The Informer

Ofgem introduces tougher entry tests for energy suppliers

Companies that want to secure a supplier licence from the energy regulator will have to meet stricter standards from June following a string of collapses.

Ofgem said applicants will now have to demonstrate that they have sufficient funding, provide a customer service plan and pass a “fit and proper” test.

The watchdog will also launch a consultation during the summer on ongoing requirements for suppliers currently in the market.

Stricter tests have become necessary following the collapse of...

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The Informer

Stellar growth forecast for storage sector

The global energy storage market is poised for a 13-fold surge in size by 2024, according to a new report.

Analysts at energy consultancy firm Wood Mackenzie believe installed capacity will rise from 12GWh at present to 158GWh by 2024.

They said the market had recorded compound annual growth of 74% between 2013 and 2018, with a record 140% in 2018.

Storage will become a “key power grid asset”, having “crept” into decarbonising markets over the past five years, the analysts added.

$71bn...

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The Informer

Decarbonisation needs to up pace to meet Paris Agreement

Electricity could account for more than half the world’s energy mix by 2050, according to the International Renewable Energy Agency (IRENA).

The agency’s latest report, Global Energy Transformation: A Roadmap to 2050, highlighted how the world’s power supply would double by the middle of the century, with renewable sources such as solar and wind generating the bulk of output.

IRENA calculated that a combination of renewable energy and expanded electrification can achieve 75% of the...

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The Informer

Consumers support climate change labelling

Two-thirds of consumers want to see labels on products to demonstrate that brands are measuring and reducing their carbon footprint.

A survey by the Carbon Trust questioned more than 9,000 consumers in the UK, United States, Italy, Canada, Spain, the Netherlands and Sweden.

It found that 52% of respondents do not generally think about the carbon footprint of a product before buying it.

The Carbon Trust developed its first label in 2007.

IPCC report

Hugh Jones, Managing Director, Business...

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The Informer

Apple’s supply chain to beat renewable energy goal

Consumer electronics giant Apple will exceed its goal of bringing 4GW of renewable energy into its supply chain by 2020.

The company now expects its suppliers to be using 5GW of green power by the end of next year.

Forty-four suppliers have agreed to run their businesses on renewable energy, nearly double the number that had previously made the commitment.

Last year, Apple announced that its own facilities were already running on renewables.

Collaborations are key

Lisa Jackson, Apple’s...

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The Informer

Emissions forecasts for Carbon Budgets worsen

The UK looks set to miss its carbon dioxide emission reduction targets by a wider margin than previously feared.

The latest report from the Department for Business, Energy & Industrial Strategy (BEIS) revealed that the country is forecast to exceed its Fourth Carbon Budget by 5.6% and its Fifth by 9.6%.

The gaps have worsened since last year’s report, due in part to improvements in the computer models used by BEIS.

Yet several UK Government policies – including the Renewable Transport...

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The Informer

16/04/2019 - Sector Round Up

Energy services firm Wood wins work on Hinkley Point C

Wood, the energy services businesses created through the merger of Wood Group and Amec Foster Wheeler, has been awarded a “key strategic” contract to work on the construction of EDF Energy’s Hinkley Point C nuclear power station.

Its engineers will implement construction regulations and manage design risk assessments.

Bob MacDonald, Chief Executive of Wood’s Specialist Technical Solutions business, said: “Our nuclear business has played...

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The Informer

Energy stability now ‘top priority’

A call to arms has been issued to the energy industry to collaborate further on areas including ensuring grid system stability as the make-up of the generation mix changes.

National Grid’s new Electricity System Operator (ESO) arm has moved system stability to the top of its ten-strong list of priorities as part of its innovation strategy for the year ahead.

Kayte O’Neill, head of strategy and regulation at ESO, said the last 12 months had seen Great Britain make further progress with...

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The Informer

Smart energy demonstrator projects launched

Four demonstration projects including ones focused on machine learning and lithium ion batteries have been awarded funding through a UK Government scheme to accelerate the development of a smarter energy system.

Energy Minister Claire Perry unveiled the projects under the Prospering from the Energy Revolution Challenge that aim to show how businesses can develop smart local energy systems.

Perry said: “We are at the start of a green revolution, as we move to more digital, data-driven smart...

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The Informer

Renewables grew by 171GW in 2018

One third of the world’s power capacity is now provided by renewable energy following a surge in solar and wind capacity during the past year.

Figures from the International Renewable Energy Agency (IRENA) showed that 171GW of renewables were added globally in 2018, a 7.9% year-on-year increase.

Solar and wind together accounted for 84% of the increase, with global renewable energy capacity now standing at nearly 2.4 Terawatts (TW).

Hydro-electricity accounts for around half of the total,...

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