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January 10, 2024

Cornwall Insight forecasts lower GB power prices on the ‘long road to truly affordable energy’

Cornwall Insight has cut its 2024 power market price forecast for Britain by 12% to an average of £113/MWh.
Cruachan Dam, Scotland, an existing 440MW pumped hydro energy storage (PHES) facility, one of only four in the UK. PHES is the most commercially mature LDES technology, with a duration typically between 4 and 20 hours. Image: Drax Power.
January 10, 2024

Government launches consultation on support mechanism for long-duration energy storage

The UK government has launched its consultation on its proposals for kickstarting investment into long-duration energy storage.
ZeroAvia utilises a prototype ZA600 hydrogen-electric powertrains. Image: ZeroAvia.
January 10, 2024

ScottishPower, ZeroAvia to explore green hydrogen at airports

ScottishPower has partners with ZeroAvia to explore the development of green hydrogen supply solutions at “key airports” and EET given greenlight to develop the UK's "largest" low-carbon hydrogen hub.
GridBeyond and Monta partner to stabilise GB grid via EV chargers. Image: GridBeyond.
January 9, 2024

GridBeyond, Monta partner to stabilise UK grid via EV chargers

Energy optimiser GridBeyond and electric vehicle (EV) charging platform Monta have collaborated on technology which uses EV chargers to maintain grid stability.
VirtuHOT render
January 9, 2024

Naked Energy to decarbonise heat for entire hotel with solar installation  

A new partnership will see Naked Energy install solar technology on the rooftop of Mandarin Oriental Hyde Park, London to heat the entire hotel.
Orange ofgem text over a blue gas stove
January 9, 2024

Ofgem resumes forced prepayment meter installations

Energy regulator Ofgem has granted EDF, Octopus and Scottish Power permission to resume involuntary prepayment metre (PPM) installations.
Modo’s research indicates that assets over 1.5 hours in duration earned around £3.3k/MW on average. Image: Statera.
January 9, 2024

Battery storage revenue falls to lowest since 2020 in December

Average battery energy storage revenue for the balancing mechanism fell by 16% in December 2023 according to Modo Energy, to £2.5k/MW.
Battery storage farm from Zenobe
January 9, 2024

Ofgem: Capacity market rules ‘remain appropriate’ ten years on

The energy regulator Ofgem has opened a review into capacity market rules stating that they still “remain appropriate” ten years on.
The first of BT Group's street cabinet EV chargepoints will go live in the coming weeks.
January 8, 2024

BT Group to begin converting street cabinets into EV chargers

BT Group has launched its electric vehicle (EV) charging infrastructure scheme aiming to convert 60,000 street cabinets into EV chargers.
739652_NGESO_2023_Overview_ElectricityReport-762x4292
January 8, 2024

Britain’s 2023 electricity mix in review

With December crowned Britain’s greenest energy month of the year, Current± reviewed the nation’s electricity mix in 2023.

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