John Laing Environmental Assets has acquired its fifth anaerobic digestion (AD) plant. The fund entered the AD market last August and now has 25MW, accounting for almost tenth of its renewable energy asset base. The company has indicated it will target AD in the hunt for better yields in the face of rising competition in Read more…
Ofgem rejects UK Power Reserve’s bid for change in balancing services
Ofgem has rejected a call from UK Power Reserve to change balancing services rules. The peaking plant firm, now owned by Sembcorp, wanted to stop larger generators in the Balancing Mechanism from getting paid multiple availability payments for different services with the same asset. For example, being paid to be available to provide Black Start, Read more…
Five steps to optimise CHP efficiency
Combined Heat and Power provides businesses and organisations with an affordable route to cleaner energy and long-term economic savings. So how to ensure maximum rewards from this low-carbon technology? Remeha offers advice Step 1 – check demand CHP operates most efficiently and generates greater cost and carbon emissions savings if it is running constantly and, Read more…
Japanese utilities take 41% stake in Innogy’s Triton Knoll wind farm
J-Power and Kansai Electric Power will take a 41% equity stake in Innogy’s Triton Knoll wind farm, being built around 20 miles of the Lincolnshire coast. The 860MW wind farm is expected to commission in 2021 and cost £2bn. Onshore work has already started, with offshore construction due to start next year. The project has Read more…
Limejump now trading flex in Balancing Mechanism
Limejump has entered the UK Balancing Mechanism, a real-time market for flexibility. The firm, which has a supply licence, will now compete with other licenced energy companies and large generators for a share BM revenues. “This is an important milestone in opening up the UK energy market,” said CEO Erik Nygard. “We have shown how Read more…
Simec hires Drax expert to convert Uskmouth coal plant to energy from waste
Simec Atlantis Energy has hired former Drax conversion manager Ernie Rowe to spearhead conversion of the Uskmouth coal power station to a 220MW energy from waste (EfW) plant. The company thinks conversion to EfW could deliver a second life for coal-fired power stations. In the UK, unabated coal has to come off the system by Read more…
National Grid outlines roadmap to bring all flex providers into Balancing Mechanism
National Grid has published a roadmap to enable all those with flexibility to sell it into the Balancing Mechanism, a key tool in balancing supply and demand close to real time. Participants in the Balancing Mechanism (BM) offer flexibility by altering generation and/or consumption of their assets, or those that they manage on behalf of Read more…
Northern Powergrid starts vehicle-to-grid trial, plans to electrify fleet
Northern Powergrid will start installing vehicle-to-grid (V2G) chargers at its premises this month as part of a V2G fleet trial. The company plans to start electrifying its vehicle fleet, including car-based vans, though heavy vehicles will remain combustion-based for the foreseeable future. Vehicles will be supplied by Nissan, which manufactures in Sunderland, within the DNO’s Read more…
Inspired Energy buys fellow TPI Squareone
Inspired Energy has acquired fellow TPI Squareone in a £1.375m deal. Squareone, based in Boldon, Tyne and Wear, provides energy and water services to clients in the I&C and education sectors. The business makes a healthy margin: revenues in the year to 31 March 2018 were £0.5m. From that, earnings before interest, taxes, deductions and Read more…
What is a ‘prosumer’ and why would you want to be one?
As the world of energy changes at an ever-faster rate, how can businesses find the partners they need to cut costs and carbon emissions by producing as well as consuming electricity? Back in Thomas Edison’s day, the way electricity worked was simple. On one side there were producers. They owned and ran big power stations Read more…
Government seeks views on bringing renewables into 2019/20 capacity auction
Government wants views on how to bring unsubsidised renewables and hybrid projects into the Capacity Market (CM). If workable solutions can be found, it aims to lay enabling legislation ahead of the auctions in winter 2019/20. The department for business, energy and industrial strategy (Beis) said it thinks the CM is working broadly as intended, Read more…
SSE installs millionth smart meter as government bats away rollout criticism
SSE has installed 1 million smart meters, which means it has rolled out some 275,000 since the start of the year. The firm reported it had installed 725,000 as of 31 December 2017. SSE said it continues to increase the rate of installation, but to hit the 2020 deadline it must install a further six Read more…
Greene King cuts carbon intensity 27%, saves 676k pints a day
Greene King cuts its carbon intensity by 26.7% year on year, according to its annual report. Tonnes CO2e per £100k turnover fell from 12.546 in 2016/17 to 9.197 in 2017/18. Total gross emissions fell 21% year on year, from 253,141 to 200,208 tonnes of CO2e. Water The company, which has a water licence, says it has Read more…
You’re invited! Launch of super low loss smart transformers with remote monitoring
Following the evolving energy landscape, including the governments increasing pressure on businesses to utilise energy more efficiently, in addition to Industry 4.0 driving demand for connected assets with real-time insights, it’s time that critical infrastructure was brought into the 21st century. Due to the lifespan and critical nature of equipment such as high voltage distribution Read more…
Interserve profits drop, debt increases
Interserve shares fell on the back of half year results. The company posted a £6m pre-tax loss versus profit of £24.9m the prior year. Total revenue fell almost 10% to £1488.3. Reported operating profit fell 29% to £40.1m. Net debt climbed 22% to £614.3m. In 2016, net debt stood at £390m. Shares dropped by 12% Read more…
Next Energy Solar Fund scoops up rooftop PV portfolios
Next Energy Solar Fund has bought two portfolios of rooftop solar PV. Totalling 1.15MW across 282 roofs, the fund paid £3.6m. That represents a significant premium on NESF’s recent deals for ground-mount solar. Last month the firm acquired 10 solar farms with a total capacity of 66.8MW for £42.2m. The because the assets are mostly Read more…
Centrica buys stake in Israeli smart EV charging firm, eyes vehicle-to-grid services
Centrica has invested in Israeli smart charging firm Driivz to position itself for increased take-up of electric vehicles and the revenue opportunities they present for energy companies. The UK’s largest energy company will integrate the Driivz software platform to deliver smart charging, initially for businesses, via its Centrica Electric Vehicle Services unit. For now, smart Read more…
£1.45bn John Laing Infrastructure Fund buyout set to go ahead
Dalmore Capital and Equitix Investment Management are set to acquire the John Laing Infrastructure Fund (JLIF) for £1.45bn following an offer made last month. Dalmore and Equitix currently manage about £6.5bn of UK assets, mostly for pension funds. JLIF has investments in numerous energy and infrastructure projects. It said the deal represents a 23.6% premium Read more…
Eon to axe 500 jobs
Eon plans to cut 500 jobs, around 5% of its UK workforce. The company said the redundancies would be made in non-customer facing roles. CEO Michael Lewis said the cuts were due to an increasingly competitive environment. He singled out the forthcoming price cap on tariffs as a contributory factor. Eon is trying to cut Read more…
Npower pays £2.4m penalty for advanced meter failures
Npower faces a £2.4m penalty for failing to meet the deadline to install advanced meters at business customer sites, and for installing standard meters at some sites when it should have installed advanced ones. Ofgem said the fine should serve as a warning to suppliers as the 2020 smart meter deadline approaches. The fine is Read more…
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