Octopus Energy has increased its export tariffs by 36%, as energy prices in the UK remain at record highs. As such, its Smart Export Guarantee (SEG) (export only customers) tariff has increased from 3p/kWh to 4.1p/kWh, and its Fixed Outgoing Octopus tariff has increased from 5.5p/kWh to 7.5p/kWh. The change came into force at
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
Spiralling UK energy prices and the collapse of several power suppliers recently has illustrated the danger of over-reliance for our energy needs on large companies. And with the rise of distributed renewable power sources, such as roof top solar and battery storage, the time is ripe for a re-think of our energy systems. The
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
Keep the lights on with one of these backup power sources. When you live somewhere with extreme weather or regular power outages, it's a good idea to have a backup power source for your home. There are various types of backup power systems on the market, but each of them serves the same primary purpose:
Everyone is talking about the vanishing gap between household incomes and the affordability of rooftop solar, and that’s a good thing. Throw a home battery energy storage system into the mix, though, and the gap reappears. Now add the virtual power plant model, and the gap could turn into a yawning chasm of benefits,
Confronting the key weakness of solar. Energy Dome just announced the close of its $11 million Series A funding round. The Italian company will use that new money to develop and demonstrate the technology for its CO2 Battery, which will greatly enhance solar energy storage, a press statement reveals. The CO2 battery will store
Nissan has been given the green light to install a huge solar farm at its Sunderland plant as part of a drive to become carbon neutral. Planning permission was granted for the new 20MW installation this week, which will double the amount of renewable electricity generated at Nissan’s factory to 20% of the plant’s
Annual residential battery storage installations in Europe passed the 100,000 mark for the first time ever in 2020, reaching a cumulative total of 3GWh capacity. The upward trajectory is set to continue and accelerate, according to SolarPower Europe, with a combination of economic and non-economic drivers propelling a 400% growth over five years. The
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