December 9 (Renewables Now) - UK’s STOR Power said that it has reached financial close for phase 1 of its new platform and announced plans to build over 500 MW of back-up power in the UK over the next few years.
The initial five projects from the first phase will result in a 60-MWh battery energy storage facility and four 15-MW hydrogen-ready flexible generation plants, the reserve power developer said.
The company is targeting energisation of these systems by winter 2023. No other details were disclosed.
STOR Power also has two 199.8-MWh battery energy storage projects in the pipeline, which should be able to supply enough electricity to power around 600,000 UK homes for two hours, according to the company.
STOR Power’s 500-MW-plus portfolio is part of the company's larger target of developing 1 GW of reserve power capacity in the UK by 2028, the firm added.
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