Masdar has bought UK-based Arlington Energy for an undisclosed price, with the aim of expanding its presence in the renewables and energy storage market.
The deal will play a part in Masdar’s further plans to pursue offshore wind in the UK and other markets.
Arlington has 170 MW of assets in operation. Masdar said the deal would allow it to develop, construction, manage and finance battery energy storage systems (BESS).
“Masdar and Arlington Energy share a long-standing belief that greater investment in energy storage is critical if countries are to expand their renewable energy portfolios and achieve their net-zero ambitions,” said Masdar CEO Mohamed Jameel Al Ramahi.
Working together will allow the companies to be more resilient and flexible, he said. They will be able to “accelerate the UK and other European countries’ clean energy transitions, and supporting our efforts…
Masdar buys UK energy storage company
