NatPower UK, part of global energy transition developer NatPower Group, has announced a £10bn investment to deliver the UK’s largest portfolio of battery storage, totalling more than 60GWh.
According to NatPower UK, 60GWh battery storage could provide 15-20% of the energy storage needed in the country by 2040.
Stefano Sommadossi, CEO at NatPower UK, said: “The UK has the unique chance to transform itself into an energy transition powerhouse, generating tens of thousands of highly qualified jobs, with the City of London becoming a central player in managing the US$5 trillion of investment needed every year until 2030 globally, to make the energy transition a reality.”
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The company has a large-scale battery storage roll out planned nationwide, with the first three so-called ‘GigaParks’ going for planning permission in 2024 and 10 more in 2025.
Should be planning permission be obtained, two GigaParks would be located in the north of England, with a further site in the west of the country planned later this year.
The facilities would be built on industrial land through leasing deals with farmers.
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Some £600m is earmarked for the development of substations in the initial phase, to help overcome grid bottlenecks and connection delays.
This will be supported by large-scale solar and wind projects to be announced later.
Achievements and innovations in sustainable urban mobility will be celebrated at the third annual CiTTi Awards, which will be held on 26 November 2024 at De Vere Grand Connaught Rooms in London. Nominations are open now! Please visit www.cittiawards.co.uk to learn more about this unmissable event for the UK’s transportation sector.
