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.

  • Europe’s annual battery storage deployments doubled in 2023 - 17.2GWh of battery energy storage system (BESS) installations were made in 2023, a 94% year-on-year increase from 2022

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  6.5GWh
  • 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
Operational/Ready for Connection 102 102
Under Construction 245 245
Approaching Construction 143 143
Under License 263 263
Early development 2,288 3,508 5,796
Total storage UK 2,778 3,771 6,549

The Swangate Storage Project is in commercial Operation