Pulse Clean Energy has added to its flexible generation portfolio with the acquisition of 90MW of battery assets in Stafford and Aberdeen, UK which will come online in 2024. The acquisition builds on the recent purchase of 72MW in Manchester and a portfolio of nine existing generation sites across the UK, which are being decommissioned and repurposed as battery storage assets.
“We are delighted to have completed this acquisition. The new projects represent another milestone in delivery on our ambition to build 1GW+ of energy storage and stability assets across multiple markets.” said Pauline Barker, Investment Director at Pulse Clean Energy. “We are continuing to work with development partners to grow our pipeline and create a market leading platform.”
Pulse’s first four sites are due to be commissioned in 2023, with additional projects entering construction throughout the year. These assets will provide grid-scale storage and stability to enable the ongoing deployment of renewables, paving the way to a cleaner energy system. Pulse is committed to improving energy security, enabling decarbonisation, and to forging strong partnerships across the value chain and within the regions in which we operate.
Pulse Clean Energy is an investor, developer and holder of flexibility assets backed by IMCO, a Canadian pension fund with over $79 billion under management.
For more information, visit www.pulsecleanenergy.com
ABOUT PULSE CLEAN ENERGY
Pulse Clean Energy’s purpose is to provide the balance and stability needed to ensure renewable energy technologies can thrive. Through innovation in energy storage and optimisation, we enable an energy network that runs entirely carbon free. With a focus that goes beyond energy, to the communities that depend on it, every decision we make is governed by unshakeable ethical and sustainable values.
The Investment Management Corporation of Ontario (IMCO) manages $79 billion of assets on behalf of its clients. Designed exclusively to drive better investment outcomes for Ontario’s broader public sector, IMCO operates under an independent, not-for-profit, cost recovery structure. It provides leading investment management services, including portfolio construction advice, better access to a diverse range of asset classes and sophisticated risk management capabilities. As one of Canada’s largest institutional investors, we invest around the world and execute large transactions efficiently. Our scale gives clients access to a well-diversified global portfolio, including sought-after private and alternative asset classes. Follow us on LinkedIn and Twitter @imcoinvest.