Drax has confirmed press reports that it is in talks to buy UK pumped storage, renewable hydro and gas-fired generation assets from Scottish Power parent company, Iberdrola. “The discussions are preliminary in nature and there can be no certainty of any agreement or the timing or terms of any such agreement,” it stated. “Any potential acquisition Read more…
Can the Balancing Mechanism offset FFR price erosion?
Firm Frequency Response (FFR), traditionally one of the highest sources of value for fast responding assets, has seen price declines in recent years. Interviewed for The Energyst’s 2017 DSR report, Eamonn Boland, senior manager at Baringa Partners, suggested FFR price erosion would mirror that of Short Term Operating Reserve, which has settled at around a Read more…
Gore Street energy fund buys 19MW of battery storage
Listed energy storage fund Gore Street has acquired 19MW of battery storage projects from Origami Energy. The fund will now develop the 9MW behind the meter project at Port of Tilbury, London, and a 10MW in front of the meter project in Brentwood, Essex. It said construction will commence in the coming weeks and the Read more…
SSE picks Origami’s tech platform for flex services
SSE will use Origami Energy’s platform to deliver flexibility services to industrial and commercial customers. The deal was announced this morning following a competitive tender. SSE will use the technology to underpin its virtual power plant (VPP), whereby lots of distributed resources – including flexible load and generation at customer sites – are aggregated together Read more…
€100k seeks battery storage start-ups
Start-ups developing battery storage are invited to pitch for a €100,000 cash prize and support to commercialise their technology by European innovation hub InnoEnergy. The organisation works with the European Battery Alliance and aims to attract and support start-ups with innovative battery storage technology or business model concepts. It helps those businesses reach commercial viability through Read more…
Yü Group posts big growth, eyes larger corporates and cross selling
Business energy supplier Yü Group posted 57% year-on-year profit increase for the six months to 30 June. Revenue increased 73%. Adjusted profit before tax stood at £1.8m, up from £1.15m. Revenue was £35.8m up from £20.8m. The firm’s gross margin dipped slightly to 16.2%. Chief executive Bobby Kalar said that was due Yü selling more Read more…
See the future of energy at the ENA’s Low Carbon Network Innovation conference
The UK’s gas and electricity networks invite all energy stakeholders, innovators and pioneers to join them on 16-17 October for the eighth annual Low Carbon Network Innovation (LCNI) Conference in Telford. As innovation in energy is moving so quickly, this is the best place for stakeholders from the world of energy and beyond to come Read more…
Energy price rises will bite this winter, warns Npower
Businesses will start to feel the full effect of energy price rises this winter, Npower has warned. “Today we are seeing winter baseload power prices above £72/MWh and peak prices around £80/MWh. Whereas we have customers that locked in last winter at £35/MWh,” said Ben Spry, head of risk management services – Energy HQ at Read more…
United Utilities restructures energy function to optimise flex, resilience, cost and carbon
United Utilities has reorganised its energy function to deliver an integrated approach to procurement, management, flexibility and resilience. Neil Gillespie, director of energy & market services, says the strategic shift enables the company to cut costs and carbon, adapt more quickly to a changing regulatory environment, and support the transition to a smarter, cleaner energy Read more…
RedT eyes £33m deal to fund 60MWh of flow storage
Energy storage firm RedT says it has secured conditional commitment from an infrastructure fund to invest around €37m (£33m) to finance some 60MWh of its flow storage units. The company aims to close the deal by the year end. If it goes ahead, it would enable the company to build around 800 of its flow Read more…
BP’s Richard Hookway to lead Centrica Business
Richard Hookway will become chief executive of Centrica Business from December, taking over from Mark Hanafin, who announced his retirement in July. Hookway joins from BP, where he was group chief operating officer for global business services and IT. Prior to that he was CFO of BP’s downstream division, with responsibility for all business to Read more…
Make contracts easy with CEMAR: Take back time for the things you love…
In this sponsored post, CEMAR outlines how it can make managing contracts less burdensome, and why firms like EDF Energy, Sellafield, Magnox, ITER and Dounreay are using it. In 2004, CEMAR’s founder Ben Walker was part of a team constructing a major bypass around Gloucester. Many weekends and evenings were sacrificed on-site catching up on Read more…
A new kind of CHP: Brunel University creates hybrid solar PV-heat pipe system
Brunel University is developing ‘Lego-style’ snap together solar panels that harness heat pipes to generate both heat and power. The £10m project, funded under the EU’s Horizon 2020 programme, hopes to drive down cost and carbon while helping to heat and power domestic and non-domestic buildings. The modular PV panels – called PVadapt – incorporate Read more…
Scottish Power Energy Networks joins Piclo DNO flexibility platform
Scottish Power Energy Networks has signed up to the Picloflex platform, which aims to be the UK marketplace for distribution network operator (DNO) flexibility. The DNO follows Northern Powergrid (announced yesterday), UK Power Networks, Scottish & Southern Energy Networks and Electricity North West onto the platform. Western Power Distribution is currently taking its own approach Read more…
Download the 2018 DSR Report: Aligning risk and reward
The Energyst’s 2018 DSR report is now available to download at www.theenergyst.com/dsr. It contains a survey of public and private sector organisations that provide demand-side response, as well as those that do not – but could do so if appropriately de-risked. It also includes in depth interviews with businesses about their DSR and battery storage Read more…
Flexitricity lands £500k funding to bring smaller firms into DSR, seeks trial sites
Flexitricity has landed almost £500k of government funding in order to try and bring smaller companies – and smaller sites of larger companies – into demand-side response (DSR). Most aggregators have traditionally focused on larger companies with megawatt scale load and generation assets due to cost of sales and market entry. National Grid’s systems and Read more…
Northern Powergrid steps up DSR plans, joins Piclo platform
Northern Powergrid is stepping up plans to use flexibility, or demand-side response (DSR) over traditional network reinforcement and has become the latest distribution network operator to join the Piclo flexibility platform. Northern Powergrid signalled intent to procure flexibility earlier this year. Those plans are now taking shape. The DNO has hired Andrew McKenna as flexibility services Read more…
SSE outlines big drop in profits
SSE expects profit for the six months to 30 September to be half that of the prior year. In a trading update, the firm blamed high gas prices and weather effects on renewables output. In July, SSE said it anticipated taking an £80m hit. That now looks more like £190m. It expects to post an Read more…
Foodservice firm takes 3.75MW of battery storage from Anesco
Devon-based wholesaler, Philip Dennis Foodservice, is using three battery storage units from Anesco to maximise on-site generation, cut carbon and grid charges, and earn balancing services revenue. The battery storage units have a combined capacity of 3.75MW (3.75MWh) for which Anesco will provide operations and maintenance. The firm also has a 256kW Tesla battery on Read more…
Your DSR Questions: Answered
The Energyst’s DSR Event is an opportunity to acknowledge the growing interest in demand-side response (DSR) as part of a holistic energy management strategy. But there are still questions around DSR solutions and their benefits. Ben Spry, Head of Risk Management Service at Energy HQ, npower Business Solutions, will be at the event tomorrow (13 Read more…
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