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RES

RES in new battery storage sale

Fri, 08/25/2017 - 14:14 -- News Editor
RES in new battery storage sale

London-listed investment company TRIG has acquired 100% of an energy storage project in Scotland for GBP20 million ($26m) from renewable energy developer RES (Renewable Energy Systems).

The 20MW energy storage site in Broxburn, equipped with Samsung SDI’s lithium-ion technology, was developed and will be operated by RES.

 

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Private equity firm Foresight acquires UK battery storage facility

Tue, 06/27/2017 - 15:33 -- Xuan Zhong
Private equity firm Foresight acquires UK battery storage facility

Infrastructure and private equity firm the Foresight Group has acquired the utility scale Port of Tyne 35MW battery storage project in the UK from Renewable Energy Systems (RES) for an undisclosed sum.

Foresight said the acquisition of the lithium-ion project, which RES will continue to develop and then operate, “is the largest of the National Grid’s enhanced frequency response battery storage projects to attract investment from an infrastructure investment manager in the UK”.

 

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Italy’s Enel buys UK project

Thu, 05/25/2017 - 10:22 -- Xuan Zhong
Italy’s Enel buys UK project

Italian electricity utility Enel has purchased a 25MW stand-alone battery storage project in Newcastle, UK, by acquiring shares in Tynemouth Energy Storage Limited (TESL) from Element Power, a London-headquartered energy company.

RES, a UK-based renewable energy developer, will construct and deliver the lithium-ion battery energy storage system (BESS), named RESolve, and operate it from its 24-hour control centre in Glasgow.

 
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