Ameresco and Envision Energy Secure $249 Million Contract for UK’s Largest Battery Energy Storage Project | CSIMarket News

Ameresco and Envision Energy Secure $249 Million Contract for UK’s Largest Battery Energy Storage Project

Published | Modified
CSIMarket Newsroom | CSIMarket.com
Illustrative image

Framingham-based clean technology integrator Ameresco, Inc. (NYSE: AMRC) announced its recent partnership with Envision Energy to construct the Cellarhead project. This groundbreaking venture entails the construction of a 300-megawatt (MW) battery energy storage project, making it one of the largest in the United Kingdom. The project, valued at $249 million (196.5 million GBP), will provide crucial support to the UK’s National Grid and enhance the country’s energy storage capabilities.

Ameresco enters into a $249 million contract for the Cellarhead project:

Ameresco, known for its expertise in energy efficiency and renewable energy solutions, has signed a significant $249 million contract with Atlantic Green. The contract involves the development of the Cellarhead battery energy storage project, which will possess a maximum energy capacity of 624 megawatt hours (MWh). This ambitious endeavor aims to contribute to the reliability and stability of the National Grid’s Cellarhead sub-station.

Partnership with Envision Energy

Envision Energy, a global leader in sustainable energy technology, has been selected by Atlantic Green to collaborate with Ameresco on the Cellarhead project. The partnership brings together Ameresco’s extensive experience in clean technology integration with Envision Energy’s expertise in battery energy storage systems. This alliance is poised to bolster the project’s success and demonstrates a commitment to advancing renewable energy solutions.

Implications for the National Grid and UK energy sector:

The Cellarhead battery energy storage project will serve as an essential asset to the UK’s National Grid. By storing vast amounts of electrical energy, the project aims to enhance the grid’s reliability and efficiency, ultimately reducing the risk of power outages. In addition, the project’s substantial capacity will help manage fluctuations in demand and supply, thereby supporting the integration of renewable energy sources into the national grid.

Advancing the UK’s energy storage capabilities:

The significant investment in the Cellarhead project highlights the UK’s commitment to expanding its energy storage capabilities. By incorporating large-scale battery energy storage systems like Cellarhead, the UK can efficiently store excess renewable energy, ensuring its availability when demand is high or when intermittent energy sources are not producing electricity.

Conclusion:

Ameresco and Envision Energy’s collaboration on the Cellarhead project represents a groundbreaking milestone in the UK’s efforts to enhance its energy storage capabilities. This $249 million contract signals a significant investment in clean technology and renewable energy integration. As the largest battery energy storage project of its kind in the UK, Cellarhead is poised to strengthen the National Grid’s stability and support the country’s transition to a sustainable and resilient energy future.

Source for this article: Based on Ameresco Inc ’s official statement
For details on how CSIMarket validates financial and corporate news, please review our Editorial Standards & Fact-Checking Policy .
Tags:
#BusinessUpdate, #NYSE, #customers, #AMRC, #Ameresco Inc, #Construction Services
Share this article:
Link copied to clipboard.

Comments

Comments are available to active subscribers. Subscribe or Log in.
Get the full CSIMarket dataset: Subscribe API License