Latest news
Habitat Energy and Gresham House conclude UK’s largest merchant battery storage tie-up
Habitat Energy has announced that it has successfully reached an agreement with the Gresham House Energy Storage Fund to optimize 74 MW of Energy Storage System (ESS) projects in the UK. The multi-year agreements comprise three existing projects: a 20-MW ESS in Wiltshire, a 5-MW ESS in Wolverhampton and the recently-commissioned 49-MW ESS project located on the Red Scar Business Park outside Preston which the Fund acquired on 31 December 2019.
read more... 27/01/2020
British Gas owner Centrica loses another 107,000 energy customers
British Gas owner Centrica (CNA.L) on Thursday said that it lost a further 107,000 customers from its struggling energy supply business in the four months to October, even as it told investors that the decline was “significantly lower” than it had been last year.
read more... 21/11/2019
NTT to spend 600 billion yen on own grids for power business
Nippon Telegraph and Telephone has decided to build its own power grids. Japan's largest telecom company plans, beginning in the year ending March 2021, to sell electricity from storage batteries at its roughly 7,300 office buildings around the country, mainly to hospitals and factories.
read more... 12/11/2019
Daily (07.11.2019): EUAs fell by around 2.8% on Wednesday due to strong auction supply and concerns over a slowing economic growth in the EU
Crude oil prices retreated on Wednesday, weighed by a higher-than-predicted rise in the U.S. crude inventories. Reports showing a sluggish growth in Germany’s services sector and Eurozone business activity close to stagnation put more pressure on the market. As a result, Brent crude traded 1.9% lower at $61.74 a barrel, while WTI futures sank by 1.5% to $56.35 a barrel.
read more... 07/11/2019
EU coal power plants incurred €6.6 billion losses in 2019, study reveals
"Coal is no longer a profitable business. This is partly due to rising fuel costs, but also increasingly fierce competition from renewable energies. Low gas prices, in particular, are putting the coal business under pressure," Sriya Sundaresan, one of the study's authors, told EURACTIV.
read more... 28/10/2019