energy market

The National Infrastructure Commission (NIC) has urged the government to take up the “golden opportunity” to go green and ditch its nuclear vision in favour of cheaper renewables.

Solar and battery energy storage is to be used to power deliver local flexibility via a virtual power platform after UK Power Networks signed what is thought to be the first commercial contract of its type using residential assets.

Solar capacity is set for a 17-fold increase globally by 2050 owing to falling technology costs, particularly in battery energy storage, and a decline in the levelised cost of electricity (LCOE), according to a new report from Bloomberg New Energy Finance (BNEF).

Subsidy-free solar farms are at risk of failing to be viable on the wholesale market owing to ‘price cannibalisation’ during periods of high output, according to a new report by consultancy Cornwall Insight.

ESB has completed a Tesla battery storage installation for Ardagh Glass in Scotland on a ‘no-money-down’ offer, providing a further indication to the UK storage market’s focus on C&I projects.

BP has placed its recent acquisition of a major stake in Lightsource at the heart of its future low carbon efforts, offering only to cut emissions from its own operations rather than transition away from the polluting fuels it sells.

Regulatory divergence from the standards of the European Union will threaten the growth of the UK’s low carbon sector post-Brexit, a leading green think tank has warned.

Over 9,000MWh of battery energy storage could be deployed in Britain over the next five years as the sector enjoys a trend towards “explosive growth” driven largely by the country’s clean energy transition, a market analyst has said.

Moixa has made greater strides into the Japanese market after securing £5 million investment from trading house Itochu, which will install the British company’s GridShare aggregation platform as standard on its own home battery product.

Northern Powergrid (NPg) has unveiled an £83 million plan to upgrade thousands of substations that will allow more solar to connect to its network without the need for costly upgrades.