By ESS News
A British battery storage developer has protected GBP 500 million ($ 675 million) investments in the public and private sector, creating a company that has been pronounced by storage developer of Grids scale Eelpower Limited.
It is expected that Eelmower Energy will be built, possesses and operates on storage activa on a grid scale and is aimed at supplying more than 1 GW new battery storage projects for the British grid.
De Bess – developer was founded by a consortium led by International Invitix, accompanied by Australian Pension Fund Abling Super and the National Wealth Fund (NWF) of the United Kingdom – a sovereign wealth fund of which the only shareholder is the British treasury. The NWF has promised to invest up to GBP 200 million in Eelpower Energy, according to Equitix. A spokesperson for Equitix confirmed ESS News That the investment is only for UK projects.
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