A few words about how we at Circular Energy Storage experienced the market in 2021 and what we will look for in 2022. When battery recyclers buy scrap lithium-ion batteries, or black mass, the not so specific intermediary powder from crushed cells, the prices are usually set as a percentage of the price at
Demand is growing as more of us work from home. But does the £5,000 outlay for installation pay off? With energy bills on their way up again from April, homeowners are looking skywards to try and ease the pressure on their budgets – by installing solar panels. The latest change to the regulator’s cap on
With the current pandemic, the damage to food production and supply chains has already been set in stone. It’s just a matter of time before the full effects of these unfortunate events trickle down to cause a shortage of food in your local area. As a crisis gardener, you want to hedge against this
An increasing number of homeowners are investing in residential energy storage systems (RESS) solutions to reduce inconveniences associated with power outages and in some cases, reduce costs and increase their use of renewable power. This was one of the findings in a new report from Guidehouse Insights, examining the global market for RESS solutions
The U.K. needs to substantially expand its capacity for storing electricity for longer in order to maintain energy security as it shifts to greener power, according to Aurora Energy Research. As much as 24 gigawatts of long duration electricity storage -- about eight times the current installed capacity -- may be needed to help
The country’s reliance on gas for heating, electricity generation and heavy industry comes at a heavy cost The UK’s reliance on gas to heat homes, generate electricity and fuel heavy industry has come at a steep cost, which is expected to keep on rising. In recent weeks the financial hit to household incomes has
New energy needs a new market. Not for the first time, global energy markets are in turmoil. Internationally traded gas prices more than quadrupled in 2021. In their wake, many energy suppliers have gone bust and household bills across Europe are set to soar. Energy prices are driving up the cost of living and inflation,
Yesterday (3 January), Ofgem announced a 54% increase in the price cap for the summer period, due to the ongoing energy crisis. In response, chancellor Rishi Sunak set out a number of measures in an effort to manage the impact this will have on consumers. This includes a £9.1 billion one-off repayable discount, a council tax
In 2017 the UK’s biggest gas storage facility, Rough, closed after the Government refused to subsidise costly repairs Britain has been hit harder than its European neighbours by the energy price crisis, in part because it has very little gas storage capacity. Gas stores can act as a buffer against rising energy prices by enabling countries to
Octopus Energy has increased its export tariffs by 36%, as energy prices in the UK remain at record highs. As such, its Smart Export Guarantee (SEG) (export only customers) tariff has increased from 3p/kWh to 4.1p/kWh, and its Fixed Outgoing Octopus tariff has increased from 5.5p/kWh to 7.5p/kWh. The change came into force at