News
News
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TEPCO ‘likely to decommission Fukushima Daini nuclear plant’
Tokyo Electric Power Corporation (TEPCO) has said it is likely to decommission the four reactors at the Fukushima Daini nuclear power plant in Japan. Despite the company having yet to announce an official decision on the fate of the plant, close to the damaged Fukushima Daiichi facility, company President Tomoaki Kobayakawa said he hoped the […]
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UK energy professionals’ concerns: Brexit uncertainty and key high capital projects
The “fog of uncertainty” around Brexit and policy shortcomings has intensified and is resting heavy on the minds of energy professionals in the UK. That’s the findings of the Energy Institute’s (EI) latest Energy Barometer, an annual ‘state of the nation’ survey of experts across the industry. It states last year’s concerns about the potential […]
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Smaller energy firms required to give £140 discount to vulnerable customers
Smaller energy suppliers will soon have to give vulnerable customers, including pensioners, £140 off their energy bills. Around 2.2 million people currently receive the one-off discount on their electricity bills between September and March every year under the Warm Home Discount scheme. The government said energy firms with more than 150,000 customer accounts – currently […]
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“Blue sky thinking”: Grid connected storage is good for the National Grid
As the demand for green, low carbon energy increases, the debate over what type of energy we use intensifies. The UK government, along with the rest of the EU, has pledged to certain renewable energy targets in the near future, which means that the National Grid needs to review what type of energy it draws […]
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E.ON plans major solar project in Texas
E.ON has announced plans for a 100MW solar project in the US. The West of the Pecos plant, located in Reeves County in Texas, will consist of 350,000 panels across an area equivalent to 550 football pitches. The energy company expects the project to create 700 jobs and start generating electricity in 2020. It said […]
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Renewable firm breaks ground on 10MW storage project in Germany
Renewable energy company RES has broken ground on a 10MW battery storage project in Germany. It is building the facility – funded by the EU and supported by the state of Schleswig-Holstein – for German utility VBB. The project will provide grid stabilisation and back-up power to the Bordesholm area in the event of a […]
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EU appoints members of Technical Expert Group on Sustainable Finance
The European Commission has announced members of the new Technical Expert Group on Sustainable Finance. It consists of 35 members from civil society, academia, business and the finance sector from organisations, including Allianz Global Investors, Climate Bond Initiative, Luxembourg Stock Exchange, Unilever and WWF. They will develop an EU classification system, or so-called taxonomy, for […]
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Renault to invest €1bn in French EV production
Renault plans to invest more than €1 billion (£0.87bn) for the development and production of electric vehicles (EVs) in France. It will double the production capacity for the Renault ZOE EV, develop a new Alliance electric platform to create a second production site, triple its electric motor production capacities and introduce a new electric motor […]
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Indonesia’s first utility-scale solar plants receive $40m investment
The Asian Development Bank (ADB) has announced financing of around $40 million (£29m) for Indonesia’s first utility-scale solar photovoltaic (PV) plants. They will consist of 21MW and three 7MW solar power plants in North Sulawesi and West Nusa Tenggara provinces. The loan is part of a $160 million (£119m) investment, of which $120.8 million (£90m) has already […]
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UK businesses offered battery storage at no upfront cost
Two UK companies have joined forces to offer businesses the chance to use battery storage systems at no upfront cost. Thrive Renewables and Aura Power said their joint venture will install and operate batteries for medium and large energy users – spending £500,000 a year or more on electricity – free of charge in return […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas