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Over 1.8GW of energy storage clears in ISO New England’s latest Forward Capacity Auction
Plus Power, developer of the Sierra Estrella Energy Storage project in Arizona (pictured recently under construction) was among the winners of the ISO’s 18th FCA. Image: Plus Power Results of the 18th Forward Capacity Auction (FCA) held by ISO New England have been filed, with energy storage...Read more -
FirstGroup secures £150 million for 1,000 zero-emission bus fleet
ByOttilie Von Henning FirstGroup secures £150 million funding package to electrify 1,000 UK buses. Image: CNW Group/Alexander Dennis Limited. FirstGroup, a private sector transport operator, has secured a £150 million green finance facility led by Lloyds Bank to add 1,000 zero-emis...Read more -
Monta raises £68 million Series B funding, as it targets 80% UK growth
ByLena Dias Martins Monta’s CEO Casper Rasmussen. Image: Monta. Electric vehicle (EV) charging operating platform Monta has announced the close of its €80 million (£68.1 million) Series B funding round as it eyes 80% growth in the UK market. Headline, byFounders, AENU and C...Read more -
Good Law Project to launch legal challenge over government’s onshore wind planning rules
ByGeorge Heynes The government announced plans to “ease” the de facto ban with new changes to the planning system. late last year. Image: Ed White (Pixabay). Not-for-profit organisation Good Law Project is set to take legal action against the UK government over its policy on onshore...Read more -
New installation vessel to set ‘new standard’ for floating offshore wind environmental performance
ByLena Dias Martins Other members of the consortium include: Solis Marine Engineering, First Marine Solutions and Celtic Sea Power. Image: Morek Energy. A consortium led by Morek Engineering has received funding to design a new low-carbon installation vessel said to “set a new stand...Read more -
Octopus Energy, National Grid partner to accelerate domestic renewable installations
ByOttilie Von Henning Octopus Energy and National Grid partner to speed up domestic renewable technology installations. Image: Viridian Solar Octopus Energy and National Grid have partnered to speed up the installation of heat pumps, electric vehicle (EV) chargers and solar panel...Read more -
Octopus Energy Group FY23 revenues triple with 197% YoY growth
By Ottilie Von Henning UK-based energy supplier, Octopus Energy Group, has reported a 197% year-on-year (YoY) increase in revenues for FY23, contributing to a 1.6% profit margin. The company had a successful year, boasting £203 million in net profit and doubling its net assets by 1...Read more -
EU Market Survey on PV Deployment: Record Growth With Subdued Outlook
Trend Paper – January 29, 2024 According to the EU Market Outlook for Solar Power 2023 – 2027 published by the European solar association SolarPower Europe, Member States of the European Union (EU) have experienced another record year for PV deployment in 2023. For the third year in a row, the ...Read more -
“We need more intelligent metering systems”
Expert Interview – January 22, 2024 An excess supply of renewable electricity at peak generation times leads to price cannibalization. When the supply is greater than the demand, negative electricity prices are the consequence, i.e. the monetary value per kilowatt hour (kWh) on the electricity ...Read more -
Transforming Parking Lots Into Solar Power Plants – The Huge Potential of Parking Lot PV
Munich/Pforzheim, September 12, 2023 – Parking lot photovoltaics (parking lot PV) can transform parking lots belonging to companies, private households and local authorities into solar power plants. There is huge potential here to generate green electricity and make dual use of sealed surfaces. N...Read more -
Drivers of the Portable Battery Storage Market
Munich/Pforzheim, January 2024 – Electricity anytime, anywhere: More and more customers are showing interest in portable battery storage systems. Among them are homeowners, tenants, campers and people who organize outdoor events with no grid-supplied power. This trend is gaining momentum around t...Read more -
Solar Start-Ups Present Solutions for Trade and Industry
For a long time, photovoltaics (PV) played a subordinate role for trade and industry in Germany: due to a lack of incentives and misguided political measures like for example low commercial electricity prices led to a reluctance of this segment to invest in solar systems. Bureaucratic hurdles suc...Read more