The Energy Bulletin: In the news July 2017

July has seen both positive and negative developments across the sector.

As well as the spiralling cost of Hinkley Point C to the taxpayer, there have been recorded cyber attacks against the UK and Ireland’s energy networks.

This is offset by the news that Tesla will install the world’s largest battery in South Australia to ensure security of supply. Additionally, the National Grid’s annual report Future Energy Scenarios points to a bright future for renewable energy in the UK.

Read on to discover the biggest energy market headlines of the month.

bigstock--National Grid European Super Grid Electric Network

Tesla to build world’s biggest battery in South Australia | The Guardian

Electric car manufacturer Tesla will build a huge battery installation in a bid to ease energy security issues in South Australia.

The 129 MWh battery will work in tandem with the nearby 315 MW Hornsdale wind farm, storing excess energy and releasing it at times of peak demand. The project is the latest and most significant of several battery installations carried out by Tesla.

Follow the link above to find out more.

 

Britain launches new oil and gas licensing round | Reuters UK

The British Oil and Gas Authority (OGA) has started its 30th licensing round, opening up access to 813 oil and gas exploration blocks in the North and Irish seas.

The North Sea, in particular, is believed to have billions of barrels of oil still available for extraction, and despite low oil prices, the British government will consider bids in 2018.

Click the link above to read more.

 

National Grid launches Future Energy Scenarios document | National Grid

The National Grid launched its annual report, Future Energy Scenarios, which features predictions on how the UK’s energy network may look and operate in the future.

The report, which you can see in full here, predicts that the UK will see a huge uptake in battery storage by 2020 and exponential growth in installed solar by 2050.

 

Hinkley Point to cost consumers £50bn | The Telegraph

The soaring cost of Hinkley Point C means that the project could cost as much as £50bn to the taxpayer over its lifetime, according to the Telegraph.

The report suggests that the growth of renewable energy, as well as low gas and oil prices, have contributed to huge shifts in the wholesale cost of energy, causing costs to spiral at the Somerset site.

Follow the link to find out more.

 

UK and Ireland energy systems subjected to cyber-attacks | Clean Energy News

Picking up on coverage from the Times, Clean Energy News reports that hackers allegedly backed by the Russian government had attacked the Republic of Ireland’s energy network.

The attack on control systems threatened parts of the grid in both Northern Ireland and the Republic.

These attacks, similar to one on Ukraine’s electricity network in December 2015, highlight critical weaknesses in the UK and Ireland’s national energy infrastructure.

Follow the link to see a combined report.

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