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

  • In UK, between 2022 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 UK battery storage market currently stands at just 2 GW and is expected to double and reach 5 GW by 2030

  • Europe will need a total of 187 GW of energy storage by 2030 and 600 GW by 2050 to meet its renewable energy targets, this is compared to the current level of 60 GW

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  1,279 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
Under Construction 50 50
PRE construction 150 130 280
Under License 215 206 421
Early development 249 279 528
Total storage UK 644 615 1,279

* Forward-looking information