Quinbrook and E.ON to Construct Large-Scale Battery Storage Project at Uskmouth, South Wales [Yahoo! Finance]
E.ON SE S/ADR (EONGY)
NASDAQ:AMEX Investor Relations:
eon.com/en/investor-relations.html
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Source: Yahoo! Finance
LONDON, March 19, 2024 BUSINESS WIRE )--Quinbrook Infrastructure Partners ("Quinbrook"), a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition, today announced a partnership with E.ON to construct a 230MW/460MWh Battery Energy Storage System in South Wales at Uskmouth. E.ON will acquire 50% of the project capacity and jointly invest in its construction. Uskmouth is one of the largest battery storage projects currently under construction in the UK and directly supports the country's energy transition. Quinbrook acquired the exclusive development rights for the project in June 2022 and since then has completed all major development milestones including planning approvals, grid import agreements with National Grid, project design and equipment procurement, and commenced construction works in November 2023. The project is expected to be operational in Q1 2025. "E.ON shares our commitment to sustainable development goals and
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