UK battery storage firm Zenobe has secured £25 million in funding from Santander as it looks to continue its growth.
Ongoing fears over EV charging utilisation rates have thrust multiple revenue streams towards the top of infrastructure operator needs for financing.
Ofgem has officially replied to an article in the Guardian that accused the energy watchdog of stalling the electric vehicle (EV) rollout, saying that is does “not fully reflect Ofgem’s position.”
Ofgem will allow £64 million of additional funding requests from distribution network operators (DNOs) for rail electrification, street works and site security.
The Committee on Climate Change (CCC) has issued a call to HM Treasury to ensure the costs of reaching net zero are distributed evenly, revealing it will publish its advice on the sixth carbon budget earlier than expected.
The government has doubled funding for the installation of on-street EV charging points.
Ofgem has opened a consultation on 12 requests for funding adjustments totalling £322 million under the RIIO-ED1 price control.
The government is exploring new funding models for nuclear and Carbon Capture Usage and Storage (CCUS) projects, announcing up to £18 million for the development of small modular reactors (SMR).
SSE Enterprise has secured a £3.4 million government grant for a scheme to provide EV charging for drivers without off-street parking.