British Gas owner Centrica helps back £300m UK energy first

City AM

British Gas owner Centrica helps back £300m UK energy first

Centrica, the owner of British Gas, has helped raised £300m for the first commercial-scale liquid air energy storage (LAES) plant in the UK. Highview Power’s funding round was also led by the UK Infrastructure Bank alongside a syndicate of investors including Rio Tinto, Goldman Sachs, KIRKBI and Mosaic Capital. The money will aid the construction of one of the world’s largest long duration energy storage (LDES) facilities in Carrington, Manchest…