Oil and gas major Shell has outlined an overhaul of its company strategy as it bids to take advantage of worldwide electrification.
Shell Energy said its decision to rebrand was a “line in the sand” as it pledged to kick-start a consumer-facing revolution in the supply market.
UK wholesale power prices dipped into negative pricing for more than six hours yesterday following an “unprecedented turn of events” in the country’s supply and demand profile.
Shell has rebranded First Utility as Shell Energy and switched all of its residential customers to 100% renewable power as it places the UK supply market firmly in its crosshairs.
Following Shell’s headline-grabbing acquisition of Limejump, Liam Stoker speaks to the latter’s chief executive about how the deal came about, what it means for the firm moving forward and, crucially, the energy transition in general.
Shell has continued its spending spree in the clean energy space, this time acquiring London-based energy tech firm Limejump.
Energy aggregator Limejump has struck a deal with NextEnergy Solar Fund (NESF), one of the UK’s largest solar asset owners, to trade 120MW of PV generation.
The upcoming publication of the Association for Decentralised Energy’s (ADE) Demand Side Response Code of Conduct has sparked discussion over whether the voluntary nature of participation will be enough to ensure good working practices.
The balancing and frequency markets will double in value by 2030 as the evolution of the power market creates £6 billion of investment opportunity for battery storage and other flexible and distributed generation assets.