News Archives - Page 8 of 25

UK hits major clean energy milestone – National Grid

10 June 2023 admin 0

One trillion kWh of electricity generated from renewable electricity The UK has hit a major milestone as we pass the one trillionth kilowatt hours (kWh) of electricity generated from renewable energy sources, the equivalent of everyone in the UK watching every James Bond movie 13 times a day, every day for a year. One trillion kilowatt hours (kWh) of electricity generated from renewable sources, enough to power UK homes for 12 years, based on average annual consumptionFifty years to reach the milestoneNext trillion achievable in a tenth of the time The data from National Grid analytics reveals that it has taken 50 years [...]

Trial success for EnergiVault – ACR Journal

23 May 2023 admin 0

More than 50 guests attended an open day to showcase the potential of the pioneering EnergiVault energy storage solution, created to support the decarbonisation of cooling and deliver cost savings for industrial processes and commercial buildings. Generally, for product launches, if you offer free alcohol, canapes, somewhere salubrious in London on a Thursday night, people will flock to the opening of a fridge. Organic Heat Exchangers reversed this and launched EnergiVault (Cool Net Zero), on a Monday, in Alwick (100 miles from Edinburgh), with no alcohol, during the day, and amazingly, achieved a full house including many members of the press who [...]

O-Hx Product Launch, MM Raising £50M, ENG8 VC £10M Raise at £100M Valuation

23 May 2023 admin 0

Please see below update on some of the 350 PPM Incubated Opps we are working with: Generally, for product launches, if you offer free alcohol, canapes, somewhere salubrious in London on a Thursday night, people will flock to the opening of a fridge. Organic Heat Exchangers reversed this and launched EnergiVault (Cool Net Zero), on a Monday, in Alwick (100 miles from Edinburgh), with no alcohol, during the day, and amazingly, achieved a full house including many members of the press who had travelled 200 miles. EnergiVault is a hybrid cooling and energy storage device. Cooling represents circa 20% of global energy [...]

UK could unlock £70bn a year in renewable energy, report claims – The Guardian

21 May 2023 admin 0

Plausible for UK to become global clean energy superpower if investment is ramped up The UK could unlock £70bn every year by generating enough clean electricity to become a major exporter of energy to mainland Europe, according to a former government economist. A new report has found that by increasing Britain’s clean electricity generation 50% above its current projections for 2050 it could become a clean energy superpower capable of exporting £17bn of green electricity to Europe a year. The ambition to generate more green electricity than needed to meet the UK’s climate targets could also create an additional 279,000 British jobs, and support a [...]

Floating solar panels on reservoirs could power a third of the world, study finds – Independent

14 May 2023 admin 0

The world’s 115,000 reservoirs hold the potential for a clean energy revolution, scientists say Solar panels installed on reservoirs could generate enough electricity to power a third of the world, according to a new study. Floating photovoltaic systems, known as “floatovoltaics”, also have the added benefits of reducing evaporation by shading the water, as well as preserving land for other uses. An international team of scientists calculated that 30 per cent coverage of global reservoirs could produce 9,434 terawatt hours (TWh) of power per year. This would meet more than twice the energy demand of the entire US annually. Annual global energy consumption [...]

Charles III: A green king? – E&T

7 May 2023 admin 0

“It all seems obvious to me,” King Charles III recently told German President Frank-Walter Steinmeier, referring to the need for a green transition. During a boat ride to an electrolyser site in Hamburg’s harbour, the UK’s new monarch confessed he felt like he was becoming “a frustrated old man” over attitudes to the climate emergency. The King is certainly no stranger to the climate fight. Over the last 50 years, Charles III has been very public about his concern for the environment, with many of his statements blurring the lines of the Crown’s political neutrality. In this way, his accession to [...]

Investor Update Q1 2023

30 April 2023 admin 0

Dear All Please find below update on companies we are currently working with: Organic Heat Exchangers: O-Hx is the inventor of EnergiVault; a hybrid cooling and Cold Energy Storage System, that can reduce the costs and carbon emissions of industrial cooling by up to 80%. Energivault is being officially launched on the 15th and then the push for commercial sales starts, assisted by real world savings which will be beamed directly to our website. Overall, we are 6 months behind where we should be but delays in small company development are to be expected. For investors, O-Hx has just funded at £0.32, a 400% [...]

Organic Heat Exchangers Ltd: Launch Day for EnergiVault

30 April 2023 admin 0

O-Hx is the inventor of EnergiVault; a hybrid cooling and Cold Energy Storage System, that can reduce the costs and carbon emissions of industrial cooling by up to 80%. The first commercial scale EnergiVault is now shipped and installed at Quotient Sciences in the North East of England. EnergiVault is being officially launched on the 15th May. This is when sales of the EnergiVault system start. We have press and industry participants coming so expect a update video next week. Please note: for information only – not an invite. Introducer commissions are available for introductions that lead to a sale of EnergiVault. For [...]

Electric Cars: This Will Make You Chuckle

30 April 2023 admin 0

Have just been sent this by a friend of mine and it made me laugh so I am reposting. Just to be clear I am not a fan of electric cars with the exception of a town car runabout, at which point a small electric car makes perfect sense. Here’s why: the standard small car battery holds 30 Kilowatt Hours (KWh). A “house” battery pack is 6 KWh. Estimatations of household use vary from 6 KWh per day to 15 KWh. And some electricity tariffs offer an overnight rate of 6 pence per KWh and daytime of 36 pence per KWh. Charge your small [...]

UK ministers review bidding process for funding new renewable energy projects – The Guardian

23 April 2023 admin 0

Ministers are considering an overhaul of the bidding process to fund new renewable energy projects in an effort to create green jobs, amid Joe Biden’s subsidy race. The government said on Monday it has begun a review of the “contracts for difference” (CfD) scheme, which is used to determine the price of electricity from offshore wind and solar farms, with the aim of adding factors such as how many jobs they create to the regular auctions. The move comes partially in response to the net zero review by the former energy minister Chris Skidmore and amid a global race to provide greater subsidies for [...]

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