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Funding Set to Accelerate Transformation of Former Power Station to Major Battery Storage Site

Summary by Business News Wales
Funding has been secured to accelerate the transformation of a former power station in Newport into one of the UK’s largest Battery Energy Storage Systems (BESS). The Strategic Premises Fund of Cardiff Capital Region (CCR), the regional body made up of the ten local authorities in South East Wales, has loaned £8.5 million to Simec Atlantis Energy Limited (SAE) for the scheme. The loan will accelerate the delivery of the Uskmouth facility by fund…
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Business News Wales broke the news in on Sunday, April 20, 2025.
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