The Liverpool Energy Xchange
The Liverpool Energy Xchange is a design project in central Liverpool. Started in March 2020, we are looking to set up a pre-commercial demonstration project from 2022. LEX will be a commercially attractive, city-wide energy marketplace for local trade of all kinds of clean energy services across power, heat and transport. The LEX will also sell aggregated services to National Grid ESO to help balance energy supply and demand, and to the local Distribution Network Operator, SP Manweb, to help the local grid to manage the rise of electric vehicle and heat loads. New Resource Partners is leading the LEX project, with the participation of Regent Capital, Smart Power Networks, Scottish Power Energy Networks, Decentralised Energy Solutions, the University of Essex, and with funding from Innovate UK. For more information, visit the LEX website.
A government may be keen to deploy renewables, but attracting investment requires strong strategy. NRP assists HM Government of Gibraltar to realise its renewable energy ambitions. Starting with a techno-economic modeling exercise, we have helped create a roadmap of actions across finance, policy design, project development, and grid integration. We are now engaged in facilitating the procurement of commercial-scale rooftop solar PV.
Energy Research in Emerging Economies
It is in emerging markets that new energy opportunities (as well as challenges) are sometimes greatest, particularly where there is no existing grid and the opportunity may arise to leapfrog conventional approaches to energy. NRP works with USAID, Deloitte, the Regulatory Assistance Project and the International Energy Agency to evaluate challenges and risk in energy market design and system operation in these new markets.
Renewable and Smart Energy Project Origination
NRP works with investors including Regent Capital, and Local Partnerships to originate energy investment projects, including grid-connected energy systems and behind-the-meter assets on and around property projects. The technologies used in these projects are particularly diverse, and the revenue streams they produce several and evolving, as energy markets develop to operate with ever greater shares of wind and solar energy. Investors can benefit from multi-decade, index-linked returns carrying varying degrees of market exposure and risk.
Energy in Property
Property and energy are converging. This important trend is being driven by the rise in local energy capacity (e.g. solar), consequent need for local flexible power to manage intermittency, and the fact that both are increasingly deployed on and around buildings. This convergence brings new energy-based revenue for property investors. For example, NRP is working with Augur Group and Regent Capital on a major property redevelopment – the Circus and The Department project – in Liverpool city centre, and with Dundee City Council on its Waterfront Project.
Local Markets for Energy: Research & Delivery
Around 40% of UK installed capacity is local, mainly solar and wind. Once passive, energy consumers are now producing electricity themselves, and heat networks harvesting local heat for sale are likely to be critical in the drive for deep decarbonisation of energy. These forces are driving the emergence of new Local Markets within national markets, for the trade of energy and flexible balancing services. We work with foundations, utilities, industry associations and large energy users to identify the right market designs and technology options.