IRENA report identifies key innovations in energy policy

A new report from the International Renewable Energy Agency (IRENA) has been released, detailing a list of innovations in energy. Published on Tuesday 19 February, the report categorised 30 innovations from around the world across four dimensions: enabling technologies (battery storage, electrification and smart grids), business models (aggregators, energy-as-a-service), market…

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Energy storage company receives £25mn investment

Energy storage and flexibility services company Zenobe has announced that it has received a £25mn investment from Japanese power companies Jera and Tepco. In the Tuesday 19 February press release, Zenobe said that this investment would support the expansion of its electric vehicle charging batteries services for bus fleet operators.…

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Port now powered by 1.1MW solar installation

The Port of Goole, in The East Riding of Yorkshire, is now powered entirely by a 1.1MW solar installation. Associated British Ports (ABP) made the announcement on Friday 15 February that the port’s 14-week, £1mn project to install 4,341 solar panels across four rooftops means that it can now be…

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Centrica announces new investements in home IoT and flexibility

Centrica has announced that it is investing in a home energy management solutions company, GreenCom Networks, which has developed an Internet of Things (IoT) platform which helps households save money through flexibility. Centrica also said in the Monday 18 February press release that it has invested in Mixergy to support…

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BP predicts renewables will be main power source by 2040

The BP Energy Outlook 2019 was published on Thursday 14 February and predicted that renewables would become the world’s main power source by 2040. Global energy demand was predicted to increase by around one-third by 2040, driven by improvements in living standards, particularly in India, China and across Asia. Additionally,…

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Mitsubishi takes 20% stake in OVO

Mitsubishi has struck a deal with OVO to provide a “strategic investment” in return for taking a 20% stake in the supplier. As reported by the Financial Times, the investment is worth £216mn and values OVO at around £1bn. In a Thursday 14 February statement, OVO said that Mitsubishi’s investment…

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Government announces Zouk Capital as manager of £400mn EV charging fund

The government has announced that private equity and infrastructure fund manager Zouk Capital has been chosen to manage the £400mn Electric Vehicle (EV) Charging Infrastructure Investment Fund (CIIF). Announced on Tuesday 12 February, half of the £400mn will be raised from the private sector and matched by the government. The…

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BEIS announces increased funding for CCUS grant

BEIS has said that it will be increasing funding for carbon capture, usage and storage (CCUS) projects from £15mn to £24mn. In an announcement on Tuesday 12 February, BEIS explained that the increase comes in response to a review in January and the number of strong applications received to apply…

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Local level energy efficiency projects awarded £1.2mn

BEIS has announced £1.2mn of grant funding for six organisations working on energy efficiency supply chain projects at a local level. Announced on Thursday 7 February, the fund comes in response to a government review of the energy efficiency market, which identified both the demand and supply side barriers to…

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A new report from @IRENA has detailed a list of innovations in energy. Published on 19 February, the report categor… hours
The latest @EnergyUKcomms monthly switching statistics have been published, showing a fall in the number of electri… hours
It has been announced by ABP that the Port of Goole, in The East Riding of Yorkshire, is now powered entirely by a… hours
It has been announced by @AshfordCouncil that it has agreed to a proposal for a 9MW solar farm project in Shadoxhur… day
It has been announced by @centricaplc that it is investing in a home energy management solutions company, @GCN_News… days