New Collaboration To Support Large-scale Energy Storage Projects In The UK
Camborne Energy Storage Limited ("Camborne") has announced a formal collaboration with leading infrastructure fund manager Equitix and leading Building Services Contractor FES Group. The strategic partnership will see Equitix and FES Group support the delivery of Camborne's large-scale energy storage projects in the UK.
Currently in its infancy, the UK market for battery energy storage is expected to grow to exceed 1.5GW by 2020. Camborne's projects will provide services to grid, distribution systems and large-scale energy users. The first projects are expected to be operational later this year.
Camborne has been active in the UK energy sector since 2012 having developed and delivered more than 180MW of solar PV projects across the country. Its energy storage division was established in 2015 and has already built an extensive project pipeline. Combining Camborne's experience with Equitix's investment capabilities and FES's formidable track record in design and build, the parties are targeting a significant roll out in the next two years.
Camborne CEO Declan Mackle commented: "We have known for some time that energy storage is the next big thing in the UK energy landscape. Building on our own track record in the UK, we are delighted to be working with Equitix and FES to deliver our extensive ambitions in this market".
Nick Parker of Equitix commented: "Equitix is committed to investing in key infrastructure assets in the UK, of which we believe energy storage is one. Camborne has been ahead of the pack in its development pipeline and we are pleased to be working with them to roll out these projects".
