RenewableUK has appointed four members to its board from companies including GE, National Grid and ScottishPower.
National Grid’s statutory operating profit was up 82% for the 2021/22 financial year to £4.4 billion, boosted by the acquisition of Western Power Distribution (WPD).
National Grid is to pay back £200 million of interconnector revenues ahead of schedule amidst the energy crisis.
National Grid has continued its shift towards electricity as it targets net zero, through the sale of a 60% equity interest in its UK gas transmission and metering business.
National Grid has seen its underlying operating profit rise 47% to £1.4 billion for the six months ended 30 September as it focuses on delivering “critical and green investment”.
National Grid has teamed up with UK authority on advanced digital technology Digital Catapult to explore how the adoption of 5G within the electricity and gas transmission networks could help deliver net zero.
National Grid has pushed back its expectation of when the IFA1 interconnector with France will be operating at its full 2GW capacity again.
Pivot Power’s 50MW/50MWh lithium-ion battery storage site in Oxford is the first tertiary connection in the country to export to the grid.
Onshore wind and solar energy need to be increased in South Wales to enable a net zero energy system in the region by 2050.