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Bank announces it is working with Centrica to drive investment and development in crucial energy storage technologies through two new funds The UK Infrastructure Bank has announced plans to invest up to £200m across two investment funds to support the development of new energy storage projects, in a move which it said it hoped would "drive the country''s transition to a cleaner, greener and more resilient electricity network." Unveiled to coincide with the government''s sweeping package of ''Green Day'' announcements, the Bank said the new investment was in line with its plans to "find innovative ways to fund and increase the nation''s storage capacity". It revealed it is to invest £75m on a match-funding basis in the Gresham House Secure Income Renewable Energy & Storage LP (SIRES) fund, alongside a £65m investment from Centrica. The Bank added it has also committed to invest £125m on a match-funding basis into the Equitix UK Electricity Storage Fund. Gresham House''s fund will focus on developing the co-location of renewable generation and short duration energy storage facilities to help maximise grid connections, the Bank said.

It is hoped that the £900 million project will help the UK meet its net zero target by 2050.

FOR the first time in nine months, the national government (NG) posted a budget surplus of P45.75 billion in January as revenues outpaced government spending for the month.

THE Department of Budget and Management (DBM) said the national government allotted a total of P1.2 billion to improve the capacity and productivity of the country’s micro, small and medium enterprises this year.

Engineering technology company, Rawwater, has worked with National Grid to deploy its M3 molten metal manipulation technology, ‘M3CollarCast’, to seal Sulphur hexafluoride (SF6) leaks in substations without requiring outages.

The National Grid revealed that one of the ''winter contingency coal units'' has had to be warmed up to provide a back-up supply if wind turbines do not generate enough energy.

Anyone who participates in the National Grid Flexibility Service could get up to £20 off their energy bills. Since October 2022, households with typical energy usage have had to deal with an unprecedented 27 percent increase to their gas and electricity costs. What is the scheme? Households who qualify to take part are encouraged to […] Britons can reduce energy bills via National Grid scheme

Truck manufacturer Daimler has a production capacity of around 2000 electric semi-trucks per year. It has only deployed around 100 of them. Lack of charging infrastructure is slowing down adoption across the industry. Electric semi-trucks are ready to go. The technology is there, manufacturers have capacity to produce them, and demand is only going to increase. Sure, the batteries are a bit heavier than truckers might like, but that''s not what''s slowing down the deployment of electric semi-trucks on US streets. The problem is that there''s still no way of charging big fleets of them, according to Daimler Truck North America president and CEO John O''Leary. Daimler, the leading US heavy-duty truck manufacturer, unveiled the Class 8 Freightliner eCascadia, its first fully electric semi-truck, in May of 2022. Its current production capacity is around 2000 trucks per year and it wouldn''t be hard to double that number to 4000, O''Leary said in a recent media briefing reported by Trucknews.com .

The prizes will be awarded to customers participating in the firm''s scheme which supports National Grid''s Demand Flexibility Service The post Shell Energy launches monthly prize draw for customers reducing energy use appeared first on Energy Live News .

Steve Thomas fears some will boost their income at the expense of their health – using the money to eat instead of heat Smart meter owners will be grateful recipients of payments from National Grid if they reduce their electricity consumption at peak times during the current cold spell ( Households in Great Britain to be paid to use less electricity: how does it work?, 23 January ). While this might help keep the lights on, the risk is that low-income households who are already not consuming as much energy as they need to protect their welfare will take the opportunity to boost their income at the expense of their health – using the money to eat rather than heat. However, there is a potential stick to go with this carrot and that is the option of charging consumers more for electricity at peak times. This will only be possible when all consumers have smart meters. It is proving hard enough to convince consumers to install them without downsides becoming apparent. As with the current scheme, power demand will be reduced at peak time.

The prizes will be awarded to customers participating in the firm''s scheme which supports National Grid''s Demand Flexibility Service The post Shell Energy launches monthly prize draw for customers reducing energy use appeared first on Energy Live News .

Steve Thomas fears some will boost their income at the expense of their health – using the money to eat instead of heat Smart meter owners will be grateful recipients of payments from National Grid if they reduce their electricity consumption at peak times during the current cold spell ( Households in Great Britain to be paid to use less electricity: how does it work?, 23 January ). While this might help keep the lights on, the risk is that low-income households who are already not consuming as much energy as they need to protect their welfare will take the opportunity to boost their income at the expense of their health – using the money to eat rather than heat. However, there is a potential stick to go with this carrot and that is the option of charging consumers more for electricity at peak times. This will only be possible when all consumers have smart meters. It is proving hard enough to convince consumers to install them without downsides becoming apparent. As with the current scheme, power demand will be reduced at peak time.

Households have a chance to save as much as £20 on energy bills by taking part in this National Grid scheme.

TransAfam Power Ltd, a subsidiary of Transcorp Group, has announced the completion of the rehabilitation of its Afam 5 GT unit 20 Gas Turbine power-generating unit located at Okoloma – Afam, Ndoki in Oyigbo Local Government Area of Rivers State. The rehabilitated unit, which has been successfully commissioned and synchronised to the national grid, has […] read more Transcorp increases power generation to national grid

Households could be able to save up to £20 on their energy bills thanks to a National Grid scheme which is running tonight.