Masdar Acquires Arlington for Renewable Energy Storage in UK, Europe

• The acquisition will certainly enable Masdar to increase its presence in the UK and also European RE markets and also support nations' net-zero objectives.
• Along with the Arlington acquisition, Masdar likewise means to boost its financial investment in offshore wind as well as various other renewables projects in new and also current markets, consisting of the UK.

Renewable energy corporation Masdar has actually announced that it has actually acquired UK-based battery energy storage system (BESS) developer Arlington Energy that will certainly enable Masdar to increase its presence in the UK as well as European RE markets as well as support countries' net-zero objectives.

Arlington Energy explores developing, structure, running and funding flexible energy options; having taken over 170 MW of properties with to operation in the past 2 years. Masdar claimed its acquisition of Arlington Energy will enable the development, construction, operational administration, and also financing of BESS projects under one Masdar-Arlington platform.

Mohamed Jameel Al Ramahi, CEO, Masdar, claimed, "By collaborating, we will have the ability to provide a much more resistant as well as flexible energy source, aiding to accelerate the UK and other European countries' clean energy transitions, as well as sustaining our efforts in increasing our offshore wind and also more comprehensive renewables portfolio."

Matthew Clare, Co-founder and also Director, Arlington Energy, held, "With Arlington's experience and also knowledge in the procurement, construction as well as functional management of BESS, and also Masdar's international capabilities in renewable energy, integrating pressures is an all-natural development. This collaboration produces a business with huge potential, right away capable of providing at range domestically, as well as in other markets in the future, as even more nations join the UAE and UK in setting net-zero targets."

Masdar held that Europe can need as much as 200 GW of storage capacity by 2030, if it is to meet its renewable energy targets. The UK alone may need as much as 50 GW of storage capacity by 2050, to attain its target of net-zero carbon discharges by 2050, according to the National Grid.

The firm mentioned that BESS remedies give flexible energy to the grid, helping to overcome renewables' intermittency challenges, as well as permitting energy to be released during peak demand, aiding to ensure system safety and security while keeping customer expenses down.

Alongside the Arlington acquisition, Masdar likewise intends to boost its financial investment in offshore wind as well as various other renewables projects in new and current markets, consisting of the UK.

Masdar is currently a leading investor in the UK's offshore wind industry, with stakes in London Array, one of the world's largest offshore wind farms; the Dudgeon offshore wind farm off the shore of Norfolk; and also Hywind Scotland, the world's first commercial-scale floating wind farm.