Wind and solar could provide half of the world’s energy generation by 2050 on the back of continually declining technology costs, particularly in battery energy storage, according to a new report from Bloomberg New Energy Finance (BNEF).
Irish state utility ESB has confirmed its entry into the UK grid-scale energy storage market with the purchase of a 7MWh facility from developer Anesco.
Glencore chairman and ex-BP chief executive Tony Hayward has cast doubt over the worldwide energy transition, arguing that the penetration of renewables worldwide is being outpaced by the demand for growth.
A new joint venture has been launched today by renewables investor Thrive Renewables and project developer Aura Power offering UK businesses a no money down model for commercial and industrial energy storage.
Enel has become the latest developer to complete a battery project backed by an Enhanced Frequency Response (EFR) contract from National Grid.
The UK could meet its future power demand predominantly through wind and solar generation without jeopardising security of supply, a new report has revealed.
Fluence says it has secured the single largest energy storage portfolio transaction for a technology provider announced in the UK to date after being selected by UK Power Reserve (UKPR) to deliver half of its battery storage portfolio.
Ofgem has opened the door for more stringent financial and consumer service-related licensing standards, potentially making it tougher for prospective energy suppliers to enter the market.
SSE and innogy have continued to make top-table appointments to their would-be merged supply entity, identifying a chief financial officer designate.