The Informer

07/05/2019 - Sector Round Up

Gresham House looks to build up battery pipeline

Asset manager Gresham House has unveiled plans to raise £75 million to invest in 180MW of battery storage capacity.

The share placing comes on top of the £100m the London-listed investment vehicle raised in November.

The fund is expected to buy a 5MW project in Wolverhampton in the next few weeks, with construction beginning on a 50MW facility before the end of the year.

> Read Gresham House's announcement

 

Greencoat to issue shares to...

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Wind repowering urged to meet climate targets

Repowering of wind farms by replacing old wind turbines with newer, more powerful ones would be an “easy win” on climate change and energy affordability, according to a new report.

RenewableUK said 8.27GW of onshore wind capacity is due to be retired over the next two decades and that changes to Government policy are needed if the gap is to be filled.

The trade body wants to see councils encouraged to give planning permission for replacement turbines to “repower” wind farms, with fears that...

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Surge in homes powered by green gas

One million homes in the UK are now being supplied with “green” gas produced from farm and food waste, according to the Green Gas Certification Scheme (GGCS).

The scheme said there had been a 13-fold increase in the number of customers being supplied with biomethane since 2017.

Green gas production has risen four-fold since 2015 to hit 2.5TWh.

The GGCS predicts green gas could be used to supply 10 million homes by 2050 by generating 149TWh of power.

Reducing food waste

Doug Stewart, Chief...

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EnergyUK urges changes to regulatory approach

Great Britain should change its “one-size-fits-all” approach to regulating energy retail suppliers to increase competition through tailored services, a new report has said.

EnergyUK’s “Future of Energy” report lays out how regulations can be adjusted while still protecting consumers.

The trade body wants to see clear requirements and targets for energy efficiency and low-carbon heating for homes to drive changes in the energy system, and for local partnerships to be “empowered” to deliver a...

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Government defends decarbonisation record

Energy Minister Claire Perry has used a speech to MPs to defend the UK Government’s decarbonisation record in the face of criticism from the Extinction Rebellion (XR) protestors and School Strikes founder Greta Thunberg.

Perry reminded the House of Commons about her administration’s Clean Growth Strategy, the Offshore Wind Sector Deal and the launch of the international Powering Past Coal Alliance.

She defended the UK’s record of cutting emissions by 42% since 1990 while still growing the...

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Carbon capture crucial to cut emissions MPs warn

The UK Government has been told it must set out a clear policy direction for carbon capture, usage and storage (CCUS) to help meet emissions targets.

The House of Commons’ Business, Energy & Industrial Strategy (BEIS) Committee’s “Carbon Capture, Usage & Storage: third time lucky?” report highlighted the role CCUS could play in supporting productivity growth outside London and the south east of England.

Anna Turley, Labour MP for Redcar and a member of the BEIS Committee, said: “The...

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UK businesses speed up shift to clean energy

Hundreds of extra charging points for electric vehicles are to be installed around the UK after two of the country’s biggest companies pledged to join The Climate Group’s roll out programme.

Royal Bank of Scotland (RBS) will install 600 charging points by 2030, while Landsec will fit chargers at all its retail and leisure properties.

The companies have become the first two to join all three of The Climate Group’s schemes focused on electric vehicles (EV100), energy productivity (EP100), and...

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30/04/2019 - Sector Round Up

Fracking ‘tsar’ quits

The UK's shale gas commissioner is to step down after just six months in the post, arguing that rules on tremor limits were effectively banning the practice.

Former Labour MP Natascha Engel said the cautious approach to tremors had created a de facto ban on fracking.

In her resignation letter, she said the Government was "pandering to what we know to be myths and scare stories" about shale gas extraction.

> Find out more

 

GE unveils world’s largest turbine

A...

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Harnessing AI in energy grid could slash emissions

Better harnessing of artificial intelligence (AI) technology in energy grids could have a significant impact on the shift to a lower carbon economy, according to a new report.

The report by PwC UK looked at the global economic and environmental gains offered by AI by 2030, modelling scenarios for its use across four sectors – energy, agriculture, transport, and water.

It estimates that using environmental applications of AI in the sectors could contribute up to $5.2 trillion to the global...

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Crown Estate hails offshore wind progress in 2018

Almost 2,000 offshore wind turbines are now operational around the coast of the UK, according to new figures from The Crown Estate.

The organisation, which manages the seabed around the country, has published its seventh annual Offshore Wind Operational Report, tracking the sector’s progress in 2018.

It said the figures “picture a maturing industry which is making an ever growing contribution to the UK energy mix.”

There are now 1,931 fully operational offshore wind turbines on the UK seabed ...

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