NatPower UK, a subsidiary of the NatPower Group, has unveiled plans to invest £10 billion (US$12.8 billion) in the UK battery energy storage sector by 2040. This massive investment aims to bring online over 60GWh of capacity, marking a significant step towards a cleaner and more sustainable energy future.

The company will initially focus on deploying battery energy storage systems (BESS) before expanding into large-scale solar and wind projects later this year. NatPower UK plans to develop "GigaParks," with the first three projects set to undergo planning permission in 2024, followed by an additional 10 in 2025.

A substantial portion of the investment, £600 million, will be dedicated to developing substations in the initial phase. This move is crucial in addressing grid bottlenecks and connection delays, which have been major obstacles for renewable energy projects. NatPower UK aims to collaborate with grid operators to deliver over 20% of the new substations required, facilitating a smoother transition to clean energy.

Stefano Sommadossi, CEO of NatPower UK, emphasized the importance of this investment in overcoming grid challenges and reducing energy costs for consumers. He stated, "By investing in substations and prioritizing energy storage, we will enable the next phase of the energy transition and contribute to the UK's goal of achieving 100% renewable energy targets."

In related news, a planning committee for Swale Borough Council has recently refused an application to install a battery storage asset at the Cleve Hill Solar Park. Residents' concerns about safety management, particularly regarding the use of lithium ferrophosphate batteries, led to the rejection. The decision underscores the importance of robust safety measures and community engagement in renewable energy projects.

Source: solarpowerportal.co.uk