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New Energy Group Urban Investment Energy Storage

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Global news, analysis and opinion on energy storage innovation

Subscribe to Newsletter Energy-Storage.news meets the Long Duration Energy Storage Council Editor Andy Colthorpe speaks with Long Duration Energy Storage Council director of markets

New Energy Group Urban Investment Energy Storage [PDF]

6 FAQs about [New Energy Group Urban Investment Energy Storage]

Will 1GW of battery storage be developed by new energy partnership?

1GW of battery storage will be developed by New Energy Partnership in the UK by 2025. We are looking at current and future technologies to bring the latest innovations to our portfolio. We are able to draw on our significant experience of energy infrastructure M&A and financing to ensure projects are delivered through to commercial operation.

Is Macquarie's Green Investment Group acquiring a 40 MW battery storage project?

Macquarie’s Green Investment Group (GIG) has reached financial close on a 40 MW battery storage project, located in Maldon, Essex. Earlier this year, GIG announced the acquisition of a portfolio of development-stage utility-scale, distribution-connected battery storage projects in the UK from Capbal Limited.

What is new energy partnership?

New Energy Partnership, an experienced team backed by significant equity investment are targeting delivery of more than 2GW of Battery Energy Storage Systems (BESS) and renewable energy projects this decade to support the country’s transition to Net Zero.

How will EKU energy support the energy transition?

Eku Energy will support the energy transition by helping to increase renewable energy capacity in the grid and providing the dispatch-able clean power needed to ensure safe, reliable, and sustainable energy supplies. Macquarie Asset Management’s Green Investment Group has today launched global battery storage platform Eku Energy.

Where are gig battery storage projects located?

Earlier this year, GIG announced the acquisition of a portfolio of development-stage utility-scale, distribution-connected battery storage projects in the UK from Capbal Limited. This portfolio includes seven projects strategically located in highly congested areas of the UK network, including Scotland and South-East England.

Who owns gig?

The GIG was acquired by Macquarie Asset Management in 2017 from the UK government. It has a total of 45 GW of clean energy projects under development. Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here. Reporting by Nina Chestney, editing by Ed Osmond

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