National Grid’s profit surges to £4.4bn as WPD acquisition boosts company
National Grid’s statutory operating profit was up 82% for the 2021/22 financial year to £4.4 billion, boosted by the acquisition of Western Power Distribution (WPD).
Editorial
Molly Lempriere Deputy Editor, Current±
Molly Lempriere is deputy editor at Solar Media, responsible for its UK-facing publications Solar Power Portal and Current±.
Recent articles by Molly Lempriere
Arenko begins optimisation of Vattenfall’s co-located 22MW battery storage asset
Software provider Arenko is now optimising Vattenfall’s 22MW/16MWh battery, co-located at the 228MW Pen y Cymoedd Wind Farm in South Wales.
SSEN launches CLEVER trial to stimulate conversation between DNOs and EV owners
Scottish and Southern Electricity Networks (SSEN) Distribution has launched a new trial to help ease the rollout of low carbon technologies (LCTs) on its network.
Jumptech signs deal with VEBE expanding into the Netherlands
Jumptech is expanding into the Netherlands through a new partnership with electric vehicle (EV) chargepoint installer VEBE.
National Grid ESO eyes potential reactive power tender as it issues RFI
National Grid ESO has put out a request for information (RFI) for new sources of reactive capability across England and Wales.
Octopus’ Kraken Technologies expands into other utilities
Octopus Energy’s cloud-native platform Kraken Technologies is expanding to target other utilities, such as water and broadband.
Locational pricing could save £30bn by 2035, finds Energy Systems Catapult
Locational pricing could save £30 billion by 2035, according to a new study from the Energy Systems Catapult (ESC), commissioned by Octopus Energy.
National Grid launches trial to use drones and AI to automate asset inspection
National Grid Electricity Transmission (NGET) has launched a new trial using drones and artificial intelligence (AI) to fully automate asset inspection.
ev.energy expands into public charging through partnership with Allstar Business Solutions
Smart-home charging app ev.energy is expanding into public charging through a new partnership with Allstar Business Solutions.
Ofgem alters parameters of the Market Stabilisation Charge
Ofgem is altering the parameters of the Market Stabilisation Charge (MSC), which it brought in in February in response to supplier volatility.
Drax makes pumped hydro expansion contingent on long duration energy storage framework
Drax has submitted an application for planning consent to expand its pumped hydro Cruachan Power Station in Scotland to 1GW, but stressed the need for proper frameworks to support long duration energy storage in the UK.
Ofgem to consult on setting the price cap quarterly
Ofgem has launched a consultation into whether the default tariff price cap should be set every three months, instead of every six.