Page 372 – Current News

February 28, 2022

Gresham House secures over £108m in Capacity Market auctions

Gresham House Energy Storage Fund (GRID) has secured over £108 million in revenues through the T-1 and T-4 Capacity Market auctions.

February 28, 2022

UK energy sector top target for cyberattacks, IBM finds

The UK’s energy sector was the target of 24% of all cybersecurity incidents in the country last year, new research from IBM Security has found.

Batteries see 80% average skip rate in Balancing Mechanism, says ESN. Image: Zenobe Energy.

February 28, 2022

Natural Power appointed to support Zenobē’s 100MW Capenhurst battery storage project

Renewable energy consultancy and service provider Natural Power has been appointed to support Zenobē’s 100MW Capenhurst battery energy storage project.

Participants of OVO's "Power Move" trail saved £22

February 25, 2022

OVO appoints Raman Bhatia as retail CEO after Adrian Letts steps down

OVO has appointed Raman Bhatia as the new CEO of its retail business, taking over from Adrian Letts.

Centrica's profit hit £3.308 billion due to gas and nuclear. Image: Centrica.

February 25, 2022

Centrica’s profit soars 112% amid high oil and gas prices

Centrica’s adjusted profit has soared by 112%, jumping from £447 million to £948 million following the surge in oil and gas prices.

The rollout of charging infrastructure began in 2021. Image: Wandsworth Council.

February 25, 2022

Wandsworth Council EV charger rollout progresses with Liberty Charge installs

On-street electric vehicle (EV) chargepoints are being rolled out across Wandsworth by Liberty Charge, with 35 sites set to see installations.

The company recently raised US$8.8 million to continue to scale. Image: ev.energy

February 25, 2022

Ev.energy extends Series A funding round to £9.6m amid scaling up ambitions

Electric vehicle (EV) charging software firm ev.energy has extended its Series A financing round to US$12.8 million (£9.6 million), with this led by AcTern Ventures.

February 24, 2022

Delta-EE predicts 24-fold growth in high power electric vehicle charging by 2030

The UK is expected to be Europe’s second largest high power charging (HPC) market, with 28,000 installed by 2030.

Two guides on fleet electrification have been published

February 24, 2022

New fleet operator guidance published to 'remove some of the mystique' of electrification

SP Energy Networks, Scottish and Southern Electricity Networks Distribution and Zenobē have produced new guidance on how fleet operators can switch to electric.

The Vulnerability Commitment’s signatories include Octopus Energy

February 24, 2022

How is the energy crisis impacting the Capacity Market, and vice versa?

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.