E.ON: invests in battery storage in UK

(CercleFinance.com) - E.
ON announces that it has teamed up with investment firm Quinbrook Infrastructure Partners to jointly invest in the construction of a large-scale battery storage project in the UK.

Two large-scale storage facilities - each with a capacity of 230 megawatt-hours and an output of 115 megawatts - will be built on the site of a former coal-fired power station in Uskmouth, South Wales.

Under the agreement announced today, E.ON is acquiring one of the two storage units currently under construction - and thus 50% of the project's future storage capacity.

This is the first battery storage system of this size to be acquired by E.ON.


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