ABB signs $20m deal to upgrade Brazilian power systems

The firm will deploy technology to upgrade the nation’s transmission and distribution network

SSEN: More investment needed to hit climate goals and avoid a ‘stagnant economy’

The energy firm has set out a range of credible future energy scenarios for its transmission network in the north of Scotland

Power cable project offered £1m to cut energy waste

Innovate UK has offered a £1 million grant for a project to develop efficient cables to cut costs and reduce emissions from the transmission sector. The new cable technology has been invented by developer Enertechnos, which has been joined by a number of partners including equipment supplier Eland Cables. The project will use the long […]

Fortum flogs Finnish power distribution business for €2.55bn

Finnish energy company Fortum has flogged its electricity distribution business for more than was expected. It sold to a group of investors called Suomi Power Networks for €2.55 billion (£2.15bn). The state-owned firm owns 79,000 kilometres of network in Finland and supplies 12.6 TWh of power each year – giving it a 20% market share in the […]

Ofgem launches review of electricity network cost

Ofgem has launched its review of the costs of Britain’s 255,000 miles of low voltage electricity network in light of changing to a greener future. The UK needs around £200billion worth of upgrades on its electricity infrastructure over the next decade, so that new forms of renewable energy such as large scale wind turbines and […]