Simec Atlantis inks Uskmouth battery deal
- 230MW development includes a modification of the grid connection agreement and a planning application
Simec Atlantis Energy (SAE) has actually gotten in an agreement with Energy Optimisation Solutions as well as Quinbrook Infrastructure Partners to supply a 230MW battery project.
The portfolio company Uskmouth Energy Storage (UES) will certainly possess and also run the project.
The development includes a modification of the grid connection agreement and a planning application, the latter to be identified by Newport City Council.
Building and construction is anticipated to take 18 months, with the project expected to come to be functional towards the end of 2024.
The energy storage system will deliver to SAE ₤ 40m in profits over 30-years, of which ₤ 11m will be paid within the next 18 months, based on the achievement of certain milestones, the business said.
