investment
Gas
ENA launches election wish list for net-zero
As the general election campaign moves up a gear, energy network companies have called on political leaders to commit to taking bold action to achieve net-zero.
Gas
“Awards help us to understand the art of the possible”
Paul Jordan, business lead for the Innovator Support Platform at the Energy Systems Catapult, will be joining the Network Awards 2020 judging panel. We asked him how he sees the role of awards events amid the wider challenges the sector faces.
Heat
Adopting new technology: the view from Senergy
In our latest interview with small and medium size enterprises (SMEs) on their work with the networks, Network speaks to Senergy chief executive Christine Boyle MBE.
Power
Aberdeen set to benefit from £10m electricity network boost
Scottish and Southern Electricity Networks (SSEN) is set to spend £10 million on improving the electricity network in Aberdeen and the city's surrounding areas.
Gas
National Grid sets out RIIO2 spending plans
National Grid will spend £7.4 billion on electricity transmission over the RIIO2 price control period, according to figures unveiled in its draft business plan which has been submitted to Ofgem's RIIO2 Challenge Group.
Power
SSEN continues work on £8m Reading upgrade
Scottish and Southern Electricity Networks (SSEN) has outlined the next phase of an £8 million investment to support electricity infrastructure resilience in Reading.
Gas
Scottish Power announces record £2bn UK investment
Scottish Power will spend up to £2 billion on clean energy in the UK over the course of 2019.
Customers
NIC seeking views on regulation of essential services
The National Infrastructure Commission (NIC) is seeking views on what future changes may be required to improve regulation of the energy, telecoms and water industries.
Power
Faraday Grid attracts £25m investment
Faraday Grid, the global energy technology company, has announced that Adam Neumann, co-founder and CEO of WeWork, has made a £25 million investment in the company.
Technology & Operations
£350m financing will support network investment in NI
NIE Networks has secured £350 million of financing to support electricity network investment in Northern Ireland.
Power
Investment in north west’s power network continues
Electricity North West has invested £270 million in strengthening the power network since Storm Desmond hit the region two years ago.
Gas
North-south divide driving transmission investment
National Grid has identified potential network capacity deficits arising from increasing north-to-south electricity flows in Scotland and England.
Gas
North-south divide driving transmission investment
National Grid has identified potential network capacity deficits arising from increasing north to south electricity flows in Scotland and England.
Heat
SSE calls for further measures to support district heat
One of the UK’s leading heat network providers SSE has welcomed the announcement of a £39 million funding scheme to support district heat development, but said further measures are needed.
Heat
£39m pilot launches heat networks investment project
The first stage of the £320 million Heat Networks Investment project announced by the government last year has been launched with a £39 million pilot scheme.
Strategy & Management
DNOs need ‘real credit’ for innovation work, says ENW boss
There is a “need to explore” ways of allowing DNOs to make returns on their innovation work, Electricity North West chief executive Peter Emery has told Network.
Heat
Low Carbon invests in district heating to develop replicable finance model
Renewable energy investment company Low Carbon has invested in district heating consortium Energy Networks (Europe) (ENE) to fund a scalable development and financing model for district heat networks.
Strategy & Management
Political uncertainty is biggest challenge for energy
The Energy Institute annual barometer report has revealed the key challenges as seen by the sector
Gas
PipeCo: could it work?
Attracting investment may demand more than just a framework – it could need a whole new business model.
Gas
District heat: an attractive investment?
District heat networks are expected to supply a significant proportion of the UK's heating needs, but first the sector needs to attract institutional investment.
Power
UKPN completes £27 million power tunnel
UK Power Networks has finished work on a new electricity ‘superhighway’ beneath London.
Power
Powervault extends investment campaign to meet demand
Domestic energy storage company Powervault has extended its crowdfunding investment campaign by two weeks despite already amassing £500,000 more than its original target.
Power
Powervault surpasses £1m of investment on Crowdcube
Energy storage company Powervault has amassed £1 million of investment through its latest crowdfunding campaign, with two days left to go.
Strategy & Management
Camborne targets storage rollout through strategic partnership
Large-scale energy storage developer Camborne Energy Storage has announced two new partnerships to drive a “significant” rollout of energy storage in the UK over the next two years.
Gas
Innovation investments top £15.7 million for EIC
The Energy Innovation Centre (EIC) has facilitated £3.2 million of investment in innovation projects in the last 12 months while growing its innovator community to over 1600 companies, the EIC has revealed.
Power
Powervault gears up for smart meter rollout with new storage system
Domestic energy storage company Powervault has launched the second generation of its energy storage system, to prepare for the introduction of smart tariffs.
Gas
Virtual energy storage startup get £500,000 seed funding
UK start-up Upside has secured £545,000 from angel investors to expand its enterprise and bring its virtual energy storage proposition to market.
Power
SHET secures £500 million for major transmission link
Scottish Hydro Electric Transmission has secured a £500 million loan from the European Investment Bank to support the reinforcement of the transmission network in the north of Scotland.