Liquid storage solar power plant in the uk

Where will a liquid air energy storage plant be built?

Construction to begin imminently at commercial-scale liquid air energy storage (LAES) plant in the United Kingdom. Major investors include Centrica, which joins as a strategic partner. From pv magazine ESS News

Where is Highview Power storing liquid air energy?

A render of Highview’s liquid air energy storage facility near Manchester. Image: Highview Power. Liquid air energy storage firm Highview Power has raised £300 million (US$384 million) from the UK Infrastructure Bank (UKIB) and utility Centrica to immediately start building its first large-scale project.

How much money does Highview Power need to build a liquid air storage plant?

Highview Power has secured a £300 million investment to build the UK’s first commercial-scale liquid air energy storage (LAES) plant. This funding comes from the UK Infrastructure Bank, Centrica and a consortium of investors including Rio Tinto, Goldman Sachs, KIRKBI and Mosaic Capital.

Is Highview Power ready to build a 300 MWh liquid air energy storage plant?

Highview Power is ready to start building a 300 MWh liquid air energy storage (LAES) plant in the United Kingdom after securing GBP 300 million ($383 million) from a syndicate of investors. The British LAES company raised the capital in a funding round led by the state-owned UK Infrastructure Bank and energy multinational Centrica.

What is liquid air energy storage?

Yoav Zingher, CEO at KiWi Power Ltd, said “Liquid Air Energy Storage (LAES) technology is a great step forward in the creation of a truly de-centralised energy system in the UK allowing end-users to balance the national electricity network at times of peak demand.

Who is funding a new energy storage plant in Manchester?

This funding comes from the UK Infrastructure Bank, Centrica and a consortium of investors including Rio Tinto, Goldman Sachs, KIRKBI and Mosaic Capital. The new facility will be located in Carrington, Manchester and will become one of the largest long duration energy storage (LDES) plants globally.