Evolution Infrastructure acted as Financial Advisor on the sale of the Old Allen Road Battery Energy Storage System (BESS) (a.k.a. Bradford West 2), a 100MW grid-scale BESS project located in West Yorkshire, to Varco Energy, a pioneering UK-based battery storage asset owner and operator.
The flagship project is designed to provide essential flexibility and grid-balancing services to the UK electricity system. The site will deliver frequency and voltage regulation, reserve capacity, and load shifting services that are critical for integrating renewable energy and ensuring a stable, reliable supply of electricity as the UK accelerates towards a net zero power system.
The delivery of the Project by Varco Energy, an Adaptogen Capital-funded BESS operating company, will further support the UK government’s target of 23–30GW of energy storage by 2030 which in turn requires an estimated £11 billion investment required in storage assets by 2035.
Battery energy storage is recognised as a cornerstone of the UK’s clean energy future. As the grid becomes increasingly reliant on intermittent renewable generation, BESS assets like Old Allen Road are essential for smoothing supply and demand, reducing curtailment of renewables, and providing the flexibility needed to maintain grid stability.
Jack Lowe, Director at Evolution Infrastructure, said:
“We are delighted to have acted as financial advisor to the sellers on this milestone transaction. Bradford West 2 is a flagship BESS project that will make a meaningful contribution to the UK’s energy transition. This successful disposal, during what has been a turbulent sales environment during grid reform, highlights continued investor appetite for high-quality battery storage assets, and EvoInfra’s dedicated approach to facilitating transactions.”
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