Going down smaller hills; pair pump market for long-duration storage

Known as High-Density Hydro®, the innovation could offer 100MW in commercial operation this decade, the pair believe, through use of Mercia PR’s existing grid...

SSE fined £9.78 m for overcharging Grid during transmission constraint

Ofgem has imposed a £9.78 m fine on electricity generator SSE for overcharging National Grid ESO during periods of transmission constraint two years ago. The...

Harmony and Downing trumpet clean power buys

Two London-quoted investment funds were today separately celebrating new power assets joining their portfolios. Harmony Energy Income Trust, which invests in UK battery energy storage,...

Ofgem fines Drax £6 million for three years of Balancing Mechanism excess claims

Renewables generator Drax has admitted breaches of its licence in relation to unjustified Balancing Mechanism claims made during repeated periods of grid constraint. Implying today...

Gas losing its puff? Business on-site renewables “can displace imports by 2035”, nPower believes

British firms' on-site, on-roof or on-campus generation of clean power could supplant imported gas as early as 2035, corporate supplier nPower Business Solutions calculates. Solar...

Triple Point Energy Efficiency Infrastructure: £108m of near-term storage secured

Green investor Triple Point Energy Efficiency Infrastructure is eying portfolio expansion of over £560 million. In a trading statement to investors today John Roberts, chairman...

Six Highlands hydro dams sold for £26.6 million

A total of 4.1 MW of hydro capacity across six Highland dams at least five years into their working lives changed ownership today, guaranteeing...