• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Prices and Markets

Renewables Infrastructure investing in battery storage project

Renewables Infrastructure investing in battery storage project – The Board of The Renewables Infrastructure Group has announced that the company has completed the acquisition of a 100% interest in Broxburn, a battery energy storage project which is currently under construction in West Lothian, Scotland. Broxburn, a 20MW battery, was developed and is being constructed by RES, TRIG’s […]

Edward Marten by Edward Marten
2017-08-14 15:01
in Prices and Markets
FacebookTwitterLinkedinEmailWhatsapp

Renewables Infrastructure investing in battery storage project – The Board of The Renewables Infrastructure Group has announced that the company has completed the acquisition of a 100% interest in Broxburn, a battery energy storage project which is currently under construction in West Lothian, Scotland.

Broxburn, a 20MW battery, was developed and is being constructed by RES, TRIG’s Operations Manager. Construction is scheduled to be completed in early 2018. The Project is expected to have an operational life of 15 years. Broxburn has no debt financing and benefits from a bespoke bilateral contract with National Grid Electricity Transmission plc to provide dynamic, two-way grid balancing services. For the initial four years of operations under the contract, revenues are substantially based on pre-determined, RPI-indexed availability payments.

TRIG’s total investment of GBP20m is expected to be financed from cash resources and a drawdown of the Group’s revolving acquisition facility. TRIG’s portfolio now consists of 56 projects and will have an aggregate net output capacity of 774MW once Broxburn is constructed.

Helen Mahy CBE, Chairman of TRIG, said: “The use of battery storage is becoming increasingly important in enabling grid networks to match fluctuations in the supply and demand of electricity and to stabilise power frequency. This becomes especially vital as the installed base of renewables generation increases. We are excited to be playing a part in this by investing in Broxburn, one of the first large-scale commercial power storage projects to be developed in the UK.”

Rachel Ruffle, RES Managing Director, said: “We are delighted to be supporting TRIG as it expands its investment portfolio into energy storage with RES’ facility at Broxburn. Energy storage will play a vital role in the future of the UK grid network through delivering flexible services to support the UK’s economic growth and enable more low cost, renewable energy to be used.We look forward to delivering and operating the project at Broxburn for TRIG.”

TRIG : Renewables Infrastructure investing in battery storage project

RelatedPosts

Has Bitcoin bottomed out?

Five reasons why Bitcoin could be stuck in a temporary rut

Business Mogul Skeptical About Cryptocurrencies, Prefers NFTs

Nornickel’s GPF Rolls Out Instrument to Invest in Metals for Electric Car Industry

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Health-Conscious Bargain Hunters; Brits Spend Twice As Long on Weekly Shop

US executes second death row inmate in two days, as killings continue during Trump’s lame-duck period

Dominic Cummings’ wife denies Boris Johnson groped her too

British citizenship removed from hundreds of people over past 15 years

Thunderball Results for Saturday 5 March 2022 Tonight’s winning numbers

Partner of asylum seeker Mercy Baguma found dead with her starving baby speaks out

Water Fooler: See if you can hydrate in the Highlands

Teenage crash victim declared dead has stunned doctors with astonishing recovery

EuroMillions Results for Friday 17 December 2021 Tonight’s winning numbers

Veolia’s bid for Suez “an aberration and destructive for France” – but could it discredit the myth of the European champion?

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.