ENERGY STORAGE

NatPower UK ‘planning to invest £10bn in 60GWh of UK battery storage’

March 8, 2024

Energy infrastructure developer NatPower UK has said it is planning to invest £10 billion in the development of 60GWh of battery storage in the UK.

NatPower says it is planning the development of large-scale battery energy storage systems across the UK, with three “GigaParks” to be licensed by 2024 and another ten by 2025.

Meanwhile, NatPower says it has allocated £600 million towards the development of substations “to help speed up connections to the grid”. In addition, the company has plans to develop large-scale solar and wind energy infrastructure which will be announced by NatPower UK later this year.

NatPower UK is part of Italy-headquartered NatPower Group, a developer of clean energy infrastructure projects, with a 30GW pipeline of renewables projects. The company operates in seven different countries: Italy, UK, USA, Canada, Kazakhstan, Tunisia and Chile.

Fabrizio Zago , CEO of the NatPower Group, said: “We are proud to announce NatPower’s investment plan in the United Kingdom which will give new impetus to the promotion of an energy system fully focused on renewables and will accelerate the country’s path towards achieving net gas emissions greenhouse equal to zero. Today we present the largest program for the development of battery energy storage systems for over 60 GWh in the UK and we are ready to collaborate with institutions and players in the sector to make the energy production system increasingly efficient”.

Stefano D.M. Sommadossi , CEO of NatPower UK, said: “When it comes to resources, skills, policies, and investment the UK is unrivaled and companies like NatPower will help achieve the goal the country has set for itself. The energy transition is not only the fastest and cheapest way to provide cleaner and safer energy sources, but it also represents an incredible opportunity for economic growth.”