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

  • In UK, between 2021 and 2050, polluting sources are expected to shrink by 56% while there is an expected growth of 250% in renewable energy sources and 550% growth in the flexible energy sources (consisting primarily of storage)

  • The storage market in the UK is expected to double in the coming year – currently stands at just 1.2GW

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 approx. 770 MW
  • 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 (MW) Stand-alone storage projects Co-located projects Total
PRE construction 50 110 160
Under License 100 130 230
Early development 210 170 380
Total storage UK 360 470 770

* Forward-looking information