Yesterday National Grid published its annual Future Energy Scenarios document, one of the most hotly anticipated events in the energy sector diary. Current± has compiled some of the headline figures.
2018 has already proved to be a significant year for OVO Energy, with the independent supplier taking on a range of new initiatives, products and business models. Director of strategy Toby Ferenczi explains to Current± how OVO is setting itself apart within the energy sector.
Halfway through 2018 and large-scale battery storage in the UK has reached over 450MW installed capacity, with around 250MW being completed this year alone. Solar Media Market Research analyst Lauren Cook looks back at how we got here, and what we can learn from the rapidly growing large-scale pipeline.
A Climate Action Fund is to be launched by the Irish government seeking to fund large-scale projects currently outside of the country’s wider support mechanisms, delivering €500 million (~£441 million) by 2027.
The National Infrastructure Commission (NIC) has stressed that the UK could meet half its power demand from renewables by 2030, and urged the government to ditch new nuclear plans as a result.
The Mayor of London’s Energy Efficiency Fund (MEEF) has secured £500 million of funding as the capital’s bid to become a zero carbon city by 2050 shifts into gear.
National Grid has confirmed it will aim to procure 46.3GW of reserve capacity in the forthcoming T-4 2022/23 auction and 4.6GW in the T-1 2019/20 auction following approval from energy minister Claire Perry.
EDF Renewables has sold a minority stake in a portfolio of 24 of its UK wind farms for £701 million to pursue more renewable development.
Renewables’ share of electricity generation in the UK inched closer to one-third in the first three months of the year, topping 30%.