Posted on: 17/07/2018
BP buys energy consumption data firm
Oil giant BP has bought a £1.5 million stake in Voltaware, which produces monitors to help companies track their energy usage.
Dev Sanyal, Chief Executive of BP Alternative Energy, said: “Nearly two thirds of the projected growth in global energy demand over coming decades is expected to come in the form of electricity, and BP is looking at innovative ways to meet customers’ power and storage needs.
“Enabled by digital technologies such as those provided by Voltaware, we can be more efficient in the generation of electricity and how that power can be monitored, moved, sold, traded and stored.”
SSE and M&S energy partnership ends
High street retailer Marks & Spencer has ended its nine-year partnership with energy supplier SSE.
The contract will come to a close at the end of September, with SSE writing to all M&S Energy customers to explain their options.
The partnership has supported more than 70 community energy projects.
UK Power Reserve in gas engine tender move
UK Power Reserve, which develops and operators flexible generation assets, has launched a tender to buy gas engines capable of generating 200MW of power.
The engines will take its total portfolio to more than 1GW.
It already has 500MW of gas capacity operating in England and Wales and is adding a further 160MW of gas with 120MW of battery storage.
Largest battery facility opens
British Solar Renewables (BSR) has opened the UK’s largest battery storage facility at Stocking Pelham near Bishop’s Stortford in Hertfordshire.
The 49.9MW project was completed in December and consists of 27 inverters and 150,000 lithium-ion battery cells.
Tim Humpage, BSR’s Head of Engineering, Procurement and Construction, said: “Renewables are meeting more and more of our energy needs and projects like this have the power to turbo-charge this trend as batteries have the ability to balance supply and demand.”
NextEnergy buys solar portfolio
Ten solar farms with a combined peak capacity of 66.8MW have been bought by London-listed NextEnergy Solar Fund for £42.2 million.
The ten sites are all in the South-West of England.
The deal means the fund now has 85 solar farms with a total capacity of 689.4MW and a total investment value of £890m.