Ceres Power, the manufacturer of a solid-oxide fuel cell known as the SteelCellTM, has made three significant announcements in the last three months and has also produced final results for the year to 30 June 2018. The first announcement, on 2 August, was for a new partnership with Nissan and The Welding Institute (TWI), backed [...]
On 10 September Velocys announced that ENVIA was to suspend operations and review alternatives. ENVIA is a facility outside Oklahoma City that converts landfill gas into diesel and other petroleum products, at the heart of which are two of Velocys’s patented gas-to-liquid reactors, the only ones actually in operation. ENVIA had announced a gas leak [...]
On 20 September Modern Water, the supplier of treatment and monitoring equipment for salty and contaminated fluids, released its interim results for the first half of 2018. Revenue increased from £1.56million in H1 2017 to £1.89m in H1 2018, while losses were reduced from £1.81m to £1.39m. As with several companies introducing new technology, Modern [...]
On 30 August Redflow, the Brisbane-based manufacturer of Zinc-Bromine flow batteries, announced that its revenue for the year to 30 June 2018 was Australian$1.8 million (£1m) for a loss of A$12m. Corresponding results for the previous year were A$1.4m and A$12.9m. Redflow describe 2017/18 as a turnaround year: it was certainly turbulent, with the manufacturing [...]
The results announced by EQTEC at the end of June for the six months ending 31 December 2017 did not make comfortable reading. Revenue was €20,200 for a loss of €6 million. For the full year to 30 June 2017 revenue had been €40,762 for a loss of €1.8m. (A change in reporting year explains [...]
A significant amount of the UK’s renewable energy is not produced by publicly-quoted companies but by those that are part of larger organisations. One example is Infinis, now part of the equity investment company 3i Infrastructure (3iN), but previously listed on the LSE. It went private at the end of 2015 and was bought by [...]
There have been many studies examining whether energy can be produced entirely by renewable sources. For example, two papers, one by Heard et al1arguing that it has not been proved, and another by Brown et al2arguing that it has, both give more than 150 references. It is worth considering some of the factors that frame [...]
Wind turbine installations in India have slowed appreciably over the last year. In a quarterly investor presentation on 4 August Suzlon, India’s leading turbine manufacturer, estimated that the country would install only 3GW in the financial year ending 31 March 2019. With a total capacity of 34GW in March 2018 this is far below the [...]
Two recent news items show that flow batteries are starting to receive more attention. In the first, RedT announced the sale of two systems, each with an energy storage capacity of 40MWh, to the German company Energy System Management GmbH (ESM). These are to help maintain equilibrium between supply and demand and to assure a [...]
In spite of the government’s stated enthusiasm to exploit Britain’s shale gas potential the pace of development has been slow. In February Third Energy received permission to frack an existing vertical well in North Yorkshire but released the equipment in March pending a review of its financial resilience by the Oil & Gas Authority. IGas [...]