Eirgrid Group’s annual report for 2018 showed that revenues for the year to October 2018 increased from €579.4 million to €758.4 million. Pre- tax profit was €65.8 million.
Power industry central bodies have promised to free-up data to allow innovation in the sector.
ABB and Rolls-Royce have formed a partnership to offer a microgrid solution for utility, commercial and industrial customers.
Bristol City Council has decided to go ahead with its ambitious ‘City Leap’ programme and will be procuring a strategic partner to deliver the project in a joint venture.
Planning consent has been granted by North East Lincolnshire Council for an energy-from-waste plant located on land at the South Humber Bank power site.
Sembcorp has been granted development consent for a new gas-fired power station near Middlesbrough.
Tidal energy company Sustainable Marine Energy (SME) has secured equity investment totalling £3.46 million to further develop its PLAT-I tidal energy platform.
Energy retailer SSE is to pay out £700,000 after it missed its own target to install gas smart meters for customers in 2018.
Carbon capture and storage (CCS) is a key tool for decarbonisation and the government should consult on new funding models to support it, including a ‘regulated asset base’ model.
The Brexit delay has left carbon emitters, including power generators, with uncertainty over multimillion-pound emissions payments.