Canadian Solar gets 500 MW supply contract for battery storage project in UK
Reuters
Published Dec 07, 2023 13:51
Updated Dec 07, 2023 15:01
(Reuters) -Canadian Solar will supply battery storage technology of 500 MW to Danish green investment company Copenhagen Infrastructure Partners for use in the UK's largest battery storage project.
A majority-owned unit will provide the technology for the Coalburn 1 project in Scotland, which is scheduled for installation by the first quarter of 2025, the company said on Thursday.
The project will support and stabilize the National Grid (LON:NG) transmission network during peak consumption hours.
Canadian Solar did not provide financial details of the contract. The company's shares were up nearly 1.5% in early trading.
Battery storage, used to back up intermittent renewable power supply to stabilize the grid, is an evolving technology, and there are very few large-scale operational projects in the world.
Coalburn 1 is the first project to be developed by the partnership between Copenhagen Infrastructure and UK-based Alcemi.
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Written By: Reuters
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