IPP
, UK
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. 

Read more: Masdar, IRENA to launch roadmap to triple RE capacity by 2030

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

Join Asian Power community
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!

Exclusives

Cambodia’s 18-year energy plan sets ambitious targets for renewables
To attain energy security, Cambodia will have to overcome investment challenges, cut wasteful consumption, and review pricing policies. 
Asia needs natural gas to balance ‘energy trilemma’
Natural gas is cleaner than coal and would support the intermittency of renewables, ANGEA said.