Banks' Big Battery: 200-MW Power for 600K Homes

• Banks Renewables, the renewable energy division of the Banks Group, unveils plans to build a 200-MW battery storage system in Scotland to power 600,000 homes. Brookfield Asset Management acquires Banks Renewables, investing in their wind, solar and storage projects.

Banks Renewables, the renewable energy division of the Banks Group, has unveiled plans to build a 200-MW battery storage system in Scotland. The Pond Energy Park facility, located near Bathgate in the West Lothian council area, is expected to cost over GBP 100 million and could supply the average demand of 600,000 homes for two hours. A planning application for the project is expected to be lodged later this year, followed by community consultations. Canadian investment firm Brookfield Asset Management recently agreed to acquire Banks Renewables in a deal valued at nearly USD 1 billion. The business is developing a range of wind, solar and storage projects and currently has 11 onshore wind farms in operation.

What Is the Cost of Banks Renewables' 200-MW Battery System in Scotland?

• The Pond Energy Park battery storage system is expected to cost over GBP 100 million.
• The facility is located near Bathgate in the West Lothian council area.
• It will have a capacity of 200 MW and could supply the average demand of 600,000 homes for two hours.
• Banks Renewables was recently acquired by Canadian investment firm Brookfield Asset Management in a deal valued at nearly USD 1 billion.
• The business currently has 11 onshore wind farms in operation and is developing a range of wind, solar and storage projects.
• A planning application for the project is expected to be lodged later this year, followed by community consultations.