Energy Storage Assets have a pivotal role to play in the penetration of renewables globally. They are a highly complementary technology to Solar Photovoltaics and are uncorrelated, providing further diversification to the portfolio from a technology, revenue and geographic perspective.
NextEnergy Solar Fund has partnered with Eelpower, a specialist in the battery sector, to create a joint venture partnership targeting £300m worth of battery investments. The fund has also created a retro fit, co-location battery program, to identify potential battery sites on the fund existing operating solar assets.