Solar stands to be a “new backbone” of the power sector as it cements its status as the world’s “dominant new build generation technology”, Vattenfall’s head of solar and battery storage has said.
Shell’s investment in sonnen is yet more evidence that international energy majors are starting to really act on clean energy, the battery storage manufacturer’s chief executive has said.
UK Power Reserve has been bought by the Sembcorp energy group for £216 million in a surprise deal that will see the Singapore-based company take in over 1GW of additional capacity, including 120MW of under-development battery storage projects.
SSE has become the last of the ‘Big Six’ energy suppliers to announce price rises this spring, pointing the blame at the spiralling “cost of supplying energy”.
Scottish and Southern Energy (SSE) has doubled down on its efforts to reduce its power’s carbon intensity, aiming to halve its emissions per kilowatt hour once again by 2030.
Energy suppliers have been urged to adopt ‘energy as a service’ models in order to help further the energy transition, with one industry representative calling for the end of bills measured in kilowatt hours.
Shell has continued to scale-up its interest in distributed energy by participating in a €60 million (£52.6 million) investment round by German battery storage firm sonnen.
