NatPower Group’s startup in the UK has revealed its intention to license three ‘gigaparks’ consisting of large-scale battery storage projects by the upcoming year.
A UK-based startup, affiliated with the larger European energy group NatPower Group, has unveiled plans to license three ‘gigaparks’ comprising large battery storage projects by the following year, aiming to extend to ten more by 2025.
By 2040, the company aims to establish over 60 gigawatt-hours of energy storage, constituting 15-20% of the UK’s total capacity.
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NatPower Group has allocated over £600 million for substation development, aiming to expedite the integration of renewable power into the national grid and support the country’s goal of achieving 100% zero-emission electricity by 2035.
Stefano D.M. Sommadossi, NatPower UK’s Chief Executive Officer, stated, “To address the obstacles impeding investments in renewable energy, we will invest in the energy distribution network, upgrading substations to meet at least 15-20% of new requirements.
By investing in substations early and prioritizing energy storage systems, we will facilitate the next stage of the clean energy transition, ultimately reducing energy costs for consumers.”
