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SP Energy Networks awarded £15.6m of additional funding from Ofgem

01/03/2017

SP Energy Networks has recently been awarded £15.6m of additional funding from Ofgem to take forward a globally innovative project that will help address some of the current and future challenges associated with security and stability of the transmission system.

The funding was awarded as part of the 2016 Network Innovation Competition (NIC). This award will allow us to develop and demonstrate the deployment of a new technology - "hybrid synchronous compensator" or H-SC. This technology will allow greater use of renewable power from windfarms, solar arrays and batteries whilst maintaining security and stability of supply against a background of recent and planned closures of conventional generation plants.

The NIC is the RIIO mechanism for funding flagship innovation projects. It is a challenging process that involves a detailed written submission and two interviews with an industry expert panel, appointed by Ofgem. Our submission was led by Priyanka Mohapatra from the Future Networks team with excellent support from the Network Planning & Regulation and SP Transmission teams. The external panel were very complimentary about the strong case that was submitted to support the proposal and the professional nature of the presentation. The SP Energy Networks award represents close to 50% of the total amount awarded by Ofgem in the 2016 NIC.

Colin Taylor, Director of Engineering Services for SP Energy Networks, said: “I am delighted that we have once again been successful in the Network Innovation Competition. The scale of the award, on top of our successes in previous years, demonstrates our ambition and capability to lead on both technical and commercial innovation in the best interests of our customers and stakeholders. Congratulations to all involved.”

On 31st July 2024 we published our 23/ 24 Annual Vulnerability Report covering performance for Year 1 of RIIO- ED2.

‘‘The year 2023/24 has been foundational for our ED2 programme. We worked hard to build on the solid foundation established in ED1 to evolve our partnerships, tools, and processes that will allow us to achieve our expanded ED2 ambition. At the same time, we have continued to focus on customers’ pressing needs, from delivering excellent support during emergencies to offering a range of extra help aimed at improving their welfare.’

Kendal Morris – Customer Services Director

View the annual vulnerability report


 

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