Zenobe to begin construction on 100MW/107MWh battery following Santander financing

• Battery storage space firm Zenobe has actually introduced it is to start construction on its 100MW/107MWh battery at Capenhurst, near Chester.

This follows Santander UK offering new funding, taking the overall it has actually supplied Zenobe-- in the form of a non-recourse financial obligation facility-- to over ₤ 60 million.

The battery is to be Europe's largest as well as expense 10s of countless extra pounds, according to Zenobe, along with being the initial to soak up responsive power straight from the transmission grid. Anticipated to be finished by April 2022, it has already been granted a reactive power agreement awarded by National Grid ESO to aid manage the boosted volatility in the regularity and voltage of the network in the Mersey area. This, alongside having a long-term route to market contract with EDF Trading, is helping to underpin the project money package, which builds on a first-of-a-kind center in between Zenobe and also Santander UK in 2019.

The funding additionally includes an uncommitted ₤ 30 million to sustain future development aspirations as well as brand-new projects established by Zenobe. It adheres to the business raising ₤ 150 million from Infracapital, the infrastructure equity investment arm of M&G Plc, in 2020.

Nicholas Beatty, Co-Founder as well as Supervisor, Zenobe, stated: "The added financial debt increased as well as dedicated will certainly be crucial in permitting us to roll out this project and also our future pipe of battery energy storage space projects across the UK."

Zenobe currently has 75MW of operational grid-scale batteries, with these offering a series of solutions consisting of balancing, Dynamic Containment as well as responsive power solutions in the UK.

In May, it revealed it is developing Scotland's very first transmission-connected battery storage space project, with the 50MW project in Wishaw, North Lanarkshire expected to be functional by the end of 2022. It is meant the battery will certainly help to assist alleviate grid constraints, secure the system and also allow higher renewable resource growth