It is increasingly difficult to dispute the importance of energy storage to the future of society – and the power sector in particular. Bo Normark, thematic leader of smart grids and electric storage at InnoEnergy, argues that power providers and utilities need to educate themselves on the new reality and adapt to a new role in the future energy ecosystem.
In the first of a series of blog posts from NextEnergy Capital on what’s needed to herald in the low carbon energy transition, MD Abid Kazim examines the need for and benefits of a wholly new approach to carbon pricing.
Liam Stoker takes a look at the headline news in European energy this week – the major asset swap involving RWE and E.On – and examines the claims that the deal places Essen, Europe’s 71st-largest city, at the centre of the continent’s energy transition.
Tokyo Electric Power Company (Tepco) has confirmed it has invested into UK-based blockchain start-up Electron.
Scottish and Southern Electricity Networks, the networks arm of SSE, has outlined the principles of its transition to a Distribution Systems Operator (DSO) as it aims to get to grips with the “almost unrecognisable” emerging energy market.
Centrica has pitched its future vision of the UK’s business energy market, suggesting that greater distributed power could save the economy billions, create thousands of jobs and help boost productivity.
UK Power Networks has revealed that its customers have benefitted from around £70 million worth of savings since 2015 through the use of flexible, distributed generation.
Ofgem chief executive Dermot Nolan has warned traditional utilities that they could be made “redundant” in a future power market typified by change and new market entrants.
Oil major BP has said that energy markets across the globe are witnessing a significant transition, powered by renewables at the expense of coal.
The global energy transition will not “play by the rules” and will be driven largely by disruptive consumers as they flock towards decentralised generation.