Some of the 700,000 clients of the energy supplier First Utility were surprised when they received an email on 25 March stating that it would henceforth be known as Shell Energy. They should not have been surprised, because Shell had bought the company in 2018, but at that time there was no change of name [...]
On 11 April Aggregated Micro Power Holdings (AMPH) released a trading update for its financial year to 31 March 2019. Revenue for the year is expected to be around £50 million, up from £43.2m for the year to 31 March 2018, but EBITDA (earnings before interest, taxation depreciation and amortisation) is expected to be negative [...]
Redflow, the Australian manufacturer of flow batteries, announced its half-year results on 26 February. They were not encouraging. For the six months to 31 December 2018 (H1 2019) revenue was AU$0.5 million, down from AU$1.2m for H1 2018, while the loss increased from AU$3.8m to AU$4.9m (AU$1.8 = £1). In fact these results were not [...]
A year ago RedT divested most of its carbon trading and consultancy business, Camco, in order to concentrate on vanadium flow batteries. Some 330 units worth £18.3 million were said to be in the final stage of customer selection. Staff numbers were doubled and analysts projected a profit in 2019. In July the company announced [...]
In its annual report for 2018 The Renewables Infrastructure Group (TRIG) announced a profit before tax of £123 million (2017: £90m). Net Asset Value per share was estimated to have increased from 103.6 pence at the end of 2017 to 108.9p at the end of 2018. The total dividends declared per share were 6.5p share [...]
On 28 February Greencoat UK Wind announced another strong set of results for 2018. During the year the company increased its generating capacity from 694 to 836 MW by acquiring 3 new wind farms and increasing its investment in the large Clyde project in South Lanarkshire. Greencoat now owns all or part of 32 wind [...]
Oxford PV expects to have its first perovskite-silicon tandem solar panels deployed in the field in 2019. In a presentation as part of the Oxford Energy Colloquia series on 26 February, Dr. Chris Case, Chief Technology Officer of Oxford PV, made the case for solar energy and explained the path the company had taken since [...]
In 2013 the US Energy Information Association estimated that China has the largest unproved but technically recoverable shale gas resources in the world, nearly double those of the USA. However, development has been slow and only really started with production from the Fuling gas field, southwest China, in 2014. In 2017 China’s total shale gas [...]
The first Carbon Capture systems were built in the 1930’s but there are still very few examples of Carbon Capture and Storage (CCS) being applied to coal or gas power stations for the purpose of reducing CO2 emissions. The earliest systems were used to purify streams of natural gas that contained significant amounts of CO2. [...]
We often read that batteries can solve the problem of intermittency in wind and solar sources. Batteries can certainly help and are useful for short-term storage or time-shifting over a few hours. For longer periods of a day or more the size and cost of batteries become prohibitive and other solutions will be needed. To [...]
