With oil prices expected to stay low, big producers are grappling with lower profits and the prospect of a quicker transition to renewable energy Seven of the world's largest oil firms have wiped almost $90bn (£69bn) off the value of their fossil fuel reserves as the coronavirus pandemic sent demand plunging. Royal Dutch Shell,
Falling renewables costs and speedy deployment mean that Britain should aim for the technology to meet two thirds of electricity needs by 2030. This is according to the National Infrastructure Commission’s (NIC) latest report, which found this could be delivered at the same overall cost as meeting half of total demand by 2030 with renewables,
Renewable generation hit a new record in 2019, generating 37.1% of the UK's electricity throughout the year. This was up from 33.1% in 2018, and reflected a 6.5% increase in renewable generation capacity, which rose to 47.2GW according to new figures released by the Department for Business, Energy and Industrial Strategy (BEIS) today. Over
The Isle of Man has released its plan for reaching net zero by 2050, setting its sights on 75% renewables by 2035. Whilst it is not covered by the UK’s 2050 target, the British Crown dependency itself committed to net zero greenhouse gas emissions in May 2019, and has since been working to develop
The British government has relaxed planning legislation, in a move that could triple the number of batteries serving the grid. Ministers have today (14 July) passed secondary legislation that removes barriers for storage projects above 50MW in England and 350MW in Wales. The government hopes that this will lead to storage cells five times
The UK's renewable generation has seen the largest ever year-on-year increase, jumping by 30% in Q1 2020. Following on from the Department for Business, Energy and Industrial Strategy (BEIS) publishing its quarterly report, the department has now given in depth figures specifically for renewables. It found that renewable generation climbed by 9.4TWh from 31.5TWh
Batteries can offer a cost-effective option for upward and downward reserve to the UK grid, a project run by AI and automation tech firm Arenko with transmission network operator National Grid ESO has found. The trial, first announced in May, found that the Electricity National Control Centre (ENCC) can effectively request the availability of
There was a time not so long ago when EV advocates assumed plug-in hybrids would be the bridge technology between conventional cars and battery electrics. The thinking was that battery prices would remain so high that fully electric cars would take a long time to go mainstream. But a funny thing happened on the
A combination of residential solar, storage and smart controls could "dramatically reduce" the evening peak. This is according to a new report produced by the Solar Trade Association (STA), Loughborough University and Advanced Further Energy. The report looks into the grid and consumer benefits of four generations of smart home, scaled up across a
A 25-megawatt battery-based energy storage system has been connected to the electricity grid to store surplus power from wind and solar plants. Located in a field near Taunton, it works by buying and storing electricity when it is cheap and then selling it at peak demand for a profit. It also helps the National