Robin Hood Energy has announced it has made an operating surplus in its third year of trading. The company accounts, submitted to Companies House, have been independently audited to verify a trading surplus of £202,000.
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Holyrood’s Economy, Jobs and Fair Work Committee has invited the public and other stakeholders to give their views on the feasibility of a not-for-profit, publicly owned energy company.
Energy SRS’s Gensis project has received a £727,000 grant from Innovate UK.
The Gensis project uses a large mass, raising it when power is available and lowering it when the stored energy is required.
Community-owned energy co-operative Community Power Cornwall has acquired wholly owned subsidiary West Country Renewables for £1.34 million.
Industry groups have called on the government and Ofgem to incentivise network companies to prioritise the procurement of flexibility services before they take traditional reinforcement measures.
Next Energy Solar Fund (NESF), a specialist investment company for UK solar power plants, has acquired 10 operating solar plants with a total installed capacity of 66.8MWp.
Renewable energy strategy consultancy Almach has launched an online renewable energy procurement platform.
EDF Renewables has sold a 49% stake in its wind farms to Dalmore Capital and the Pensions Infrastructure Platform, which brings together UK local authority pension schemes. The cash proceeds to EDF at close for the 49% stake are £701 million.
Professor Martin Cave, the UK Government’s preferred candidate as the next chair of Ofgem, has passed muster after being scrutinised by the Commons Business, Energy and Industrial Strategy Committee.
Eelpower has acquired the recently-completed 20MW Rock Farm battery scheme from Anesco. Eelpower also acquired two storage projects that will be commissioned later this year – a 10MW scheme near Winchester and an 8MW scheme in Cumbria.