Energy companies could boost turnover by an average of 9% - equivalent to around US$217 million (£164 million) – over the next five years by adopting industrial internet of things (IIOT) technologies, but face numerous hurdles.
The government has confirmed plans to hold new Contracts for Difference (CfD) auctions for offshore and remote island wind projects, with the first to be held in May 2019.
The search is on for a fund manager to manage the UK’s £400 million electric vehicle (EV) charging infrastructure investment fund (CIIF) after the Treasury launched a request for proposals via the Infrastructure and Projects Authority (IPA).
Installation of smart battery systems is underway on the Isles of Scilly in the first stage of a £10.8 million project to demonstrate how solar, energy storage and other smart energy resources can transform the energy system of an island grid.
National Grid has used a new web-based platform to dispatch ancillary services using battery storage in the first example of the new system being implemented across its reserve products.
Ofgem has set out its plans to overhaul the charging arrangements of the UK energy system to allocate more costs to distributed generation to reflect the ongoing changes in the sector.
The UK government has put forward a future vision for small-scale renewables which places the generators at the heart of local flexibility and balancing markets.
The UK has taken ‘a major step’ towards the electric vehicle revolution according to the government after the Automated and Electric Vehicles Act completed its passage through parliament.
Solo Energy is to launch a ‘free battery’ business model to UK homeowners after carrying out a pilot in Orkney that saw solar and storage systems deployed on 30 properties to boost self-consumption and overcome grid constraints.
