Investors are now becoming more comfortable with battery storage, with projects being profitable and cost-effective, according to industry experts. Speaking at the Energy Storage Network’s Annual Marketplace, Alicja Kowalewska-Montfot, commercial manager-energy storage at Gore Street Capital, said the asset owner had established a “very strong” retail base of investors, who would typically be more risk
Dorset Council has granted planning permission for the Blandford Hill Eco Hub development from Naturalis, a development that will include a 15MW solar farm with battery energy storage. The £10 million development will provide an electric vehicle charging hub, off the A354. It is set to include 6 ultra-rapid (up to 350kW) and 6
There are 12 suppliers in the UK that are technically insolvent and therefore at risk of collapse, according to analysis from accountants Price Bailey. It looked at the credit risk scores and balance sheet information of the 22 remaining suppliers – with the analysis excluding the big six and two businesses with suppressed risk
The long-term sustainability of the energy sector is at risk from the short-term measures being considered as a solution to the energy crisis. Currently policy makers are focusing too heavily on solutions to manage the upcoming price cap increase, in particular the Default Tariff Cap, without treating the root cause of the energy crisis,
The number of families experiencing fuel stress is set to triple overnight when the price cap is reset, reaching 6.3 million households. According to new research from charity Resolution Foundation, if the price cap increases by around 50% – as it is predicted to by the likes of Cornwall Insight – the number of households that
The ‘use it or lose it’ rule means that Lufthansa is using its routes even when it hasn’t sold seats. The airline company Lufthansa will operate 18,000 “empty, unnecessary” flights this winter that would have otherwise been cancelled due to lack of passengers. The empty flights will run because of rules imposed by the
Labour has called for a windfall tax on North Sea Oil and Gas companies to help fund measures to protect households from expected energy bill increases in April. Oil refinery plant at night With gas prices throughout Europe going up exponentially in 2021 and remaining high into 2022, the price cap is
Used lithium-ion batteries taken from carmaker Audi’s electric vehicles (EVs) have been repurposed into a ‘second-life’ stationary energy storage system by energy company RWE at a project in Herdecke, Germany. RWE has deployed the system, which has a capacity of around 4.5MWh, at the site of its pumped hydro energy storage (PHES) plant at
Octopus Electric Vehicles is preparing a path for its vehicle-to-grid (V2G) project Powerloop to become the first to enter National Grid ESO’s Balancing Mechanism. Developed by a consortium run by Octopus Electric Vehicles and Octopus Energy in partnership with UK Power Networks (UKPN), Energy Saving Trust, Open Energi, CPS, and Guidehouse, Powerloop has allowed
We recently did a solar and battery install very local to us - this was in Hemel Hempstead and we're based in Kings Langley. The solar was a large array of 24 panels, each 375W giving a total power of 9 kWp, connected to a Sofar 7.5 kW solar inverter. We handled the necessary