Longspur Capital’s Post

🏆 Congratulations to this year’s Innovation and Collaboration in the Energy Sector winner, awarded to SA Power Networks for their Flexible Exports project! 🎉 South Australia leads the world in the uptake of rooftop solar. Integrating this abundant renewable energy resource into the network comes with significant challenges, including exceeding the capacity of the distribution network, as well as risks to broader power system security. SA Power Networks has responded to these emerging challenges with the implementation of Flexible Exports - a world-first connection offer that allows customers who install smart inverters to double their solar exports up to 10 kW per phase back into the electricity grid, reduced only in rare instances and locations of genuine network constraint. This innovation allows customers to export and share more low-cost renewable energy and is projected to save more than $100M in avoided network upgrades over the next decade. 🍾 Congratulations! 👏 Learn more about the project here ☞ https://ow.ly/xeN850Q8BnY #PremiersAwards2023 #DEM #Energy #Mining #Innovation #Technology #RenewableEnergy #SouthAustralia #Awards #Community

Yesterday we submitted a response to the second #REMA consultation, presenting our analysis on the future of electricity market design in GB The key outcomes are: • To get to close to national decarbonisation targets, action is needed now. Ongoing uncertainty from REMA is adding risk to project delivery timelines • Incremental changes to the CfD could successfully remove dispatch distortions and a reformed budget allocation process could support a greater volume of new-build renewable capacity • There is a risk that adding constraints to the current capacity market could lead to inefficient outcomes. While the CM remains an important policy for maintaining energy security, the deployment of new low-carbon firm capacity is likely to come through other support mechanisms in the near future • The potential of a zonal pricing system remains a key uncertainty for developers - successful implementation of any reform will depend on clear signalling and careful grandfathering decisions Read our full response below! #energy #renewables #marketreform #zonalpricing #CfD #capacitymarket Aurora Energy Research Tom Smout

In this week’s #EnergyUnplugged episode, the Aurora team analyses the new Renewable Electricity Support Scheme in Northern Ireland.   Salman M. Khan, Principal in our Oxford Advisory team, leads the discussion with colleagues Steph Unsworth, Senior Associate and Product Manager for I-SEM, and Michael Joos, Senior Associate and project manager for Aurora's work with the Northern Irish Government to support the design of this new scheme.   Main topics include the following: • Why is a support scheme needed in Northern Ireland? • What is the design of the new scheme, and what are its key features? • How is the new scheme expected to impact the I-SEM market? Listen here: https://lnkd.in/diQq5kZ #EnergyPodcast #Renewables #RenewableEnergy #EnergyPolicy

JUST 3 WEEKS TO GO: There's still time to register your interest to join industry leading figures at Wood Mackenzie’s upcoming Madrid Power & Renewables Briefing and drinks reception taking place on Wednesday 12 June. Register your interest and find out more here: https://okt.to/vam2Ft During the in-person briefing our experts Peter Osbaldstone, ROBIN MOLINIER, Ph.D., Anna Darmani, PhD, Ana Fernández García Victoria Ortega and Monica Trilho will discuss European #powermarkets, onshore #renewables, #energystorage and #hydrogen, addressing evolving market dynamics, the commercial and technical enablers of accelerated change, and the key sensitivities that risk its delivery.

Renewables and the Australian Budget 2024 (post 1 of 2) I've been through the four budget papers and here are the highlights. In addition to the $65 billion for major renewable and dispatchable capacity investments (Ref BP1, p.18), the 2024 Australian Federal Government Budget includes the following to transform Australia into a “renewable energy superpower”: 1. $8.0 billion: Renewable Hydrogen Production Incentives/Tax Incentives and funding/10 years. 2. $1.7 billion: Future Made in Australia Innovation Fund/10 years/hydrogen, green metals/low carbon liquid fuels/battery manufacturing. 3. $1.5 billion: ARENA Core Investments Supercharge/7 years/renewables tech. 4. $1.4 billion: Clean Energy Tech Manufacturing/11 years. 5. $835.6 million: Solar Sunshot Program/10 years/Solar Panel Manufacturing. 6. $523.2 million: Battery Breakthrough Initiative/7 years. 7. $20.9 million: Guarantee of Origin Scheme/4 years. 8. $18.1 million: Green Metals Industry Development/6 years. 9. $5.6 million: Battery Manufacturing Precinct/1 year. 10. $2.0 million: Green Poly-silicon industry potential/2 years. #renewables #ARENA #FederalBudget #BESS

National Grid ESO's "Beyond 2030" report outlines a £58 billion investment plan, aimed at strengthening Britain’s energy system for the future. RenewableUK's Director of Future Electricity Systems, Barnaby Wharton, emphasises the critical need for a comprehensive and modernised grid plan to facilitate the expansion of renewable energy sources. Wharton asserts that such a plan is vital for unlocking economic growth, ensuring energy security, and enabling the transition to a more sustainable and reliable energy system. Read more: https://bit.ly/4bMRBZe #EnergySecurity #RenewableEnergy #Renewables

While successful in enabling the current and likely next wave of reneawble investment, CfD does have economic inefficiencies which manifest more and more as renewable penetration increases. This could represent key policy and market risks for investors. Have a look at the latest though-piece from our experts below:

🚨 HUGE news for the region today 👏🤩 £86m investment in Blyth offshore wind research facilities to accelerate next generation of super turbines 💨 Development of the world’s most advanced wind turbine blade and drive train testing assets at Offshore Renewable Energy Catapult's National Renewable Energy Centre in Blyth 📍 set to deliver major boost to UK 🇬🇧 growth from #OffshoreWind The late-stage research and development facilities, designed for the testing of blades up to 150m and drive trains up to 23MW, combined with ORE Catapult’s extensive expertise in test and demonstration, will ensure that turbine manufacturers can accelerate their technology development in the UK with reduced risk and enhanced reliability for a new wave of larger, more efficient machines. Both blade and drive train capabilities will have the capacity for further expansion, to 180m and 28MW respectively, to meet future industry demand 📈 See what Joanne Leng MBE, NOF Chief Executive has to say on this announcement 💬⬇️ Read more on the ORE Catapult website 📰➡️ https://lnkd.in/ej9jnGzE UK Research and Innovation #NOF #KeepConnectedWithNOF #NOFNetworkNews #NetZero