A £75m battery energy storage system – the largest in Europe – has been officially opened in the UK by Harmony Energy Income Trust Plc. The revolutionary battery energy storage system is located at Pillswood near Cottingham, East Yorkshire, and is the largest energy storage system of its kind by megawatt-hour (MWh).
The solar power industry saw spectacular growth in 2022, driven by the energy price crisis and consumer desire for a more sustainable lifestyle. A greater number of smaller-scale systems were installed than in any year since 2015, more than twice the amount seen in 2021 and setting a post-subsidy record. A total of 130,596
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
Clean energy company Good Energy has recognised a growing appetite for solar generation with over 250,000 UK-based households considering a solar installation by 2026. Running alongside this statistic, Good Energy also said that across 2022, solar installations doubled to over 130,000 with the primary incentive to switch to the technology being to avoid exposure to
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
The cost of developing solar projects has increased by up to 50% as a result of the Electricity Generator Levy and inflation, Energy UK has said. Due to the newly introduced Electricity Generator Levy, current inflation levels and supply chain difficulties, costs associated with the creation of low carbon generation projects have increased by
Energy supplier Good Energy is launching a new smart export product for its Feed-in-Tariff (FiT) customers. This marks an “evolution for the business”, the company said, as the scalability of smart export offers significant potential. Customers that choose to move to a smart export will receive payment for the actual amount of electricity they export,
The Microgeneration Certification Scheme (MCS), has released its latest data showing that 130,596 solar photovoltaic (PV) systems were installed in UK homes last year – a 114% rise from 2021. This figure made up the majority of the total 163,341 MCS certified installations, marking the highest annual deployment since 2015, which saw 200,000 installations. The
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