Scottish smart grid firm receives £2m fund

A fund set up by Scottish Investment Bank is providing £2 million in a smart grid firm. Smarter Grid Solutions (SGS) will use the money to speed up product development and expand its business globally. SGS monitors grid locations and if measurements exceed thresholds it balances electricity flows. This allows distribution network operators to manage and integrate renewable energy resources into […]

Oil & gas sector ‘outperforms’ rest of Scottish economy

The oil and gas industry is “continuing to outperform” the rest of the Scottish economy. New findings from the 17th Aberdeen & Grampian Chamber of Commerce survey show confidence and activity in the oil and gas sector have continued to rise, with a strong demand for employment and increasing investment from both operators and contractors. […]

Multi-million pound Scottish fund for renewables

The Scottish Government has launched a £103 million fund which will target private investments towards renewable energy. Speaking at the Scottish Low Carbon Investment conference, First Minister Alex Salmond said the Renewable Energy Investment Fund (REIF) is open to investors who are seeking finance apart from the UK’s Green Investment Bank (GIB). The GIB will provide […]

Scots: UK must regulate energy markets for fuel poverty

The UK Government must take stronger action to regulate energy markets to reduce fuel poverty, according to the Scottish Government. Its new reports also claim around 658,000 homes that are fuel poor in Scotland could be reduced by improving energy efficiency in households. Scotland is encouraging homeowners to install loft and cavity wall insulations, which […]

£200,000 battery management fund for wind turbines

A Scottish technology specialist has secured funding worth £200,000 to develop battery management systems for wind turbines and EVs. Dukosi will develop a full prototype of a technology that monitors lithium ion cells in batteries to extend battery life and make them more efficient and safe. The Scottish Co-investment Fund, which is partly funded by […]

SSE to spend £390m on Irish power stations

Scottish firm SSE is set to buy power stations in Ireland in a deal worth a total of €488million (£390million). The energy supplier will buy four power stations and other assets from Irish power company, Endesa. The investment is expected to create hundreds of jobs, including construction positions, during its development. However, the deal needs […]

Scottish Renewables unveils more than 11,000 employees in energy sector

Scotland’s renewable energy sector employs more than 11,000 people, according to Scottish Renewables. The energy trade body claims to have assessed more than 200 companies across the wind, wave, tidal and solar sectors and found there are 1,526 people employed in renewable energy development. Another 8,701 work in the direct supply chain and 909 are […]

Scottish Water faces questions from water watchdog

A Scottish water provider faces questions from the water watchdog about its relationship with a private insurance firm. Thousands of customers received letters in Scottish Water branded envelopes, which contained sales pitches made by private insurer, HomeServe. Consumer Focus Scotland said that public bodies, such as Scottish Water, should not be seen to favour one […]

SSE sells nuclear stake for nearly £6m

SSE has sold its 25% stake in nuclear power project NuGen for £5.75million, an amount which could rise by another £1.25m if progress at the project’s site in West Cumbria is good. The Scottish energy supplier announced plans to sell at the end of last year, saying it wants to focus on areas it has […]

Oyster wave machine given approval in Scotland

Scottish Energy Minister Fergus Ewing has given consent for two wave power devices to be linked to the National Grid. Once connected, the machines will supply enough electricity to power more than 1,000 homes. The Oyster wave energy converter, made by Aquamarine, is a wave-powered pump which pushes high pressure water to drive an onshore […]