The global growth in renewable energy requires storage solutions in order to be able to function and grow

  • Total battery capacity continued to grow in Great Britain, reaching 3.5 GW by the end of 2023 up from 2.1 GW at the end of 2022.

  • The UK battery storage market currently stands at just 3.5 GW and is expected to reach 10 GW by 2026 and more than 16 GW by 2050.

  • Installed grid-scale Battery across Europe could grow by at least 36 GW by 2030, 14 GW more than today's Pipeline.

Econergy Enters the Storage Market in the UK as a Dominant Player

  • Econergy has an existing storage project Pipeline under development in the UK of  1 GWh*
  • Econergy is developing storage projects in two configurations:
    • As Co-Location projects together with the PV and wind projects the Company is developing – creating substantial synergy both at the connection point to the grid and in significant savings in shared costs
    • As stand-alone grid-support storage projects
  • Managing team: A robust, experienced local development team with proven experience in the energy sector and it has access to high-quality connection points to the grid.
Storage projects in the UK (MWh) Stand-alone storage projects Co-located projects Total
Under Construction 102 102
Approaching Construction 245 239 484
Under License 143 61 204
Early development 153 153
Total storage UK 643 300 943

* Forward-looking information, does not include storage projects in Early development status with a capacity of 5,804MWh when their expected connection year is from 2029 onwards