The ‘world first’ flexibility trial Project TraDER has gone live on the Orkney islands.
As the COVID-19 lockdown changes demand patterns, the grid's flexibility is put to the test.
As the country goes into lockdown, the power demand profile is changing due to the shutdown of offices and industry.
The UK is to host what’s been described as the world’s largest, most ambitious energy flexibility market trial, part of two separate energy pilot projects launched today.
OVO has invested in energy technology firm Electron, teasing that it is the first in a series of strategic investments.
Electron is to develop flexibility trading platforms in Switzerland and South Korea as the energy blockchain specialist expands its smart platform technology into international markets.
EDF Energy has completed a 2MW trade of a Capacity Market obligation (CMO) with UK Power Reserve (UKPR) utilising a digital trading platform underpinned by blockchain technology.
Electron has promoted Paul Massara to the position of chief executive as the blockchain tech company prepares to grow in both the UK and internationally with new investment.
Electron wants to create more alignment in the UK power sector, which it said is much needed if energy and flexibility trading is to realise its full potential.