The Informer

This week's headlines: costs of lithium-ion battery storage are set to halve by 2030; the last coal-fired power station in Wales is marked for closure; and new figures reveal that the UK installed more offshore wind than any other country in the first half of 2019.

  • Energy storage to surge as costs halve

    Demand for storage assets and electric vehicles is poised to cut the cost of lithium-ion batteries in half by 2030, according to a new report. Bloomberg New Energy Finance (BNEF) said the fall would come on top of the 85% cost reduction already seen between 2010 and 2018.

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  • Last coal-fired power station in Wales set to close

    The last coal-fired power station in Wales is now set to close in March, in a move which will leave just four coal plants operating in the UK. RWE are proposing to close the 1.56GW Aberthaw B Power Station in the Vale of Glamorgan on 31 March, blaming poor market conditions.

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  • UK named as world offshore wind leader

    Installing 931MW of capacity during the first half of the year helped the UK to become world number one for installing offshore wind energy, according to new statistics. The UK’s total – including part of Hornsea 1, which will become the world’s largest wind farm when it reaches full power at 1.2GW – helped Europe to install 1.9GW of offshore wind capacity during the opening six months of this year.

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  • Ofgem consults on network funding requests

    Ofgem is consulting on requests by several energy network companies for adjustments in funding under the RIIO-ED1 price control period, which runs from 2015 to 2023. Network companies have submitted 12 funding requests, with a total value of £322 million. The regulator is now consulting on its proposal to allow those companies to recover approximately £75m.

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  • Corbyn urges fracking ban

    Labour Leader, Jeremy Corbyn has called for Prime Minister, Boris Johnson to immediately ban fracking for shale gas. The Department for Business, Energy & Industrial Strategy said: “Independent climate experts have recognised natural gas has a role to play as we meet our 2050 net zero emissions target – now firmly set in law.”

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