Phase 1 of our portfolio comprises a pipeline of over 90MW/160MWh of ready-to-build flexible generation and energy storage assets. We have a further ~2.5GW/~5GWh of pipeline projects, which is expected to continue to grow through active development and portfolio acquisitions.

Battery Energy Storage Systems
Battery Energy Storage Systems (BESS) play a critical role in balancing the UK grid system. They do this in two main ways:

1. By providing valuable frequency response and management services, ensuring the national energy system maintains a smooth frequency at 50Hz.
2. By enabling the transition from a high-carbon emitting energy generation system to a Net Zero carbon-emitting energy generation system. BESS do this with greatest influence through a process of storing excess power during periods of oversupply of renewably generated power and/or low national energy demand, then releasing the stored energy back onto the grid during periods of undersupply of power and/or high national energy demand. Without this energy balancing flexibility provided by BESS a great deal of renewably generated energy would be wasted in periods of low demand, and significant quantities of carbon would be emitted by the hydrocarbon-fuelled assets required to plug the gaps in renewable energy undersupply during periods of higher demand.

Our national energy system in the UK is projected to require 23-27GW of BESS by 2030 (Source: National Energy System Operator’s (NESO) Clean Power 2030 publication) and currently only has ~4.5GW of operational assets as at Q4 2024.

Flexible Generation
There are occasions when renewable sources of energy do not generate enough power, preventing BESS from providing the continuity and longevity of power required to meet the demand on the grid system. It is on these occasions when “dispatchable” flexible generation is required to play an important role in the form of small and locally deployed, fast-response power plants (e.g. Gas Peakers). These assets aid the energy system’s transition from a high carbon-emitting system to a Net Zero carbon system by being many times more flexible than traditional, large, baseload gas generation (e.g. Combined Cycle Gas Turbines aka CCGT’s), which means they can be easily and cheaply deployed and maintained around the UK’s energy system, available to meet the needs of the system at a moments notice, before quickly shutting down again and lying dormant until the next time the need arises.

As an additional benefit, these small Flexible Generation assets can provide power on the lower voltage distribution networks, freeing up the congested higher voltage distribution and transmission-level networks for the connection of critical renewable power generation and other nationally significant infrastructure projects.

During their operational lifetimes our Gas Peakers are planned to be converted to run on a mixture of natural gas and hydrogen – reducing their carbon emissions – before eventually being converted to run solely on hydrogen – vastly reducing their carbon emissions.

We expect our portfolio to be fully compliant under the EU Sustainable Finance Taxonomy.