Voltage controllers ‘could save UK £300m’

Voltage controllers could help UK consumers save up to £300 million. The North West’s power network operator, Electricity North West (ENW), says the technology could reduce demand for electricity without creating a noticeable difference in supply, potentially saving consumers in the region £100 million over the next 25 years. During a 12-month trial, the equipment was installed at […]

Cloudtech to balance energy demand secures €4.2m

A developer of a cloud-based package to optimise energy demand has secured €4.2 million (£3.5m) in funding. Enervalis plans to use the finance to support the development of its SMARTPOWER suite, which helps energy producers, storage providers and consumers manage electricity use depending on available supply. The money will come from a consortium which includes […]

Oil supply could fall behind demand by 2020

Global oil supply could struggle to keep pace with demand after 2020 unless new projects are approved soon. That’s according to the latest five-year oil market forecast from the International Energy Agency (IEA), which says this would be likely to cause a sharp increase in prices. The report suggests the global picture appears comfortable for the next […]

LNG demand hits 265m tonnes as it chases supply

Liquefied Natural Gas (LNG) demand reached 265 million tonnes (MT) in 2016. That’s according to Shell’s new LNG outlook, which says this volume is enough to supply power to around 500 million homes a year. The report says many forecasts for 2016 expected strong increases in new LNG supplies to outpace demand growth. Instead, demand kept pace with supply as a rising need for the […]