£130m Secured for Energy Storage ‘Stability Island’ to Bolster Scotland’s Grid Resilience

£130m secured for energy storage ‘stability island’ to bolster Scotland’s grid resilience

“As Scotland scales its renewable energy production, it’s critical that grid resilience is fortified so that more of it can be used” – Mark Munro, SNIB

Highview long duration storage surpasses £500m in funding

Highview has secured £130 million in funding to commence work on the first stage of its planned 3.2GWh hybrid long-duration energy storage solution in Hunterston, Scotland. This brings the total raised to commercialise and roll out Highview’s long duration storage solutions to over £500 million. This latest investment round, involving Scottish National Investment Bank (SNIB), the British multinational energy and services company Centrica, and in…

Highview secures £130m funding for long-duration energy storage solution

Highview has secured £130m ($171.13m) in funding to initiate phase one of its planned 3.2GWh long-duration energy storage (LDES) facility in Hunterston, Scotland.