Germany-headquartered utility innogy has backed a renewed investment in innovation to return it to growth after earnings fell 10% in the year following its IPO.
A £180 million reserve power scheme established by National Grid ended without once being used, the Energy and Climate Intelligence Unit (ECIU) has claimed.
The potential impact of electric vehicles (EVs) and the associated infrastructure on the UK’s energy system is being largely ignored, according to speakers at Solar Media’s Energy Storage Summit.
Ofgem has said it is minded to drastically cut embedded benefit payments to local embedded generators as part of what it says is a bid to protect consumers and prevent market distortion.
The UK government must act urgently to support greater flexibility in the country’s power system or risk escalating system costs, the UK Energy Research Centre (UKERC) has warned.
The first grid scale installation of the Tesla Powerpack system in Europe has been completed in the UK by Camborne Energy Storage and is already providing ancillary services to the National Grid.
