UKPN to kick-start flexibility market with £12 million funding
UK Power Networks (UKPN) has announced £12 million of funding for flexibility services across its service area.
News
EC Capacity Market probe launches as industry seeks changes to ‘light the fire’ under nascent technologies
The European Commission has today opened an in-depth investigation into the Capacity Market’s compliance with EU State aid rules, sparking what could remain a lengthy process towards the scheme’s reinstatement.
Centrica shares plummet to 20-year low as retail pressures loom
Centrica has warned that it will face “some pressure” next year as Ofgem’s price cap bites, sending shares plummeting in early morning trading.
ScottishPower heralds ‘pivotal year’ in ‘landmark journey’ after renewables surge
ScottishPower has lauded a “pivotal year” after its renewables business surged and its liberalised power supply business bucked the market trend to report a near trebling in earnings.
CCC issues ‘unequivocal’ warning over UK carbon budget flexibilities
The Committee on Climate Change (CCC) has once again warned the government over carrying over surplus emissions reductions to meet future budgets.
UKPN targets UK’s ‘first smart charging market’ for electric vehicles
Distribution network operator UK Power Networks (UKPN) is to launch trials to assess the requirements of a smart charging market for electric vehicles.
Battery storage firm Zenobe lands £25 million investment from Japanese power majors
UK battery storage firm Zenobe Energy has secured a £25 million investment from Japanese power giants Jera and Tokyo Electric Power Company (Tepco).
Zouk’s ‘fundamental interest’ to remain in EV networks, charging tech investment
Zouk Capital, the government’s preferred bidder to manage the £400 million Charging Infrastructure Investment Fund, is to prioritise networks over associated technologies, the firm has told Current±.
Centrica sets sights on domestic energy flexibility with new investments
Centrica has made investments in two cutting edge energy tech firms as it targets a more concentrated domestic energy flexibility business.