Wednesday, 17 May 2017

Enel buys battery energy storage project in the UK

Example for battery energy storage units Example for battery energy storage units

Italy’s state-owned utility Enel has bought the Tynemouth stand-alone battery storage project in the North East of England from Element Power for approximately 20 million euros. The construction-ready project is an “investment opportunity,” according to Enel said, as it is supported by a 4-year Enhanced Frequency Response (EFR) contract to provide grid balancing services.

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