Government must “take the brakes off” the progress of energy storage by implementing the right policy framework without delay, according to MPs from across the political spectrum.

Questions have been asked over the future of the Capacity Market mechanism after last week’s T-4 auction cleared at a record low price.

National Grid’s T-4 auction for the 2021/22 winter period has cleared at a record low price as battery storage projects seemingly struggled to compete.

Germany’s Next Kraftwerke is bringing to market a new product that allows energy companies to establish their own virtual power plants.

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”.

Demand side response specialist Endeco Technologies is to rebrand itself as Gridbeyond.

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.