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decarbonisation
A new package agreed between the UK and EU could see the UK participate in the EU’s electricity trading platforms. The agreement covers, among other things, a UK-EU agreement to link emissions trading systems and energy cooperation. The closer cooperation agreement will, according the UK government, give clarity to industry to invest by putting the […]
The Climate Change Committee (CCC) has released its Fourth Carbon Budget for Wales, recommending a dramatic cut in emissions to reach Welsh net zero goals. Wales’ Fourth Carbon Budget covers the five-year span between 2031 and 2035, and recommends a 73% emissions reduction from the 1990 baseline level over this period. This equates to a […]
The National Energy System Operator (NESO) has finalised the methodology for developing the Strategic Spatial Energy Plan commissioned by the government. Ofgem and the secretary of state for net zero Ed Miliband have approved NESO’s plans for how it will develop the plan, which is due to be presented to Miliband in Autumn this year. […]
Ofgem has announced that it will raise the threshold at which energy projects must undergo a Transmission Impact Assessment (TIA). The evaluation of TIA is the process by which the National Energy System Operator (NESO) assesses the impact that a project looking to connect to the distribution network will have on the local transmission network […]
Octopus Energy Generation has launched a new investment fund to enable pension schemes and private wealth investors to easily invest in the energy transition. The fund, named the CG Octopus Energy Sustainable Growth Fund I, and dubbed “Astris” by Octopus, has been launched with a £165 million cornerstone investment. Astris provides access to over 50 renewable energy […]
Connected Energy has announced that it has partnered with Forsee Power to jointly design and develop a new kind of battery energy storage system (BESS) using second-life batteries from electric buses. The system will utilise Forsee Power’s ZEN 35 and ZEN 42 batteries, which Forsee Power states are currently in use in around 1,500 electric […]
Trade body Scottish Renewables has revealed that 64% of Scotland’s clean power supply chain is investing in the renewable energy market to drive the nation’s green future. The sixth edition of Scottish Renewables’ Supply Chain Impact Statement surveyed the organisation’s more than 370 members to find out their opinion on the current renewable energy landscape […]
