UK energy storage specialist Connected Energy has landed a major investment package from a trio of established energy investors.
German power giants RWE and E.On confirmed they have reached a contractual agreement for their proposed major asset exchange, but a late expression of interest from Macquarie could yet scupper the deal.
There is no guarantee that the Green Investment Bank (GIB) will ever live up to its original ambitions after a privatisation process that undersold it for the British taxpayer and the bank’s green intentions.
Behind the meter (BTM) storage in the UK’s commercial and industrial (C&I) sector could offer a 10GW market for battery energy storage under the right regulation and business models incorporating increased energy arbitrage.
Energy storage provider Connected Energy has secured £3 million of investment from Macquarie Group and ENGIE to fuel its growth plans in the UK and abroad.