Page 366 – Current News

Chancellor Sunak presented the Spring Statement to the House of Commons. Image: Twitter/Rishi Sunak..

March 23, 2022

Sunak cuts VAT on energy efficiency in Spring Statement

VAT on energy efficiency measures are to be cut to 0%, Chancellor Rishi Sunak has announced as part of his Spring Statement.

Both storage sites will have a capacity of 50MW. Image: Eelpower.

March 23, 2022

Battery storage funding model 'still evolving' as trading strategies switch to hybrid approach

Battery storage participation in the Balancing Mechanism has “increased massively” while a hybrid approach to trading that sees assets dipping in and out of Dynamic Containment is becoming more common.

National Grid ESO's control centre. Image: National Grid ESO.

March 23, 2022

National Grid ESO outlines plans to support UK energy security in light of Russian invasion of Ukraine

“This is the time for action,” National Grid ESO's executive director Fintan Slye has said, unveiling new measures to support the UK's energy system through the energy crisis.

Centrica Energy Assets is targeting 900MW of solar and battery storage assets by 2026. Image: Centrica.

March 23, 2022

Centrica acquires 30MW battery site to help manage offshore wind curtailment

Centrica Business Solutions has acquired a 30MW fully consented battery energy storage project, which will help manage North Sea offshore wind farms.

The project is to use live data to improve maintenance and repair of EV chargers. Image: Connected Kerb

March 22, 2022

'Radical change' in EV charging rollout needed to meet 2030 ICE ban

A step change in ambition of the UK’s electric vehicle (EV) charging rollout is required to deliver the 2030 ban on new internal combustion engine (ICE) cars, industry experts have warned.

March 22, 2022

How real-time data can lower UK energy bills

The new figure stands at 6.8%. Image: Pexels NC.

March 22, 2022

CfDs set to pay back £10.5bn a year to consumers by 2027

Contracts for Difference (CfD) supported renewables could pay back £10.49 billion a year to customers by 2027.

March 22, 2022

Current± Asks the Experts: GridBeyond talks battery optimisation

US-UK partnership to bolster EV and offshore wind supply chains. Image: Pxhere.

March 21, 2022

Trade associations call on government to tackle energy crisis

The Association for Renewable Energy and Clean Technology (REA) and the Electrical Contractors' Association have urged the government to take greater action to tackle the energy crisis.