The assets of defunct energy technology company The Faraday Grid are set to be acquired by Third Equation, an entity founded by ex-Faraday Grid chief executive Andrew Scobie, Current± understands.
The Energy Networks Association (ENA) has lauded the “relentless focus on innovation, delivery and net zero” its Open Networks project has, declaring it vital to new emissions reductions targets.
The UK could adopt the most ambitious net zero target of any established economy as the Labour Party agrees on a target of 2030, but meeting such a target would be a "considerable challenge" the clean energy sector has warned.
OVO Energy has committed to eliminating its customer’s household emissions and fit five million homes with flexible, clean energy technologies as part of a wide-ranging carbon-cutting initiative dubbed ‘Plan Zero’.
Up to £70 million in new funding for innovative energy tech firms is up for grabs after network operators and the Energy Networks Association launched its Call for Ideas under the Network Innovation Competition (NIC).
Global renewables capacity must increase eight-fold and more than US$1.5 trillion invested into grids worldwide to help reverse the climate emergency, research body DNV GL has said.
The UK recorded a new grid carbon intensity low last weekend, as the country enjoyed extensive periods of fifth carbon budget-compliant power generation.
