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RES battery prevented complete blackout in the UK
On August 9, a thunderstorm caused 1.5 GW of generation capacity to go offline within seconds in the U.K. The incident caused millions of households to temporarily lose power but the situation could have been considerably worse if not for the country’s battery storage reserves.
Sep 9, 2019 // Storage, TESLA, UK, Australia, Europe, neoen, Oceania, RES battery
UK scientists find way to cut down indium
A research team led by the University of Liverpool has developed a transparent conductive oxide material to replace tin with molybdenum. The results demonstrated better performance and potentially lower material costs than the transparent conducting layers used in today’s commercial solar cells.
Sep 19, 2019 // Technology, UK, Europe, TCO, indium, Tim Veal, Liverpool University
Downing wins contract for 28 UK solar sites
Agreement with Yorkshire Water to design, develop and also operate sites with consolidated 21MW capacity
Aug 22, 2022 // Markets & Finance News, UK, Europe, Sean Moore, Downing LLP, Daniel Oxley
NTR begins work with UK landfill solar farm
The 58.8 MWp project in Essex has actually been acquired from REG Power Management
Aug 31, 2022 // Plants, Large-Scale, Commercial, UK, Europe, NTR, REG Power Management, RPM, Anthony Doherty, Andrew Whalley
UK company reveals solar power "trees".
UK firm SolarBotanic Trees Ltd on Tuesday offered its "solar tree" item, a huge parasol-shaped structure with PV panels that can produce electrical power for use in city and also domestic settings.
Sep 6, 2022 // Residential, UK, Europe, SolarBotanic Trees Ltd
RES secures green light for UK storage project
as safe electrical energy system; the durability of which is essential for the UK's future energy safety."
Spennymoor Energy Storage System has actually been
Sep 7, 2022 // Storage, UK, Europe, res
Unsubsidized 350 MW PV project in the UK
Hive Energy has actually been preparing the Cleve Hill Solar Park because 2017. It currently anticipates to safeguard last authorization from the U.K. Department for Business, Energy as well as Industrial Strategy by the end of this month.
May 15, 2020 // Plants, Large-Scale, Commercial, UK, Europe, hive energy, wirsol
Ethical Power turns sod on UK solar farm
45MW project in Herefordshire results from be commissioned in 2024
May 2, 2023 // Plants, Large-Scale, Commercial, UK, Europe, solar farm, Ethical Power
TagEnergy Funds UK's 100MW BESS Project
TagEnergy secures £70m debt package to finance 100MW battery energy storage system project in North Yorkshire. Tesla, Habitat Energy and RES to support construction of completed facility by mid 2024. CEO Franck Woitiez says innovative financing offers value and accelerating energy transition.
Oct 18, 2023 // Markets & Finance News, UK, Europe, tagenergy
Greg Skinner Acquires Stake in Ethical Power Group
UK renewable energy firm Ethical Power Group announced that private investor Greg Skinner has acquired a 50% stake from Hive Energy. This transaction includes a GBP 15 million ($18.6 million) working capital loan aimed at supporting the company’s growth. Skinner, co-founder of Quadrature Capital, will join Ethical Power’s board. Founder and CEO Thomas Kneen retains the other half of the business, which has expanded its operations internationally since Hive's investment in 2021, now active in countries like Spain, Italy, Greece, and New Zealand.Kneen emphasized that a new partner is essential for reaching their growth ambitions, with plans to launch projects in Italy and New Zealand while expanding their UK portfolio. Skinner expressed enthusiasm for Ethical Power's mission to decarbonize the grid and aligned values regarding sustainability. Ethical Power and Hive Energy will continue collaborating on joint projects in the UK, including Hive Ethical Project Development Ltd, where Hive retains a minority stake, and will explore future international opportunities.
What does Greg Skinner's investment mean for Ethical Power's growth and international expansion?
Here are some additional insights into what Greg Skinner's investment means for Ethical Power's growth and international expansion:
Increased Capital for Expansion: The GBP 15 million working capital loan provided by Skinner will be crucial for enabling Ethical Power to scale its operations, invest in new technologies, and accelerate project development timelines.
Enhanced Strategic Direction: With Skinner joining the board, Ethical Power will benefit from his experience and networks in the financial sector, potentially leading to more robust strategic initiatives that could open up new avenues for growth.
Focus on Decarbonization: Skinner’s commitment to ethical investment aligns with the company’s mission of decarbonizing energy. This shared vision could lead to more innovative project ideas that prioritize sustainability and attract like-minded investors.
Expansion into New Markets: Ethical Power's plans to launch projects in Italy and New Zealand indicate a clear strategy for international growth. Skinner’s financial backing could mitigate risks associated with entering new markets.
Joint Venture Potential: The continuation of collaboration with Hive Energy on joint projects in the UK may lead to the development of synergies that can be leveraged in international markets, enhancing project viability and sustainability.
Capacity for Diverse Projects: The acquisition will enable Ethical Power to diversify its project portfolio. Projects can range from wind and solar to energy storage solutions, accommodating varying energy needs in different geographical regions.
Increased Visibility and Credibility: Bringing in a well-respected figure like Greg Skinner may enhance Ethical Power's credibility in the renewable energy space, helping attract new partnerships, customers, and potential investors.
Talent Acquisition: With increased funding and a clear growth strategy, Ethical Power may seek to attract top talent in the renewable energy sector, further enhancing its capabilities and expanding operational excellence.
R&D Investments: The financial positioning may allow Ethical Power to focus on research and development, potentially leading to innovative energy solutions that set the company apart in a competitive market.
Regulatory Navigation: With Skinner's guidance and experience, Ethical Power may be better equipped to navigate the regulatory landscapes of various countries, facilitating smoother entry into international markets.
Long-term Sustainability Goals: A stronger financial footing can help Ethical Power pursue ambitious long-term sustainability goals, contributing to global efforts against climate change and promoting clean energy adoption worldwide.
These factors collectively position Ethical Power for sustained growth and impactful international expansion, enhancing its role in the renewable energy landscape.
Jan 3, 2025 // Markets & Finance News, Ethical Power Group, Greg Skinner
6 new solar projects revealed as part of Elgin-Foresight joint endeavor
project aims to deliver 200MW of clean power capacity on behalf of the UK's net absolutely no by 2050 target, the designers announced last week.
Peter
Sep 29, 2020 // Plants, Large-Scale, Commercial, UK, Europe, Elgin Energy, Ronan Kilduff, Foresight, Peter Bolton
Tigo Energy Crosses Threshold of 75 GWh of Collective Reclaimed Energy
option in the marketplace today. As a leading residential installer in the UK, it has helped boost our organization whilst providing the maximum efficiency
Feb 18, 2021 // Markets & Finance News, UK, Europe, Tigo Energy, Project Solar, Steve Wallace, JD Dillon
European storage market 'set to double in 2021'
of installations across Europe.
Key markets driving growth are Italy, the UK and the Nordics, the report stated.
The 5th version of the European Market
Mar 23, 2021 // Storage, Sweden, UK, Italy, Europe, Norway, EASE, Jon Ferris
London 'intending to lower land offered for solar'
from being created on agricultural land.
Discussing the report, Solar Energy UK CEO Chris Hewett said: "The UK solar industry is distressed by attempts
Oct 10, 2022 // Markets & Finance News, UK, Europe, Chris Hewett, solar farm, Guardian, Doug Parr
AIB invests in Irish solar designer
currently has a solar development pipe of 2.7 GW across Ireland, the USA, UK and also Australia, along with 23MW of running assets in the USA.
AIB's
Dec 21, 2022 // Markets & Finance News, Ireland, Europe, BNRG, AIB