they suggest. In a letter Read more…
Engie signs 15-year PPA with Moray East offshore windfarm
French utility Engie will take 23.3 per cent of all the power generated by the 950MW Moray East offshore windfarm when its enters commercial operations in 2022. The firm, which has a 23.3 per cent stake in the project 15 miles off the east coast of Scotland, has signed a 15-year power purchase agreement (PPA). Read more…
Preparing for and managing crises: What you need to know
Crises happen. Organisations might like to wish that they didn’t, but the reality is that the unexpected has an unhappy knack of occurring. Steve Macaulay, Cranfield School of Management, underlines the importance of becoming a ‘crisis-ready’ organisation in this sponsored post The consequences of crises aren’t pleasant—even when there is no loss of life. Financial penalties, Read more…
Interserve’s largest shareholder calls for removal of board
Coltrane Master Fund, the largest single shareholder in construction and FM company Interserve, has called for the board of directors to be removed from the company, bar CEO Debbie White. The news follows Interserve’s announcement that it has agreed a debt reduction plan with key lenders. The plan will see the company swap hundreds of Read more…
Industrial supply chain partner cuts cost, carbon and maintenance with Goodlight LED lighting
Goodlight, a leading LED lighting brand has announced that FWB, an established supply chain partner has replaced the outdated fluorescent lights across its three strategic sites in Stoke-on-Trent, Wrexham and Truro with Linear LED High Bays, LED Battens and Eco LED Ceiling Panels. A total of 8,200 sq m of warehousing, trade counters and offices Read more…
Councils and transport firms given £44m for electric buses
Councils and bus companies in England and Wales have been given £44m to pay for low carbon buses and infrastructure. Most are electric, through Brighton and Hove Buses has been awarded £4.4m for 20 hydrogen buses and associated infrastructure. Nottingham City Transport has been awarded £1.13m to pay for biomethane infrastructure. The funding will be Read more…
£320m heat network fund open for applications
Government’s flagship heat network funding programme is now open for applications. It is hoped that £320m in capital funding from taxpayers will enable about £1bn to be leveraged to deliver heat networks in urban areas across the UK that should help reduce emissions from heat. The Heat Networks Investment Project (HNIP) is open to applications Read more…
Grid operators move to cut EV charging point bottlenecks
Electricity network operators aim to reduce the time it takes to connect electric vehicle charging points to the local grid. Industry body the Energy Networks Association (ENA) says its new, standardised process will enable more mass rollouts for all types of business and households, including commercial properties. The streamlined process, which stops installers having to Read more…
Large firms commit to massive EV push: Free report
Some 31 corporates including BT, EDF, Eon, Ikea, Unilever and Vattenfall, have pledged to convert their fleets to electric vehicles by 2030. The firms are signatories to The Climate Group’s EV100 initiative, which, like the RE100 project, hopes to attract at least 100 of the world’s largest companies as partners committed to cutting carbon and Read more…
Npower to cut 900 jobs
Npower is to cut 900 jobs, 14 per cent of its workforce. The company blamed tough market conditions, the price cap and intense competition on fixed price tariffs. CEO Paul Coffey said the company would still make a “significant” loss for the year after slashing headcount and wage bill. He said the recent spate of Read more…
Beis launches funding competition for big energy storage and small flex markets
The department for business, energy and industrial strategy (Beis) is inviting bids for millions of pounds in grant funding to support development of large scale energy storage and small scale flexibility markets. Big storage The large storage competition aims to help prove novel approaches to storage at scale. While some businesses are developing novel large Read more…
SSE Networks to bring households into demand-side response this summer
Scottish and Southern Energy Networks aims to bring households and communities into demand-side response and hopes to start procuring services this summer. The move follows a five-year trial across 4,000 homes in the Solent region called SAVE, which tried a range of mechanisms to see how households could provide demand reduction and response, and what Read more…
Energy efficiency driving UK’s clean economy, renewable heat rises
Energy efficiency remains the bedrock of the UK’s low carbon industry, according to latest government data. Meanwhile turnover in the renewable heat sector saw the largest absolute growth across the low carbon economy. The figures are for 2017 and are obtained via a survey sent by the Office of National Statistics (ONS) to 24,000 businesses Read more…
Yü Group says losses no worse than expected, share price doubles
Share values for business energy supplier Yu Group doubled in early trading after the company said losses for the full year 2018 would be no worse than anticipated. The firm’s value plunged 80% in October when it notified the stock market of an accounting black hole that would lead it to post a loss. The Read more…
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