Finance and investment

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Octopus utilises Nest fund to acquire biomass portfolio

Octopus Renewables has acquired two biomass plants in one of its first deals to be backed by the government’s workplace pension scheme.

4 years ago

PAC urges Treasury to set out net zero vision

The Treasury is being too slow in working up its net zero funding review, Parliament’s Public Accounts Committee (PAC) has warned. By COP26, which is scheduled to take place in November, the PAC recommends that the Treasury should set out a clear vision of how it will work to help the UK achieve net zero.

4 years ago

WPD spearheads combined approach to local energy planning

A consortium led by Western Power Distribution (WPD) is working to create a combined approach to local energy planning to help local authorities and network companies achieve net zero. The Energy Planning Integrated with Councils (EPIC) project is being trialled in three areas in South West England and will seek to develop an agreed process for identifying and analysing energy plans in relation to the increased uptake of low carbon technologies.

4 years ago

National Grid calls for creation of a heat delivery board

4 years ago

Pure Planet edges towards profitability

4 years ago

Calls for cost of net zero to be clarified

The government should cost the decarbonisation of the UK when it publishes the long-awaited final report of its net zero review, the Treasury select committee has urged.

4 years ago

Octopus Energy to launch into hydrogen market

4 years ago

Everflow sets out growth ambitions

Everflow has set out plans to double its staff and increase turnover to £240 million in the next five years by focusing on its technology platforms after securing financing from the Northern Powerhouse Investment Fund.

4 years ago

Accelerating towards investment planning excellence – Affinity Water’s story

Date: 13/05/2021 10:00 am

Electricity North West reveals £2bn business plan for RIIO ED2

4 years ago

Good Energy offers free EV charging with ToU tariff

4 years ago

Current system ‘doesn’t value storage and flexibility’

4 years ago

Industry calls for VAT on green products to be axed

Bulb chief executive Hayden Wood and REA boss Nina Skorupska are among 32 industry figures who have written to Boris Johnson urging him to scrap VAT on green products. While the letter states the sector was “encouraged” with the chancellor pledging investment in green infrastructure projects in the recent budget, it said there was disappointment at the “lack of policies to help people play a part in reaching net zero”.

4 years ago

EDF sells West Burton B gas plant to EIG

EDF has agreed to sell its West Burton B combined-cycle gas turbine (CCGT) power station to investment firm EIG for an undisclosed sum. The deal also includes a 49MW battery system at the site in Nottinghamshire.

4 years ago

Wessex acquires Albion Water

Wessex has taken full ownership of Albion Water, having first invested in the company in 2016. Wessex exercised its option of buying the remaining 49 per cent stake in the New Appointment and Variation (NAV) company from Water Level.

4 years ago

SSE and Equinor announce ‘world first’ blue hydrogen power plant

4 years ago

Anglian sets out £630m investment for 2021

Anglian has set out how it will spend £630 million from 2021/22 across its region with a focus on leakage, strategic infrastructure projects and protecting waterways including chalk streams.

4 years ago

March sees highest ever demand for plug-in vehicles

More plug-in vehicles were registered in March than ever before, the latest figures from the Society of Motor Manufacturers and Traders (SMMT) show. Pure electric and plug-in hybrid vehicles took a combined market share of 14 per cent, up from just over 7 per cent per cent last year as the number of models available to customers increased from 72 to 116. Meanwhile, Octopus Electric Vehicles has announced the launch of a new leasing service which offers a salary sacrifice scheme to employees.

4 years ago

A busy month for CMA watchers

The past month has seen announcements on the three sets of appeals that should be on a Competition & Markets Authority (CMA)-watcher’s radar – the granting of permission on the RIIO2 appeals, the final decision on PR19 in water and the decision on the rather obscure SSE code modification appeal. Maxine Frerk picks through the pertinent points and discusses the next steps.

4 years ago

CMA panel for RIIO2 appeals announced

4 years ago