Connected Energy, the company that uses second-life electric vehicle batteries to provide energy storage solutions, has received further investment from Engie, Macquarie and Japanese trading giant, Sumitomo Corporation. The cash injection is Connected’s second in two years. Engie and Macquarie invested £3m last year in the Newcastle-on-Tyne-based firm, which takes second hand battery packs from Read more…
SEEIT strikes solar PV deal with Tesco
SDCL Energy Efficiency Income Trust (SEEIT) has struck a deal with Tesco to deploy solar PV projects across some of the retailer’s properties. The two have agreed a power purchase agreement for each individual site, with the PV to be installed in 1MW batches. SEEIT said the first phase is for around 5MW, with additional Read more…
Webinar: practical ways to turn energy compliance into big savings
Research by energy consultants Inenco has revealed that energy reporting has the power to unlock crucial cost and carbon savings for UK businesses. With the deadline for ESOS Phase 2 looming, many businesses still view compliance as another burden to bear during already challenging times. But with practical advice and the right tools, businesses can Read more…
Webinar: Five ways to boost energy and operational strategies
The GridBeyond Academy has announced its next CPD certified webinar “5 Ways to Boost Energy & Operational Strategies”, which takes place at 11am on Thursday 27th June. A how-to guide to the ways energy services and operational performance converge, and the most effective ways to integrate these strategies. Hosted by energy and engineering experts Wayne Read more…
University of Reading hits 40% decarbonisation target
The University of Reading says it has reduced its carbon footprint 40% in around ten years – and should hit 45% by 2021. Dan Fernbank, the university’s energy and sustainability manager, said students, staff and the community expect environmental leadership. “With a large and evolving estate, there is always more work to be done and we Read more…
Statkraft strikes gigawatt VPP deal with Statera
Statkraft has stuck an agreement with Statera Energy to bring a gigawatt of gas and battery storage into its virtual power plant (VPP). It is expected that Statera will amass that portfolio over the next three to four years. The firm already operates some large storage facilities, such as the 49.9MW Pelham battery near Bishop’s Read more…
Whey to go: Cheesemaker turns waste to energy
Iona Capital has struck a deal with Wensleydale Creamery in the Yorkshire Dales to use whey by-product as feedstock for its Leeming biogas plant. It will produce 10,000 MWh of thermal power, enough to heat 800 homes per year. The fund manager has already established nine anaerobic digestion facilities across Yorkshire, investing £100 million. Mike Dunn, Read more…
Engie acquires electric vehicle charging firm Charge Point Services
French-owned utility Engie has acquired electric vehicle charging provider Charge Point Services (CPS), which owns the Genie Point nationwide EV charging network. The charging company’s business customers include Ford, Microsoft, Waitrose, Morrisons and Siemens and it works with around 30 local authorities on rolling out charging infrastructure. Engie said the deal buys it 20,000 Genie Read more…
Shell to pay £390k for price cap breaches
Shell Energy will pay a £390,000 penalty for overcharging domestic energy customers. Regulator Ofgem said the company, then trading as First Utility, which the fossil major acquired last year and rebranded to Shell Energy this year, had overcharged about 8,800 customers. Customers were either on accounts that did not comply with the domestic price cap, Read more…
SSE to close Fiddler’s Ferry coal-fired power station
SSE is set to shut down Fiddler’s Ferry by 31 March, taking 1.5GW off the system. The company has been mulling the decision for several years as Fiddler’s Ferry became increasingly reliant on ancillary services to make revenue. It said the power station’s ‘limited success’ in the capacity market and ongoing heavy losses made up Read more…
Optimising revenue from battery storage
In this video case study, Flexitricity’s Head of Business Development, Andy Lowe, and Anesco’s Asset Management Director, Mike Ryan, discuss successful asset optimisation strategies, challenges in the industry and give advice to anyone interested in investing in battery storage. Flexitricity optimises Anesco’s 19.5MW battery at Larport Farm from its 24/7 control room in Edinburgh. The Read more…
Capacity market auction clears at 77p
The T-1 capacity auction for delivery next winter has cleared at 77p/kW. Some 129 units have been awarded an agreement, totalling 3.6GW of capacity. By volume, reciprocating engines (gas recips) took the largest number of agreements (19 to existing engines, 26 to new build); CHP took the next largest number of agreements (29 existing plants Read more…
Industry reacts to net zero
The government is set to accept and legislate the Committee on Climate Change’s recommendation for a 2050 net zero emissions target. Theresa May said she was “proud to make doing so one of my last acts as prime minister”. The government now needs to work out how decarbonising the economy within the next 30 years Read more…
Energi Mine plans ‘global peer-to-peer energy exchange’
Energi Mine is working on plans to launch “a global energy exchange that enables peer-to-peer trading” underpinned by blockchain. Chief executive Omar Rahim, a former energy trader with Engie, SSE and Vattenfall, says Energi Mine is building “an AI-driven marketplace where trades can occur between two parties”. He says the aim is to match business-to-business Read more…
Brown power can receive smart export guarantees
Government has lowered the threshold at which suppliers have to offer customers with small-scale generation export payments. Meanwhile, it says brown power can receive those payments where co-located. Suppliers with 150,000 customers will need to offer some form of payment for power exported by 1 Jan 2020. The rate is not set – just more Read more…
Banks ‘won’t lend on a merchant wind farm’
Banks are unlikely to put debt finance into merchant wind farms, according to a major renewables infrastructure fund. “Our approach is completely unlevered,” Laurence Fumagalli, partner at Greencoat Capital, told Aurora’s Summer Renewables Conference. “You won’t find a bank lending you any significant amount on a merchant wind farm.” Even where a project secures a Read more…
Shell: Subsidise batteries for faster flex
The UK government should consider targeted support for small-scale battery storage if it wants households to participate in a smarter, lower carbon energy system, according to Brian Davis, vice president, Energy Solutions at Shell International. Shell New Energies acquired German battery storage firm Sonnen in February. The company has deployed hundreds of megawatts of storage Read more…
Climate change chief: Support net zero or lose young voters
Failure to back recommendations to decarbonise the UK economy will cost political parties at the next election, the chief executive of the Committee on Climate Change has warned. Discussing the CCC’s recent Towards Net Zero report, which calls for deep decarbonisation by 2050, Chris Stark said the target “means nothing unless there are a set Read more…
Gore Street Energy Storage Fund set for 160MW storage deal
Gore Street Energy Storage Fund is to take a controlling stake in a portfolio of 160MW of storage in Northern Ireland and the Republic. The fund has committed £31m to the deal and plans to raise up to £50m via a share issue. It is also set for a £30m investment from the National Treasury Read more…
A big carrot: Octopus seeds new business energy verticals
Octopus Energy for Business plans to quadruple its customer base in the next couple of years. Director Zoisa Walton thinks creating products for business verticals will help power growth. The company has just launched a new tariff for vertical farmers – companies developing novel agricultural methods, and who tend to grow indoors (Bristol-based Lettus Grow Read more…
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