Alcemi joins forces with Copenhagen Infrastructure Partners for 4GW battery storage portfolio

• Alcemi as well as Copenhagen Infrastructure Partners (CIP) have actually partnered for the development, building and construction and operation of a 4GW portfolio of UK energy storage space assets.

The projects are presently in late-stage growth as well as are to be between 300MW and 500MW each, with a storage period of approximately four hours. This makes them some of the largest energy storage projects in Europe, the two business stated.

They are being established at strategic areas that will certainly support the transmission system by limiting the influence of network restraints, with this to help reduce the general cost of energy for consumers in addition to reduced the carbon strength of the UK power industry, by ensuring far better exercise of renewable energy as well as a result restricting the requirement for fossil fuel power generation during durations of peak need.

Alcemi stemmed the projects, as well as is to continue to develop the projects with the assistance of CIP and Alcemi's founding capitalist Susgen. Procurement activities are to be largely led by CIP and initiated later on this year ahead of construction of the very first project, which is scheduled to begin in 2023.

Further projects in the pipe are expected to go into construction regularly, and then energise throughout the 2nd fifty percent of this decade, the firms said.

"We expect these projects to enable a cost-efficient transition in the direction of the low carbon, extremely resistant power generation industry in the UK," Christian Skakkebæk, elderly partner at CIP, claimed.

CIP manages 9 funds and has approximately EUR16 billion (₤ 13.5 billion) of assets under management focused on financial investments in energy infrastructure, consisting of offshore wind, onshore wind, solar PV, biomass as well as energy-from-waste, transmission and distribution, reserve capability and also storage, and also various other energy assets like Power-to-X.

Other large battery storage space projects in the UK include 2 400MW/800MWh projects under development by Amp Energy, a 360MW Sembcorp Energy UK project and the 100MW/107MWh Capenhurst project from Zenobē to name a few projects.