Decarbonisation should be the focus of the COVID-19 recovery, a letter signed by over 200 business leaders has said. The letter, sent to Prime Minister Boris Johnson, calls for a clear vision for recovery efforts that align with the UK’s wider social, environmental and climate goals. Government recovery efforts should drive investment in low
Renewable power shares are outperforming fossil fuels in the stock market, but obstacles are still standing in their way. A new report produced by Imperial College London and the International Energy Agency (IEA) found that renewables offered investors higher total returns than fossil fuels, and had a lower annualised volatility, making them lower risk
McDermott continues its dialogue with renewable industry leaders to provide the latest market updates on the disruption, challenges and opportunities COVID-19 presents to the industry. This week, we focused on the energy storage market and hosted Chris McKissack, CEO at GlidePath Power Solutions. Glidepath was an early mover in energy storage. GlidePath is now
UK Power Networks (UKPN) is installing new steel core transformers at substations that are set to help support decarbonisation. The amorphous steel core transformers are high efficiency, with the distribution network operator (DNO) to replace around 15,000 transformers over time. This is set to save over 8,500MWh per year and result in a carbon
[I'm learning about Permaculture as I embrace the good life - I found this to be a very good summary. Trevor] Gardening will never go out of fashion. Anyone with a green thumb and a penchant for growing nutritious food will attest to that. However, conventional ways of farming can fall to the wayside when
For the first time ever, more electricity came from renewables than fossil fuels throughout the whole of Q1 2020. During the first three months of the year, over 40% of Britain’s electricity came from renewable energy sources, with 30.6% coming from gas according to Drax’s newest Electric Insights Quarterly. This was bolstered by a
With the inclusion of battery energy storage into new building codes and safety standards, it’s obvious just how mainstream storage is today. Electrochemical batteries have been around for more than 100 years and solar photovoltaic (PV) panels have been in use for half a century. During the early days of solar, users deployed PV
While COVID-19 looks set to hurt renewable growth in the short term, it will not halt it according to a new report by the International Energy Agency (IEA). In the agency’s Renewable Market Update report, it shows that globally there will be 167GW of renewable power capacity added in 2020, a 13% drop from
Changes in public policy are still needed to encourage a switch from gas boilers to hybrid systems, but the Future Homes Standard should be implemented now. In a piece looking at the switch to low-carbon electric and hybrid heating systems, chief executive of Centrica Consumer Sarwjit Sambhi, argued that there is no reason to
[I found this article really interesting. Naturally I expected it to highlight the importance of growing your own food, plus pantries and freezers, but I thought the other ideas were also well considered. Trevor] Lockdown lessons shaping the future of housing As we find ourselves locked down amid coronavirus, there’s more demand on our