Octopus Energy has acquired heat pump manufacturer Renewable Energy Devices (RED), as it targets cost reductions through expansion. It will initially take a controlling interest in the firm based in Craigavon in Northern Ireland, ahead of full acquisition by the end of the year. The multi-million pound partnership will see RED’s existing factory being
VAT on energy efficiency measures are to be cut to 0%, Chancellor Rishi Sunak has announced as part of his Spring Statement. Speaking in the House of Commons this afternoon (23 March), the Chancellor unveiled his mini-budget amidst the energy and cost of living crisis. The cut to VAT on solar panels, heating pumps and
Charities have called on the government to cut energy bills for the most vulnerable households, as they warn 8.5 million UK households face fuel poverty. The End Fuel Poverty Coalition (EFPC) issued the call as predations the price cap could go over £3,000 for the winter period emerge due to the Russian invasion of
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
Vattenfall and its technology provider subsidiary Feenstra are launching a new high-temperature heat pump. A criticism often raised against heat pumps is the need for additional upgrades to heating systems to accommodate their lower temperature, in particular the need for insulation. This can increase the cost and complexity of switching from a traditional gas
Heat pumps and solar thermal are among technologies suggested by the government to help meet new carbon reduction goals. Under the new regulations, announced by the government yesterday (15 December), CO2 emissions from new build homes from 15 June 2022 must be around 30% lower than current standards and emissions from other new buildings,
Manufacturers have ordered nearly double the number of heat pumps currently on the shelves and in the warehouse in the UK to meet surging demand in 2021. According to a new survey by the Heat Pump Association (HPA) – which represents around 95% of the heat pump manufacturing market – manufacturers have placed orders for