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.
By Callum Macpherson, head of commodities at Investec
Electricity grids, distribution and generation infrastructure, form highly complex systems. Traditionally, grids have been built around controllable fossil generation supplied to end consumers at fixed prices.
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.
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.
The National Energy System Operator (NESO) has today concluded that the UK government’s mission to decarbonise the electricity grid by 2030 is “achievable”.
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.
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.
The "independent" National Energy System Operator (NESO) starts its mission to deliver a "safe, secure and affordable energy system capable of supporting net-zero".
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.
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.
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.
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.
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-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.
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.
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.
Investment firm Harmony Energy Income Trust (LON:HEIT) has energised two battery energy storage systems (BESS) in England representing 166 MWh capacity.