NatPower announces the development of the largest project for the construction of battery storage systems for over 60 GWh in the UK

Over 10 billion GBP NatPower UK investments earmarked for the energy transition in the United Kingdom

•  NatPower UK’s developments, with a capacity of over 60 GWh, will make up around 15-20% of the battery energy storage system needs needed in the UK by 2040.
• Further new renewable energy projects (solar and wind) will be announced by NatPower UK in 2024.
• NatPower UK has allocated £600 million in investment to develop new substations in the electricity grid,

NatPower UK – independent developer of infrastructure projects for the energy transition of the NatPower Group in the United Kingdom – announces an investment of over 10 billion pounds for the development of the largest program in the UK for the construction of Battery storage for over 60 GWh.

By 2024 NatPower will develop new clean energy projects (solar and wind) that will help accelerate the UK’s journey towards the 100% renewable energy target by 2035.

In a scenario characterized by the request for a strong acceleration towards the energy transition by English public opinion, in the United Kingdom there is a decline in investments in projects linked to renewable energy by the Government, compared to the contributions allocated for green projects in the United States and Europe. NatPower’s investment therefore plays a central role in contributing to the achievement of 100% renewable energy in the country by 2035.

Fabrizio Zago, CEO of the NatPower Group declares : “We are proud to announce NatPower’s investment plan in the United Kingdom which will give new impetus to the promotion of an energy system fully focused on renewables and will accelerate the country’s path towards achieving net gas emissions greenhouse equal to zero. Today we present the largest program for the development of battery energy storage systems for over 60 GWh in the UK and we are ready to collaborate with institutions and players in the sector to make the energy production system increasingly efficient”.

Stefano DM Sommadossi , CEO of NatPower UK, said : “When it comes to resources, skills, policies and investments, the United Kingdom is unrivaled and companies like NatpPower will help achieve the goal the country has set for itself. The energy transition is not only the fastest and cheapest way to provide cleaner and safer sources of energy, but it also represents an incredible opportunity for economic growth.

The United Kingdom has the opportunity to transform itself into a true “powerhouse” for the energy transition, generating tens of thousands of highly qualified jobs and attracting to London a substantial part of the approximately 5 trillion dollars of investments needed every year to accelerate the energy transition by 2030.”

In a scenario in which network operators are unable to cope with the scale and speed with which the energy transition is progressing, as demonstrated by slowdowns in grid connections, NatPower presents itself to the market by adopting a different approach. The company has planned large-scale, nationwide development of battery energy storage systems, with 3 “GigaParks” to be licensed by 2024 and another 10 by 2025.

Over £600 million has also been allocated by NatPower towards the development of substations, to help speed up connections to the grid. Added to this investment are plans to develop large-scale solar and wind energy infrastructure which will be announced by NatPower UK later this year.

Battery storage is crucial in the journey towards achieving 100% renewable energy in the UK. The more energy is fed into the distribution network from renewable sources, the more batteries are needed to store energy for use when there are peaks in energy consumption or when renewable sources are not available. They also help to avoid problems of excess electricity production, a situation in which wind or solar energy producers, despite having invested in the plants, must suspend energy production and which could cost the country GBP 3.5 billion in 2030 .

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Stefano DM Sommadossi continues: “ To resolve the constraints that are slowing down investments in renewable energy, we will make investments in the energy distribution network, upgrading the substations for at least 15-20% of the new requirement. By investing in substations early on and focusing on energy storage systems, we will facilitate the next phase of the clean energy transition, thereby reducing the cost of energy for consumers.”

NatPower UK is part of NatPower Group, an independent developer of clean energy infrastructure projects with a team with over 25 years of experience. The company, with one of the largest pipelines of renewables projects in the world – over 30GW – is an accelerator of the energy transition process and includes all the main technologies: solar, wind, storage and hydrogen. In just a few years, NatPower has established itself as one of the most important independent developers and operates in 7 different countries: Italy, United Kingdom, USA, Canada, Kazakhstan, Tunisia and Chile.