NextEnergy Solar, Eelpower create £200m UK battery storage venture
NextEnergy Solar Fund (NESF) and Eelpower have extended their UK battery storage partnership with a new £200m (€236m) investment venture. London-listed NESF said it will hold a 75% stake in Joint Venture Partnership 2 (JVP2) with Eelpower owning the remaining…
Energy price inflation: how the UK and EU could fight
Governments across Europe have been funding relief measures to help people with energy and petrol bills. The UK announced a £15bn package in May, largely in the form of cash payments to households, while EU member states are estimated to have spent €280bn (£243bn) over the past year on everything from subsidies and price caps…
Aquila Capital buying 440MWh of battery storage projects in South
E22’s VCUBE vanadium flow battery energy storage solution. Image: E22 / Gransolar. Sustainable investment manager Aquila Capital will acquire a pipeline of large-scale battery storage projects in development in Australia, from Spain’s Gransolar Group. Gransolar’s dedicated energy storage subsidiary E22,…
British Michelin-starred chef warns of surging energy prices in the
British restaurant owner Tom Kerridge said one of his businesses faces a “ludicrous” 600% increase on its energy bills. The Michelin-starred chef said he was quoted £420,000 to supply energy for a year at one of his smaller locations, up from £60,000. He warned the surging prices will cause other venues to “shut it all down and reopen…
UK battery storage capacity to be boosted by £200m venture
Monday 12 September 2022 12:59 pm Glassenbury battery storage park in Kent. Specialist energy storage trust NextEnergy Solar Fund has announced a £200m venture with sustainable electricity firm Eelpower to strengthen the UK’s battery storage capacity. The company’s first 50MW…
Energy groups call for Covid-style support for UK business as
Energy companies, including Shell, Centrica and Ovo, have called on the UK government to introduce Covid-style support schemes to help businesses cope with soaring gas and electricity bills.In a letter to chancellor Nadhim Zahawi on Friday, industry lobby group Energy UK, which represents about 100 suppliers and retailers, said it was concerned that the tenfold…
UK energy price hikes threaten half of small businesses with
More than half of small companies in Britain fear that rising energy costs coupled with crippling inflation will force them to close. The Federation of Small Businesses (FSB) reports that 53 percent of firms expect to collapse, shrink or, at best, stagnate over the next year. The FSB has warned of “a generation of lost…
NGK to install sodium-sulfur battery storage at former LNG facility
Rendering of containerised NGK NAS battery storage. Image: NGK Insulators. A large-scale sodium-sulfur (NAS) battery energy storage system made by NGK Insulators will be installed at a former LNG terminal in Japan. Toho Gas, an integrated utility company serving 54…
How do household energy bills compare across Europe?
The average UK household electricity price is at least 30 per cent higher than in many of its European neighbours, with the country’s greater reliance on natural gas for power generation hitting consumers hard.Europe is experiencing a continent-wide energy crisis caused by reduced oil and gas flows from Russia, but the direct impact on households…
UK’s NextEnergy Solar Fund in US$233 million battery storage partnership
A NESF solar power plant, pictured in 2019. Image: NextEnergy Solar Fund. London Stock Exchange-listed NextEnergy Solar Fund (NESF) has reiterated its commitment to expanding energy storage and solar capacity with the launch of a joint venture partnership with developer…
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