An increase in strategic, self-generating renewable energy ‘prosumers’ in the energy market has the potential to lead to ‘death spirals’ for utilities, according to research from the Tokyo University of Science. Using mathematical modelling of markets, the research found that strategic prosumers – those consumers with rooftop solar, for example, who tailor their energy consumption
Arrays installed by more than 50,700 households in first quarter of 2023 as people seek to reduce energy bills The number of households installing rooftop solar panels reached its highest level in more than seven years in the first months of 2023 as energy-bill payers turned to renewable energy to guard against spiralling costs.
As we venture into the era of future cities, the potential of building-integrated photovoltaics (BIPV) cannot be underestimated. In future cities, BIPV will play an integral role in addressing energy demands and reducing carbon footprints. With innovative design approaches, architects and engineers will harness BIPV potential to create visually stunning, eco-friendly structures. As we
The UK’s battery storage market is set for exponential growth in the coming years, rising from the ground up to reach 24 gigawatts (GW) capacity by the end of the decade. These utility-scale battery systems will attract investments of up to $20 billion and have enough combined energy reserves to power 18 million homes for
Solar and wind power increased their combined share of global electricity to 12% in 2022, but other clean energy resources dropped for the first time since 2011, according to energy thinktank Ember. Ember’s fourth annual Global Electricity Review revealed that solar generation grew by 24% in 2022, the fastest-growing electricity source for 18 years straight.
Britain has broken its record for ‘greening the grid’, with 25 hours coming from 100% clean electricity in December, according to new analysis from Imperial College London for Drax Electric Insights. This is one of the key findings from the the Drax Electric Insights Q4 2022 report, which suggests that there was 2.9GW of surplus
Octopus Energy has launched a brand new tariff for customers with solar, a battery and an electric vehicle at home. Octopus Flux will be able to save customers more than £326 a year compared to the suppliers next more appropriate tariff, it noted. “We’re delighted to launch our next generation import/export tariff, 'Octopus Flux', for
Oil and gas giant BP confirmed it more than doubled its annual profit in 2022 to £23 billion ($27.7 billion), up from the £10.6 billion ($12.8 billion) witnessed in 2021, owing to soaring oil and gas prices. The profits witnessed by BP across 2022 have been propelled by soaring oil and gas costs amid the
Five energy trade associations have written a joint letter to the Chancellor Jeremy Hunt, calling on him to offer a more competitive capital allowance regime in the upcoming Spring Budget to incentivise investments in the UKs renewable industry. The chief executives of Scottish Renewables, RenewableUK, Solar Energy UK, Energy UK and the Nuclear
Scotland's new £900 million battery storage facilities will boost resilience during down periods, the Scottish Cabinet Secretary for Net Zero, Energy and Transport has said. Michael Matheson hailed Amp Energy’s plans to establish Europe’s largest green energy storage complex across three sites in Scotland, with the first in Ayrshire. “Amp Energy’s battery storage facility