An investment of over £183 million is being recommended by National Grid ESO to support network reinforcement in 2021.
Octopus Energy has hit a $2 billion (£1.5 billion) valuation as it announces an expansion into Asia thanks to a partnership with Tokyo Gas.
HM Treasury has launched its interim Net Zero Review ahead of the publication of the full document in spring 2021.
Reactive Technologies has received an investment from global professional services firm Accenture to help accelerate the commercialisation of grid data for utilities.
O&G giant Shell has backed residential renewables platform GreenCom Network’s €12 million (£11 million) funding round through its investment arm, Shell Ventures.
EDF has invested in cleantech startup PowerUp in a bid to support its 10GW of storage by 2035 ambitions.
As governments turn their eyes to a green recovery, 80% of institutional investors are planning to increase their investment into renewable energy.
For the UK to reach its net zero target, £40 billion a year will be needed in infrastructure spending, double current levels.
Zenobe Energy is targeting an additional 500MWh of storage and 1,000 electric buses following a £150 million investment from Infrascapital, the infrastructure equity investment arm of M&G.