The UK’s Capacity Market auction undertaken by National Grid has contracted 49.26 GW of capacity to provide backup power in the year 2018/19. The contracted amount falls slightly short of the intended capacity procurement of 50.8 GW but was hailed as a success.
Balfour Beatty, the UK-based construction services company, has completed the acquisition of the £164 million ($257 million) Thanet offshore transmission project in Kent.
S&C Electric Company has begun operating Europe's largest battery-storage project. S&C Electric Europe, Samsung SDI and Younicos collaborated to deploy the technology onto a United Kingdom Power Networks substation in Leighton Buzzard, Bedfordshire, England.
Edinburgh-based company Aquamarine Power has launched a consultation process with staff about 'significantly downsizing' its business operation. The company, which has pioneered wave-power technology, looks set to cut its workforce from 50 to less than 20.
Siemens has been awarded a contract for its advanced H-Class gas turbine in Poland. It is the first time the company will build a turnkey combined cycle plant based on the machine in Central Europe, outside of Germany.
Finland is set to agree to proposals by Russian state-owned energy company, Rosatom, to build a nuclear power plant in the country's extreme north.
Rheinisch-Wesfallsches Elektrizitatswerk (RWE), Germany's second-largest utility provider, has declined to follow the lead of E.On and split its business operation.
Wind, hydro and other clean power sources accounted for the largest source of Scottish power in the first half of 2014. Scottish renewables, a trade body, stated that the renewable energy generated a record 10.3 TWh, whereas nuclear generation provided 7.8 TWh, coal 5.6 TWh and gas 1.4 TWh.
Ahead of the next Opec conference, falling oil prices – coupled with geo-political sanctions – look set to hit Russia hard.
Following its recent acquisition of 1.866 sq. km (729 square miles) of fracking licences in Scotland, Britain’s largest chemical company, Ineos, has recently revealed a £640 million ($1.024 billion) scheme to develop its exploration operations for shale gas across the UK.