SSE unveils half year profits boost to £715 million
SSE says it has "the most attractive renewables opportunities in one of the world's most attractive markets".
Grid & Retail
SSE boss Alistair Phillips-Davies announces retirement
Longstanding SSE (LON:SSE) chief executive Alistair Phillips-Davies will retire from the firm next year after 11 years in the role.
Ofgem approves five undersea interconnectors
The UK’s Office of Gas and Electricity Markets (Ofgem) has approved five new undersea energy links. In total, the newly approved projects are expected to boost the UK’s energy export and import capacity by over 6 GW, increasing it to over 18 GW by 2032, provided all of the approved links are completed as scheduled.
Union demands nationalisation of National Grid as profits rise
National Grid (LON:NG) reaped a 14% hike in underlying profit in the first half of 2024, prompting calls from the UK’s major union Unite for it to be nationalised.
SSEN submits planning application for massive substation near Peterhead
SSEN Transmission has submitted a planning application for a 570-acre substation hub near Peterhead.
Centrica boss Chris O’Shea says government must avoid ‘perverse incentives’
Centrica's chief executive Chris O’Shea has warned that the UK government must avoid “perverse incentives” that encourage grid operators to leave power capacity unused.
National grid operator says clean power mission is ‘achievable’
The National Energy System Operator (NESO) has today concluded that the UK government’s mission to decarbonise the electricity grid by 2030 is “achievable”.
Consultation begins on plans to speed up grid planning process in Scotland
The Scottish and UK governments have launched a consultation to reform and streamline the grid planning process.
Energy transition requires extra $1.75tn a year – report
Global investment in the energy transition must double to $3.5 trillion a year to keep global warming below catastrophic levels, according to a new report by analytics and consultancy firm Wood Mackenzie.
Ministers ‘misled’ on environmental impact of new power plant, campaigners claim
Ministers have been “misled” over the environmental impact of a proposed new gas-fired power station in Aberdeenshire, environmentalists have claimed.
UK National Wealth Fund to ‘turbocharge’ green technology
The new National Wealth Fund will boost UK investment in green technology, according to business and trade secretary Jonathan Reynolds.
REPD reveals plans for battery project near Kintore substation
RE Projects Development (REPD) has revealed plans to develop a battery energy storage system (BESS) in Kintore, Aberdeenshire.
Partners aim to eradicate worst greenhouse gas SF6 from grid transmission system
A project to replace the use of sulphur hexafluoride (SF6), one of the worst known greenhouse gases which is widely used across the UK's electricity transmission network, has been launched.
Time is running our to solve the poisonous SF6 UK grid dilemma
SF6 is the most potent known greenhouse gas on earth so why is it still being used in UK's electricity transmission network?
NESO should be ‘Bank of England’ for energy
The "independent" National Energy System Operator (NESO) starts its mission to deliver a "safe, secure and affordable energy system capable of supporting net-zero".
Grid-locked: can NESO be the silver bullet to unlocking capacity crisis?
A mismatch between supply and infrastructure has led to severe delays — up to a decade in some cases —for renewable energy projects looking to connect to the UK’s energy grid which is struggling to keep pace with rapid growth.
‘King coal is dead’: End of an era as UK switches off coal
The UK has become the first G7 nation to completely phase out coal power, bringing to an end a 142-year era of burning the fossil fuel for electricity generation.
Construction begins on 2GW Scotland-England transmission cable
National Grid and SSEN Transmission have broken ground on the Eastern Green Link 2 (EGL2) subsea transmission cable that will connect Peterhead in Scotland to Drax in England.
GE Vernova boosts HVDC manufacturing capacity in England
US energy giant GE Vernova (NYSE: GEV) has completed an expansion of its grid solutions business in Stafford, England to meet growing demand for high-voltage direct current (HVDC) cable in the offshore wind sector in the UK as well as Europe, Asia and North America.
Beauly-Denny power line has had ‘no impact’ on property prices
House prices along the Beauly-Denny transmission line have grown at similar rates to others in the region, suggesting the project’s pylons have had minimal negative effects on property values, new research has said.
UK gas plants kept offline by wind and solar
UK gas-fired power plants are running at their lowest hours of operation since 2017 owing to high levels of wind, solar and imports from Norway and France into the national grid.
Ed Miliband says Labour will take on clean energy ‘blockers’
Net Zero Secretary Ed Miliband has vowed to “take on the blockers, the delayers, the obstructionists” to build clean energy infrastructure.
BEAMA launches quarterly report to boost electrification
UK trade association BEAMA has launched its first Market Pulse quarterly report with the goal of kickstarting its #AcceleratingElectrification campaign, aimed at boosting investment in the UK’s electrical manufacturing supply chain.
National Grid agrees £630m sale of electricity system operator to UK government
National Grid has reached an agreement with the UK government to sell its Electricity System Operator (ESO) for £630 million.
SSEN awards key contracts for Orkney-Caithness Link subsea cableproject
SSEN Transmission has awarded key contracts for a subsea cable project that will connect the Orkney Islands to the Scottish mainland for the first time.