Masdar acquires UK-based battery developer Arlington Energy

This will enable the development of BESS projects under the Masdar-Arlington platform.

Abu Dhabi-based Masdar has acquired UK’s battery energy storage system (BESS) developer Arlington which will support its expansion in Europe’s renewable energy markets.

In a statement, Masdar said the acquisition will allow the development, construction, operational management and financing of BESS projects under the Masdar-Arlington platform.

“Masdar and Arlington Energy share a long-standing belief that greater investment in energy storage is critical if countries are to expand their renewable energy portfolios and achieve their net-zero ambitions,” said Masdar CEO Mohamed Jameel Al Ramahi.

“By working together, we will be able to provide a more resilient and flexible energy resource, helping to accelerate the UK and other European countries' clean energy transitions, and supporting our efforts in expanding our offshore wind and broader renewables portfolio,” he added.

Aside from this, Masdar also plans to ramp up its investment in offshore wind and other renewable energy projects in new and existing markets, including the UK.

The company noted that Europe could need up to 200 gigawatts of storage capacity by 2030 to meet its renewable energy targets, citing a recent industry report. The National Grid has also stated that the UK would need up to 50GW of storage to meet its 2050 net-zero carbon emissions target.

Follow the link for more news on

Masdar

Also Read

J&V Energy acquires stake in 180-MW solar project in PH

JERA sells stake in Thai solar project

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit