The energy crisis in the UK is contributing to record clearing prices in the Capacity Market (CM), with the mechanism’s design in turn exacerbating tight capacity margins, EnAppSys director Paul Verrill has said.
The T-4 Capacity Market auction has cleared at a record high of £30.59/kW/year, due largely to the decommissioning of old assets and higher capacity needs.
Applications for the second round of a programme designed to accelerate SME innovators who are developing low carbon energy solutions has been launched.
KrakenFlex, the energy flexibility arm of Octopus Energy Group, has partnered renewable energy solutions provider Hydro REIN for several projects across Europe and North America.
The EQT Infrastructure V fund is to acquire rapid electric vehicle (EV) charging firm InstaVolt from Zouk Capital, marking the latest EV charging network to change hands.
GridBeyond is to develop a pipeline of behind the meter battery storage projects across the UK and Ireland, thanks to a project financing facility from Triodos Energy Transition Europe Fund.
