28 Feb '17, 8pm

Vitol in Joint Venture to Build Battery Storage Systems in UK

Vitol in Joint Venture to Build Battery Storage Systems in UK

Units of the commodities trader Vitol Group and the renewables investment fund Low Carbon Ltd. said they’d invest 250 million pounds ($311 million) to develop energy storage and distributed power-generation projects in the U.K. Their first endeavor conducted by a venture between them called VLC Energy will be two lithium-ion battery plants in the U.K., according to a statement. The facilities will have a combined capacity of 50 MW and require a “multi million-pound” investment, according to an e-mailed statement. The projects will be in Cumbria and Kent, in England. Low Carbon previously won contracts in National Grid Plc’s enhanced frequency response , also known as EFR, tender in August and also qualified for the capacity market auction with delivery for 2020. “Renewable energy is playing an increasingly important role in the U.K.’s energy mix, and as this role expands, ...

Full article: http://www.renewableenergyworld.com/articles/2017/02/vito...

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via @CleanTechnica

via @CleanTechnica

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.@SDGE unveils world’s biggest li-ion battery #EnergyStorage project -

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@netimpact

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