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The report cautioned that the increased risk to investors in new generation energy capacity paired with the cost of capital involved in implementing an LMP system could negate any potential benefits. Image: Getty.
October 7, 2022

Peak electrical loads on local energy networks to increase by 80% due to heat pumps and EVs

Findings from project DINO has indicated that local energy networks could see peak electrical loads increase by 80% by 2040 due to heat pumps, EVs and domestic batteries.
ECIU estimates that each onshore wind farm can produce 9MW for each square kilometre of space. Image: Pxfuel.
October 7, 2022

Cornwall Insight depicts wind turbines as crucial to steadying energy prices by 2030

With the energy crisis forecasted to hit its peak in the upcoming winter and into 2023, power price forecasts released by Cornwall Insight revealed that the low marginal cost of wind turbines means when they are generating, prices will fall before 2030.
Octopus Energy, Good Energy and E.On pay £8 million due to missed payments to customers. Image: Getty.
October 7, 2022

SMS launches end-to-end EV solution to help manage chargepoint networks

Smart Metering Systems (SMS) has launched a new end-to-end EV chargepoint infrastructure solution to enable businesses to establish, manage and grow charging networks.
In total the Demand Flexibility Service tests have procured over 1.5GWh of capacity. Image: Getty.
October 6, 2022

National Grid ESO ‘cautiously confident’ there will be adequate margins for winter

While there is a risk of blackouts due to electricity shortages over the coming winter, National Grid ESO is ”cautiously confident”.
Image: Gareth Davies.
October 6, 2022

EV World Congress: Day Two

Current± will be covering the biggest stories from the second day of the EV World Congress over its two days, bringing you all the insight, news and views from the conference.
Instavolt accepting the ​Private Sector Infrastructure Strategy of the Year at the EVIEs 2022. Image: Capture Comms.
October 5, 2022

Instavolt scoops award for third year in a row at EVIEs 2022

​Instavolt made it a hattrick last night by winning the Private Sector Infrastructure Strategy of the Year award for the third year in a row, at the Electric Vehicle Innovation and Excellence Awards (EVIEs) 2022.
The Norwegian-based business has called the UK a “huge growth market” following the installation of over half a million EV chargers. Image: Getty.
October 5, 2022

One millionth plug-in car registered, strong September for EV sales

September showed to be a strong month for electric vehicles (EVs) with the one millionth plug-in car registered in the UK.
Graph shows extreme variance in potential costs of the EPG.
October 5, 2022

Energy Price Guarantee could cost up to £140 billion, expose government to commodity price risk

The Energy Price Guarantee announced by Prime Minister Liz Truss as part of a package to help mitigate the UK’s ongoing energy crisis could cost as much as £140 billion.
Image: Gareth Davies.
October 5, 2022

EV World Congress: Day One

Current± will be covering the biggest stories from the EV World Congress over its two days, bringing you all the insight, news and views from the conference.
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.
October 5, 2022

Foresight Group investing in integrated pumped hydro and wind project at disused coal mine site

Asset manager Foresight Group has invested in a co-located 1.6GWh pumped hydro energy storage and wind project in Scotland.

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