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Stock impact report

SSE takes final investment decision on Derrymeen BESS in Northern Ireland [Yahoo! Finance]

SSE PLC S/ADR (SSEZY) 
NASDAQ:AMEX Investor Relations: sse.com/investors
Company Research Source: Yahoo! Finance
The BESS will support the country's shift towards a renewable energy-powered electricity grid. The new Derrymeen facility will be situated next to the Tamnamore 275/110kV substation near Dungannon, providing 100MW of capacity and two hours of storage, which is equivalent to 200MWh. The BESS will directly connect to the substation and take part in the all-island Integrated Single Electricity Market. Upon being operational, the BESS will contribute to balancing the electricity grid by storing renewable power when generation is high and releasing it during periods of higher demand. Construction is set to commence later in 2026 following initial activities such as detailed design and procurement of essential equipment, including the main grid transformer. These preparatory steps are already underway. Grid connection activities will be managed in coordination with the System Operator for Northern Ireland and Northern Ireland Electricity Networks. The project is also expected Show less Read more
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