Honda provides power management for V2G project

Honda has announced it will provide power management units for a vehicle-to-grid (V2G) project in the UK. The EV-elocity consortium aims to demonstrate the business case for the technology by helping businesses and electric vehicle (EV) owners recognise the financial opportunities presented by harnessing, storing, using and selling surplus renewable energy. The project has secured […]

‘Europe must upgrade grid to hit renewable target’

If Europe is to achieve its goal of a 35% renewable energy mix by 2030, then investments in electricity grids need to scale up and become more strategic. That’s the suggestion from the Renewables Grid Initiative (RGI) and WindEurope, which say although smart grids, demand response technologies, flexible wind farms and battery storage are helping […]

Shell and EDF join blockchain trading consortium

Shell, UK Power Networks and EDF Energy are among nine firms to have joined a new blockchain trading consortium set up by operator Electron. The businesses, which also include Baringa, Flexitricity, KiWi Power, Northern Powergrid, Open Energi and Statkraft, aim to use the platform to tackle the challenge of energy flexibility and to collaboratively design […]

EU approves joint capacity mechanism in Ireland and NI

The EU Commission has approved a new joint capacity mechanism for Ireland and Northern Ireland’s energy markets. The move was judged to be able to help ensure security of electricity supply whilst preserving competition and complying with EU state aid rules. Under the capacity mechanism, power plants and other capacity providers will obtain a payment […]

LNG oversupply to last into mid-2020s

Liquefied Natural Gas (LNG) oversupply will last into the mid-2020s. That is according to a new study from Aurora Energy, which says this is likely to dampen the value of contracts in the market as LNG hits the bottom of its boom-bust cycle. The firm predicts weak demand is likely to prevent a swift recovery […]

Smart grids ‘could generate €3.5bn in Netherlands’

Smart grids could save up to €3.5 billion in the Netherlands, a new survey claims. Renewable sources such as wind and solar power fluctuate due to the weather but smart grids help balance the supply and demand. That’s expected to make it more efficient and reliable in distributing electricity. A pilot study – carried out by […]