Centrica unwraps 49MW fast-response battery ahead of Christmas

21/12/2018 09:31 Energy Market


Centrica has unwrapped its new 49MW fast-response battery ahead of Christmas.


The energy giant built the Roosecote battery on the site of a former coal-fired power station in Cumbria.


It claims the facility is one of the largest battery storage units in Europe – it can come online in less than a second to meet fluctuations in demand and store enough power to supply around 50,000 homes.


The project, which took 18 months to complete, is part of Centrica’s £180 million investment into flexible power.


Mark Futyan, Distributed Power Systems Director at Centrica Business Solutions, said: “The Roosecote site is truly unique, having been home to the latest technology of its time and is an exemplar of the transition we’ve made from dirty coal to cleaner, more flexible power.”


Source: www.energylivenews.com

Daily (16.01.2019): Brent crude jumped by 2.8% on Tuesday due to China’s potential fiscal stimulus

16/01/2019 11:13:00

Oil prices jumped on Tuesday as China plans to implement fiscal measures aimed at stabilizing country’s slowing economy. Moreover, output cuts by OPEC and Russia also boosted prices. Brent crude rose by 2.8% to 60.64 USD/bbl, while WTI crude was up by 3.2% settling at 52.11 USD/bbl


Russia’s Looks To Build ‘LNG Island’ To Supply Booming Asian Market

16/01/2019 09:25:00

While Russia’s gas giant Gazprom is working to complete the Power of Siberia gas pipeline expected to begin delivering gas to China in December 2019, another Russian company—the country’s biggest liquefied natural gas (LNG) producer Novatek—is looking to boost LNG supply to the growing Asian market.


Equinor to drill seven new wells at Gullfaks to recover even more resources

16/01/2019 09:22:00

Norwegian oil and gas major Equinor and its partners have decided to drill seven new wells at Gullfaks field located offshore Norway and improve oil recovery by 17 million barrels.