Tesla’s battery project in Australia with Neoen became “the world’s largest battery” when it was completed two years ago. Now it has been so successful that they are expanding it by 50%. The 100MW/129MWh Tesla Powerpack project in South Australiaprovides the same grid...
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Labour announces solar power hubs for 2,000 community buildings
The Labour Party has pledged to install solar power hubs on 2,000 buildings around the country if elected in December. These hubs will be on public spaces like libraries, community centres and one stop shops, and form a key part of the party’s Green Industrial...
Cornwall storage provides flexibility as Centrica’s LEM trading platform goes live
A Cornwall resident participating in the LEM. Image: Centrica Centrica’s LEM hits a new milestone as flexibility from solar-plus-storage is procured by both National Grid ESO and Western Power Distribution (WPD) on the same platform. This marks the first time in the...
UK will need 1,400GWh of energy storage for future energy system, new modelling reveals
Both heat and electric storage will play a large role in a low-cost scenario. Image: Sunamp “Significantly” more electric and thermal storage will be needed for a low-cost 2050 energy system than previously thought. This is according to findings from a new energy...
Foresight’s portfolio outperforms budget as company focuses on asset optimisation
Despite challenges to net asset value (NAV), Foresight Solar Fund’s portfolio continued to outperform budget as the company turned its focus to asset optimisation. Its portfolio performed 3.9% above budget due to strong irradiation as well as record asset...
UK lags behind in €124bn European low-carbon investment table
German-listed companies invest 11 times more in low-carbon investments such as electric vehicles, renewable energy and smart energy grids than UK firms. Photograph: Alamy British companies are lagging far behind their European neighbours in low-carbon investment after...
Net zero could be ‘the greatest commercial opportunity of our time’ but requires economic transition
Private finance will be “critical” to creating a net zero economy, according to Mark Carney, the finance adviser to the Prime Minister for COP26. In a speech following the announcement of his appointment yesterday (27 February), Carney, who also holds the...