Statera launches 50MW UK battery

• Minety South Storage 2 in Wiltshire takes developer's overall functional portfolio to 350MW

Statera Energy has actually started procedures of a 50MW battery in the UK.

The Minety South Storage 2, in Wiltshire, safeguarded funding from Santander and also Natwest.

The project funding method by the banks offered ₤ 86m plus a ₤ 30m accordion facility via club financing to support the new battery storage facility along with several various other energy projects in Statera Energy's portfolio.

Minety South Storage 2 sits next to another Statera Energy battery storage center, which got in industrial operation previously this year, and the two facilities have a cumulative capacity of 100MW.

The completion of Minety South Storage 2 takes Statera Energy's overall functional portfolio to 350MW.

The portfolio sustained by Santander UK as well as NatWest's club financing is 250MW well worth of energy assets, including 150MW of battery storage and also 100MW of gas-fired flexible generation.

A further 100MW battery storage project schedules for conclusion next year.