News

IPP

Staff Reporter

, UK

Published:

1 year ago

Mohamed Jameel Al Ramahi, CEO of Masdar (right) and Greg Jackson, CEO and Founder of Octopus Energy Group (left),HE Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President-Designate (centre) | Source: Masdar

UAE-based Masdar commits £1b to develop battery storage in the UK

The company will use the technology platform Kraken to manage the batteries.

Masdar has committed to invest some £1b to develop a battery storage system in the United Kingdom.

The move will enable Masdar to optimise and expand its energy trading capabilities in the UK, helping to accelerate the rollout of renewables across the country and supporting the country in achieving its net-zero targets, the company noted.

The company has also signed a framework agreement with Octopus Energy to use its technology platform Kraken for managing the batteries.

This will allow Masdar to control the performance of its batteries in real-time.

Follow the link for more news on

Masdar

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