Camborne targets storage rollout through strategic partnership
Large-scale energy storage developer Camborne Energy Storage has announced two new partnerships to drive a “significant” rollout of energy storage in the UK over the next two years.
10th May 2016 by Networks
Infrastructure fund manager Equitix and building services contractor FES Group will support Camborne’s “extensive ambitions” in the storage market.
The storage delivered through the partnership will provide services to grid, distribution systems and large-scale energy users.
Camborne has been active in the storage market since 2015 and “already has an extensive project pipeline”. The first projects are expected to be operational later this year.
The UK energy storage market is expected to grow to exceed 1.5GW by 2020.
Equitix has over £1.7 billion of funds under management. Nick Parker of Equitix said: “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.”
Camborne is part of the Camborne Capital Group which has developed 180MW of solar PV in the UK.
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