Work on a new state-of-the-art energy stabiliser will begin in Moneypoint Generating Station in the coming weeks. The €50m synchronous compensator is a key aspect of the ESB’s multi-billion Euro Green Atlantic development. The new compensator will be the first in the country and will incorporate the world’s largest flywheel used for grid stability. Due…
The PSO levy is paid by all electricity customers in Ireland and is used to support the renewable energy sector. Following a review of the PSO cost submissions, the CRU’s final calculation is that a PSO levy of €263.70 million will be required for the 2021/22 PSO year. This represents a decrease of €129.43 million…
Warnings that electricity demand was pushing supplies to their limit sparked concern among multinationals in the Republic, IDA Ireland has told regulators. Electricity market regulators last winter issued several “amber alerts”, warning that demand in the Dublin area was close to capacity, increasing the risk of power cuts should the network run into problems. IDA Ireland says…
In December, Ofgem gave the go-ahead for 40 billion pounds ($53.4 billion) in spending on utility networks between 2021-2026 to prepare for more renewable power, including a higher-than-planned limit on grid operators’ returns. National Grid said it was pleased to see the increase in allowances and accepted the overall package for its role as electricity…
The opportunities for further development in the country appear huge, with a grid operator willing to recognise the role energy storage can play in balancing the network. Solar Media Market Research’s Lauren Cook explains what’s happening. Co-authored by Molly McCorkindale, who is also an analyst with our in-house research team. Utility-scale battery storage project activity started…
The recently powered-up IFA-2 is the product of a £700 million shared investment between the National Grid and the French power firm Réseau de Transport d’Électricité (RTE). IFA-2 physically connects the UK and France’s electricity systems, giving Britain access to France’s nuclear and renewable energy and vice versa. With a 1 gigawatt (GW) capacity and as the UK’s sixth operational…