As a first mover in energy storage we have advised on some of the UK’s pathfinder large scale standalone energy storage projects, National Grid contracted battery energy storage projects – including a significant number of projects which were awarded National Grid EFR, FFR and Capacity Market contracts – and multi-technology projects which combine energy storage with other assets such as solar or wind.

Because we are embedded in the sector, we are connected to and act for key stakeholders including developers, funders, asset managers and investors. Our multi-disciplinary team advises on all aspects of energy storage projects including real estate, planning, finance, corporate, grid, offtake, PPA and construction advice.

Our recent experience includes advising:

  • Advising on operational, shovel ready and development stage projects across all UK jurisdictions

  • Advising banks and funders in relation to the project structuring and funding options for multi-technology, grid balancing and stand-alone energy storage projects.

  • Providing go-to-market advice in relation to different revenue models including corporate PPAs, complex private wire projects with a long-term take-or-pay PPA, and bespoke contracts that provide secure revenue streams.

We are associate members of the Electricity Storage Network

Highlights

  • Arlington on the sale of four greenfield battery storage plants with a combined capacity of 110MW to French investment management company RGREEN INVEST as its first step into the UK market. The purchase was funded by the INFRAGREEN IV fund, which had raised €670 million when it closed in June.
  • Santander in relation to its new funding to Zenobe, taking the total provided – in the form of a non-recourse debt facility – to over £60m. Following this funding Zenobe will begin construction on 100MW battery at Capenhurst, near Chester. The battery will be Europe’s biggest and the first to absorb reactive power directly from the grid.
  • Intelligent Land Investments on the sale of 50MW Auchteraw battery energy storage project in Scotland to Field (previously called Virmati Energy).  This is ILI’s fifth battery storage deal to conclude in the past 12 months, taking the total of funded projects to 250MW.

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