The head of European utility giant RWE’s UK business Tom Glover has challenged National Grid to slash settlement periods to just five minutes by 2030.

International battery brand Duracell is set to launch a home energy storage system in partnership with a UK energy supply and services company that will use Artificial Intelligence to boost the revenues currently available to homeowners by 400%.

​UK Power Reserve has confirmed that battery storage solutions from Fluence will be used to build out its entire 120MW portfolio of projects to have secured contracts in the 2016 Capacity Market auction.

​Ofgem has confirmed financial support to an innovation project due to get underway in East Fife later this month that will test how to trade participants’ flexibility using a digital marketplace to generate income and stave off grid upgrades.

​E.On is to release a new smart home technology platform allowing households to aggregate the data and capacity of their electrical devices to manage their energy consumption and even trade it on the market.

Scottish and Southern Energy Networks (SSEN) has been granted a £300,000 reward under the Low Carbon Networks Fund for its My Electric Avenue project.

Norwegian energy giant Statkraft has made a major play for the UK and Ireland wind sector by acquiring the development business of Element Power Group.

The evolution of business models in the renewables sector has served as an “earthquake” for the power sector, forcing utilities to take notice.

​UK Power Networks has laid out its vision for a ‘flexibility first’ approach in the coming years, including procuring a forecast 206MW in place of network reinforcement.

Low Carbon has gained provisional approval for a large scale battery energy storage project in Northern Ireland, with planning documents suggesting that three more could be on the horizon in the emerging market.