Joint venture marks RPC’s first venture into the UK battery storage market. Image: Getty.
Renewable Power Capital (RPC) is set to work with UK battery storage firm Eelpower to develop 1GW of utility scale energy storage capacity in the UK.
The joint venture will acquire, build and operate utility-scale storage projects and is targetting the development of up to 1GW of storage, with a current pipeline of 240MW to be built over the next 24 months.
A key aspect of the joint venture is providing battery energy storage for participation in wholesale markets. This will additionally provide ancillary services to the National Grid and enable further decarbonisation in order to transition the energy network to net zero emissions.
RPC is a pan-European renewable energy investment platform headquartered in London. The firm invests in a range of renewable technologies such as solar, onshore…