Gore Street’s Lower Road battery energy storage system (BESS), which has in the past been one of the top performing assets in the UK market. Image: Gore Street.
February 3, 2022

Battery storage revenues rising amid record high frequency response prices

​Three of Gore Street Energy Storage Fund’s battery storage assets have been ranked as some of the highest revenue generating assets as frequency prices rise.
The oil and gas major saw its profits surge in Q4 of 2021 due to high commodity prices. Image: Kent Smith/Shell.
February 3, 2022

Labour calls for O&G windfall tax as Shell sees earnings jump 298% during ‘momentous’ 2021

The Labour Party has once again called for a windfall tax on north sea oil and gas producers as Shell releases financial results for “momentous” 2021.
The DNO is expecting 600
February 3, 2022

'Urgent changes' required for home heat decarbonisation as government off track to meet targets, BEIS select committee finds

Decarbonising residential heating is a difficult task due to the scale, complexity and cost of the challenge, the BEIS select committee has found.
National Grid ESO to reintroduce the demand flexibility service this winter. Image: Getty Images.
February 3, 2022

Energy price cap raised by 54% as Treasury unveils suite of bill protections

​As predicted, regulator Ofgem has raised the default tariff price cap by 54% hitting £1,971.
Image: Getty.
February 2, 2022

Energy crisis a problem for the wider economy, Energy UK warns as it calls for further action

​With a day until the next energy price cap is revealed, trade body Energy UK is calling for the government to take action.
The Vulnerability Commitment’s signatories include Octopus Energy
February 2, 2022

Energy price volatility to last until 2030 at least, warns Cornwall Insight

Volatility in the wholesale energy market is likely to last until at least 2030 unless significant changes are made to long-term energy strategies, according to Cornwall Insight.
"Wholesale gas
February 2, 2022

Ofgem to announce new price cap on 3 February

​Ofgem will announce the highly anticipated new level of the price cap on 3 February at 11am.
The three new hires: Neel Gulhar
February 1, 2022

Kaluza focuses on international commercialisation as it makes new leadership hires

​Kaluza has made three new hires to its leadership teams in the US and UK as it looks to ramp up its international commercialisation.
Paul Brennan
February 1, 2022

UKPN launches low carbon heating system for social housing in Right to Heat project

​UK Power Networks (UKPN) has launched a new low carbon heating trial that will see hybrid boilers – that run off both electricity and gas – battery energy storage and solar panels installed in social housing.
The Bloxwich battery
February 1, 2022

Arenko to optimise a further 455MW of Gresham House battery storage in extended partnership

Arenko has been awarded contracts to optimise a further 455MW of Gresham House Energy Storage Fund's battery storage assets in an expansion of the pair's multi-year relationship.

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