BP has announced plans to invest US$500 million (£358.5 million) in low carbon businesses each year as it looks to further embrace the low carbon transition.
Prominent politicians from across the political spectrum have warned against the UK’s departure from the Internal Energy Market (IEM) as part of Brexit, despite the country’s exit from the single market taking automatic continuation “off the table”.
Just 50 ultra-rapid charger locations placed strategically across the country would be enough to ‘fix’ range anxiety and could be delivered for as little as £0.60 a car per year, according to National Grid’s electric vehicles lead.
A consortium of companies from the energy, flexibility, technology and engineering worlds has been formed in a bid to bring a flexibility trading platform to market.
A new grants scheme has been launched in Ireland to increase uptake of electric vehicles (EVs) in the country’s taxi, limousine and hackney fleet in an effort to decarbonise the country’s transport sector.
Battery storage and demand-side response have continued to play a crucial role in the UK’s power mix, together landing more than 500MW of contracts in the most recent T-1 Capacity Market auction.
The Open Networks project from the Energy Networks Association (ENA) is calling for views on its 2018 workplan through the issuing of a consultation, which sets out the ‘significantly larger’ body of work set for the current year.
