Welcome to Titbits 2024. To use a corny football commentators expression “this one could go either way”. The energy transition is now into territory where a draw doesn’t cut it any more. One thing that can be guaranteed, however, is that most weeks Titbits will continue to provide carefully curated news in bite-size chunks UK … Read More
The first week of COP28 did achieve some progress, despite the oppressive presence of fossil fuel lobbyists. Weak oil and gas prices would seem to suggest that they are not having it all their own way. COMPANY NEWS Zenobē reveals £270 million investment from MubadalaBattery energy storage and EV fleet solutions provider Zenobē has received … Read More
From the green perspective the Chancellor’s autumn Statement was more notable for what he didn’t say rather than what he did. There was help for Corporate investment and a promise to cut grid delays (see below). However, there was nothing to help energy efficiency in homes, no address towards the looming Carbon Border Mechanism being … Read More
One aspect of doing this that I particularly like is when different stories create links with each other. An example this week is the announcement of the increase in auction prices for the next round of CfD auctions, which links with Octopus Energy’s announcement of a new offshore wind fund. Maybe Octopus’ timing is good … Read More
This week we look into the future; a future full of offshore turbines leaning into the wind, solar panels in space, EV’s charging in 10 minutes and fusion reactors suppling our baseload… I’m not sure that all of these future scenarios will actually transpire, but maybe we won’t need them if the more prosaic technologies … Read More
Ever get the sense that the Government giveth with one hand and taketh with the other? In a long expected but much delayed announcement last weekend DEFRA said that England and Wales would get compulsory weekly food waste collections from 2026. For the AD industry, definitely a “giveth”. COMPANY NEWS Northvolt eyes US$20bn Stockholm IPOSwedish … Read More
There is some kind of irony that the developed world put the CO2 into the atmosphere and Africa takes it out (see below) COMPANY NEWS Siemens Energy to deploy ‘first’ synchronous condenser-BESS hybrid project in IrelandIt pairs a synchronous condenser, including a flywheel, capable of injecting 4000MW of inertia into the grid, and a large … Read More
50,000 and counting. EV charging is not as scarce as some suggest. COMPANY NEWS Downing acquires land housing 200MW wind farmDowning LLP has acquired the land and associated lease income related to a 200MW operational onshore wind farm in the Scottish Highlands.This investment was made by Downing Sustainable Investment, a bespoke investment vehicle for UK … Read More
The third quarter in the UK saw record renewable generation once again, according to figures by EnAppSys: wind, solar, hydro and biomass together contributed 26.2 Terrawatt hours in the quarter. The increase was driven by 16TWh of wind power and also wholesale prices fell y/y by 12%. The Energy Transition continues to roll. COMPANY NEWS … Read More
COMPANY NEWS Lazard Asset Management takes stake in rooftop solar companyRooftop solar developer and owner Shawton Energy has seen a change in ownership. Iona Capital, the UK low carbon sustainable fund manager, has sold its interest in the company to a fund sponsored by Lazard Asset Management. As a result of the transaction, Lazard’s Sustainable … Read More
