Battery storage fund Gresham House welcomes ‘scarcity pricing’ boost
Higher electricity prices is good news for Gresham which said volatility was "encouraging".
Higher electricity prices is good news for Gresham which said volatility was "encouraging".
From now to 2050, global electricity demand is set to double from current levels. At the same time, the world must reduce carbon emissions to make progress towards net zero. If we are to do this, the most pragmatic step we can take is to respond to the demand for power by building new plants while simultaneously decarbonising our existing energy infrastructure.
Investment in the world’s electricity grids must double to more than $600 billion a year if nations are going to meet their climate targets and maintain energy security.
The trade body, Scottish Renewables has urged the UK and Scottish governments to explain to the public why a "once-in-a-generation electricity network expansion" is needed.
Plans have been submitted to replace the electricity transmission line that connects Skye and the Western Isles to the grid.
Renewables firm Statkraft has reported a “strong response” to a call for local suppliers to get involved in a £20 million electricity grid improvement project it is preparing to start in Keith.
Aberdeen firm Infotechnicss, a provider of integrated software services to the oil and gas, power and utility industries, has completed a £250,000 contract for US firm ISO New England.