Energy News Round-up 03/09/21

Hi everyone,

Here are some of the latest headlines from around the energy industry last week.

August 30th:

Wind turbine manufacturer Vestas has introduced a new digital platform called Covento, for the renewables aftermarket. Covento aims to provide a marketplace to connect buyers and sellers of parts and services from the renewable energy technologies sector.

The platform will list products and services from both Vestas and third party suppliers whilst also facilitating the delivery of goods.

August 31st:

Ofgem announced they have opened applications for a £450mn strategic innovation fund as part of RIIO-2. The fund is due to unlock greener ways to travel and to heat and power homes and businesses, by harnessing a new approach to energy network innovation.

BEIS Energy Minister Lord Callanan said: “The Strategic Innovation Fund will ensure the best projects and most talented minds have the grants available to reduce carbon emissions and enable bill payers to see the benefits of building back greener.”

September 1st:

As part of a UK Power Networks £435,000 innovation trial, ‘Smart Cable Guards’ have been fitted at East Grinstead and New Addington to detect and fix potential power cuts before they happen.

The new box-like devices are fitted onto the underground power cable and will track the networks ‘pulse’. The cables can detect electrical disturbances lower than the power of a standard mobile phone charger on an industrial electricity cable that serves around 5,000 properties.

September 2nd:

BEIS published an updated version of their approach to valuing greenhouse gas emissions for policy appraisal and evaluation.

This replaces the previous guidance on carbon valuation.

Carbon values are used across governments for valuing impacts on the GHG emissions resulting from policy interventions. They represent a monetary value that society places on one tonne of carbon dioxide equivalent.

Read more here.

September 3rd:

Spain’s government has announced that some of the latest allocations of renewable energy will be released in small lots, rather than larger ones that only big energy companies can afford. Encouraging community initiatives, the government signals change in policies that favour the large energy giants.

This is in the hope that cooperatives in both rural and urban areas are trying to break free from the major electricity suppliers that have exploited high demand during recent heat waves to push prices up to record levels.

1 Like