Government eyes role of CHP in net zero world

Government is consulting on the role of combined heat and power (CHP) plants in a net zero economy. CHP plants burn fuel – mostly gas,...

Invinity sells 1.7MWh new flow storage despite Covid

Invinity Energy Systems, the vanadium flow storage company created by the merger of Avalon and RedT, says it has signed orders for 1.7MWh of...

Zenobe picks EDF to trade 59MW of battery storage

Battery storage developer Zenobe has picked EDF to trade flexibility from 59MW of grid-scale assets. The utility will optimise three of Zenobe's operational batteries at...

BP: leaves oil in ground, prepares for £80/t carbon price by 2030

BP today became the first global oil giant to accept hydrocarbon reserves must remain unexploited, if the firm is to survive. It's also preparing...

National Grid extends EDF contract to turn down Sizewell B

National Grid has extended the contract it struck with EDF to reduce output from the Sizewell B nuclear station in a bid to keep...

Covid-19 and energy contracts: Making volume tolerance clauses interesting

Catalyst Commercial Services CEO, Chris Hurcombe, discusses Covid-19's impact on business energy contracts - and how volume tolerance clauses could prove costly, if enforced. The...

Energy storage: Why UK industry isn’t going with the flow

Flow storage struggles to compete against lithium even in long duration applications, suggests Marek Kubik, market director at Fluence Energy. The UK hit a new...

Centrica axes 5,000 jobs

Centrica is to cull a further 5,000 jobs this year, including around 20 top-level directors. New CEO Chris O'Shea is attempting to curb heavy losses...

UK goes coal free as gas, renewables and biomass take up slack

The UK has gone two full months without calling on coal-fired power stations for electricity generation. Coal use has declined dramatically in recent years, with...

Push harder on flexibility and half hourly settlement, firms tell Ofgem

A group of energy and technology companies have urged Ofgem to show “leadership” and expedite market-wide half hourly settlement to unlock flexibility from small...

Heat pump firms urge government to rethink support or “waste billions”

Billions of pounds committed by clients to big heat pump schemes will be wasted unless Whitehall reverses its decision to stop supporting large-scale deployments,...

ITM Power bullish on hydrogen prospects post Covid-19

Hydrogen firm ITM Power today brushed off a full year unaudited loss of £17.6m, bullishly reporting a record pipeline of £21.8m in committed contracts,...

Government gives suppliers relief on CfD payments

Government has confirmed it will give suppliers temporary relief on increases in contracts for difference (CfDs) charges. In a consultation last month, Beis proposed delaying...

Total and SSE strike deal to build Scotland’s biggest offshore wind farm

Scotland’s biggest offshore wind farm is to go ahead, backed by French oil leviathan Total. SSE Renewables yesterday reached financial close on the 1GW Seagreen...

Anesco goes Dutch with Shell solar deal

Anesco is to build two solar farms for Shell in the Netherlands, the firm's first contracts outside the UK. It will develop a 12MW scheme...
Bristol Mayor Marvin Rees backs the city's low carbon transition

Bristol City Council to try and sell Bristol Energy

Bristol City Council will attempt to sell Bristol Energy. The company was set up in 2015 and has struggled financially. The council last month appointed...

Ofgem brokers £350m loan to help keep energy suppliers afloat

Ofgem has effectively facilitated a £350m loan in a bid to help energy suppliers stay afloat as Covid-19 hits severely impacts revenue. Keen to flatten...

WPD offers free bi-directional chargers to drive vehicle-to-grid trial

Western Power Distribution is attempting to drum up participants in a vehicle-to-grid trial by offering free bi-directional charging systems worth over £5,000 to participants. The...

Government sets out stall for UK carbon market

Government has set out plans to implement a UK carbon trading scheme by January next year. The UK Emissions Trading Scheme (UK ETS) will replicate...

Simec Atlantis CEO: Share price “set for the mother of all corrections”

Simec Atlantis CEO Tim Cornelius thinks the firm’s share price, just seven per cent of its 2014 IPO, is “set for the mother of...