Multi-billion investment to deliver 60GWh of battery storage to UK

The company said it will drive over £10bn of investment into the UK’s energy transition as it develops the nation’s largest portfolio of clean power storage, adding that 60GWh of battery storage will provide 15-20 per cent of the energy storage needed in Britain by 2040. 

Large-scale solar and wind projects will follow later this year to support the UK’s ability to deliver 100 per cent renewable power by 2035.

In a statement, Stefano D. M. Sommadossi, CEO at NatPower UK, said: “The UK is unrivalled in its resources, skills, policy and potential, and ambitious leaders, government, investors, lenders, and developers will get us where we need to go. 

“The energy transition is not only the fastest way of providing cheaper, cleaner and more secure sources of power, but it is also a staggering opportunity for economic growth. 

“The UK has the unique chance to transform itself into an energy transition powerhouse, generating tens of thousands of highly qualified jobs, with the City of London becoming a central player in managing the $5tn of investment needed every year until 2030 globally, to make the energy transition a reality.”