Low winds and falling temperatures have caused power prices to spike this evening (26 November), as National Grid ESO warns of tight margins.
Companies from business, finance, academic and civil society have called on the UK government to commit to stronger and more consistent carbon pricing.
Electric vehicle charging firm Elmtronics has secured £1.5 million in funding to help drive its expansion.
The Smarter Living Challenge has been launching by BT and Hubbub to explore how technology can reduce household carbon emissions.
EDF has invested in cleantech startup PowerUp in a bid to support its 10GW of storage by 2035 ambitions.
Measures to improve the UK's green infrastructure - including the creation of a UK infrastructure bank, a ramping up of electric vehicle policy and funding for hydrogen and carbon capture and storage - have been detailed by the government.
Negative pricing extended in CfD rules as clarity on energy storage, renewables integration yet to come
The government has confirmed that it will extend the negative pricing rule for projects bidding in next year’s Contracts for Difference (CfD) auction, but will further consult with the industry on potential amendments for energy storage and system flexibility.
Little was announced as part of this afternoon’s Spending Review that directly related to the energy sector, despite Chancellor Rishi Sunak stating that the government was "setting the direction" for green energy.
As governments turn their eyes to a green recovery, 80% of institutional investors are planning to increase their investment into renewable energy.