Danish electric vehicle (EV) charging firm Monta has closed an additional £26 million (€30 million) as part of a Series A+ round to accelerate the rollout of EV charging infrastructure.
Clean private investment is required to increase by over £140 billion over the next five years if the UK is to reach its net zero targets, states the New Economics Foundation (NEF).
Battery management system provider Brill Power has closed a US$10.5 million (£8.75 million) Series A funding round, with the business targeting the electric vehicle battery market as a result.
Octopus Energy Group has entered a financial and strategic partnership with Xlinks, the company behind a project to link the UK with solar power in Morocco.
Clean energy firm TagEnergy has secured a €450 million (£376 million) investment to drive the initial delivery of its 2.7GW global pipeline - including projects in the UK.
Battery storage participation in the Balancing Mechanism has “increased massively” while a hybrid approach to trading that sees assets dipping in and out of Dynamic Containment is becoming more common.
Electric vehicle (EV) charging firm Bonnet has secured US$5.5 million (£4 million) in new investment as the company looks to expand its coverage to the majority of UK and European chargers by the end of 2022.
The Public Accounts Committee has said that the government has “no clear plan” for how the transition to net zero will be funded, nor a reliable estimate of what net zero will cost consumers, businesses or the government itself.