SmartestEnergy in running for top award

SmartestEnergy’s certified 100% renewable electricity supply has been named as a finalist in the prestigious BusinessGreen Leaders Award 2017.

BusinessGreen editor-in-chief James Murray. "The awards were as competitive as ever with many categories over-subscribed with high quality entries.

The awards will take place on the evening of June 28 at The Brewery in Central London.

> See all the finalists

H&M in ‘climate positive’ pledge

Clothing retailer has pledged to become “climate positive” by 2040.

The company sourced 96% of its electricity from renewable sources in 2016 and now wants to step this up to 100%.

H&M has also committed itself to using 100% recycled or other sustainably sourced materials by 2030.

> View H&M's announcement

Hydro project in fundraising success

Aberdeen Community Energy (ACE) has raised £600,000 by selling bonds, five days ahead of schedule.

When combined with £500,000 from the sale of shares and £150,000 invested by Highland Eco-Design, ACE has now raised £1.25 million for the project.

The organisation will finance, own and manage the project on the River Don.

> Find out more about the project

Work on storage project gets underway

German power firm E.ON has begun to install a 10MW battery at its biomass combined heat-and-power (CHP) plant at Blackburn Meadows near Sheffield.

David Topping, Director of Business Heat and Power Solutions at E.ON, said: “Batteries at this scale allow us to make best of all renewable energy sources by harnessing the energy and having it ready for use whenever it’s needed – increasing the share of renewable energy in the grid while at the same time providing a secure supply for our customers.”

The battery is expected to be operational later this year.

> See E.ON's statement

Former npower boss joins energy start-up

Paul Massara, the former Chief Executive at Npower, has been appointed as a director of Electron, a London-based energy “blockchain” development company, and has invested in the firm.
“Blockchains” are distributed databases that can continuously update records or “blocks”.

Electron wants to use blockchain technology to design more efficient, resilient and flexible systems for the energy sector, including platforms and services for new technologies such as distributed generation and storage.

> Read Electron's announcement