Energy storage business Eku Energy has announced its acquisition of renewable energy developer Bluestone Energy’s UK portfolio of energy storage projects.
Eku have secured 7 planned battery energy storage system (BESS) projects, with a combined capacity of 1 GW/ 2 GWh. These include a 98MW /196 MWh project at Leatherhead in Surrey, a 98 MW/ 196 MW hour project at Sturts Farm Westmoors in Dorset and two 40 MW projects- one in East Sussex and one in Kent, plus others. The transaction is expected to be completed in the first half of 2025.
Bluestone and Eku entered a joint development agreement (JDA) in 2022 allowing the companies to jointly identify and progress sites until they were ready for construction. Eku was to then take the projects through to delivery with construction and operations teams.
Eku has 3 current projects in the UK: a 40MWh Maldon BESS in operation and two others under construction- a 28 MW/56 MWh Basildon BESS and 40 MW/55 MWh Loudwater BESS.
EKU Energy say they operate across the entire project life cycle, from origination and development through to construction and ongoing management. The company also have projects in Australia, Japan and Italy.
