NHOA: Eku Energy announces two new UK battery storage projects totalling 130MWh
20 Luglio 2023 - 9:14AM
Business Wire
Regulatory News:
Global energy storage developer Eku Energy is due to commence
construction shortly on two new battery storage projects in the UK.
Together the two projects in Basildon, Essex and Loudwater,
Buckinghamshire have an installed capacity of 130MWh and will
provide vital flexibility to support the UK electricity system,
enable more renewable generation and advance the UK’s clean energy
transition.
Since its launch in November 2022 Eku Energy has expanded
rapidly and now has 1.2GWh of battery storage in delivery with
operations in Australia, Italy, Japan, Taiwan and the UK.
The company has placed an order with NHOA Energy, NHOA Group’s
(NHOA.PA, formerly Engie EPS) business unit dedicated to energy
storage, to supply two stand-alone battery energy storage systems
for Basildon and Loudwater. Construction is due to commence at both
sites in Q4 2023 and they are expected to be commercially
operational by the end of 2024.
The deal between Eku Energy and NHOA Energy is an opportunity to
develop a strong partnership as both businesses expand into new
markets. NHOA Energy and Eku Energy will also undertake a long-term
service agreement regarding the batteries’ operational
maintenance.
In its latest Future Energy Scenarios1 published this month,
National Grid indicated it expects 10-20GW of battery storage to
connect by 2030, up from 2.8GW today. Once operational, Basildon
and Loudwater will provide vital grid services to increase system
resilience and support the UK’s net zero transition.
Sandra Grauers Nilsson, CEO of Eku Energy commented:
“Battery storage is essential to the decarbonisation of electricity
systems globally and Eku Energy is focused on delivering safe,
secure and reliable solutions at scale and pace. We’re delighted to
have partnered with NHOA Energy on these two new battery storage
projects as we continue to expand our global battery storage
portfolio”.
Lucie Kanius-Dujardin, NHOA Energy’s Executive Vice
President - Global Markets & Development commented: “We
cannot wait to start working with Eku Energy on the Basildon and
Loudwater projects, given our common values and similar approach to
the energy transition. Entering the UK market with over 130MWh of
projects for Eku Energy, a globally recognised energy storage
developer, is an important step forward in NHOA Energy’s journey
and proves once again our global reach and execution
capabilities”.
Eku Energy already has a 40MW/40MWh battery in Maldon, Essex in
construction and recently announced a new partnership with Renera
Energy to develop 1GW of battery storage in Italy.
The company was initially established by Macquarie’s Green
Investment Group and is now jointly owned by a Macquarie Asset
Management managed fund and British Columbia Investment Management
Corporation (BCI).
ENDS
About Eku Energy
Initially established by Macquarie’s Green Investment Group, Eku
Energy is jointly owned by a Macquarie Asset Management managed
fund and British Columbia Investment Management Corporation (BCI).
Eku Energy’s purpose-built team brings together specialist
technical capabilities, with experience across origination,
development, system design, power markets and software
optimisation. By combining technical, digital and financial
innovation with a local partnership approach and data driven
understanding of markets, the company develops sophisticated
revenue contracting strategies that maximise the benefits of energy
storage systems in any given location. For more information, visit
Eku Energy.
About NHOA Group
NHOA S.A. (formerly Engie EPS), global player in energy storage,
e-mobility and EV fast and ultra-fast charging infrastructure,
develops technologies enabling the transition towards clean energy
and sustainable mobility, shaping the future of a next generation
living in harmony with our planet.
Listed on Euronext Paris regulated market (NHOA.PA), NHOA forms
part of the CAC® Mid & Small and CAC® All-Tradable financial
indices.
NHOA, with offices in France, Spain, United States, Taiwan and
Australia, maintains entirely in Italy research, development and
production of its technologies.
For further information, go to www.nhoa.energy
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1 National Grid Future Energy Scenarios 2023
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version on businesswire.com: https://www.businesswire.com/news/home/20230720275342/en/
Media enquiries Eku Energy: Nicole Johnstone M:
+44 (0) 776 103 9701 E: nicole.johnstone@ekuenergy.com
NHOA Group: Press Office: Claudia Caracausi and Davide
Bruzzese, Image Building, +39 02 89011300, nhoa@imagebuilding.it
Financial Communication and Institutional Relations: Chiara Cerri,
+39 337 1484534, media.relations@nhoa.energy
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