Evolution Infrastructure is proud to have acted as model auditor to Equitix, Aware Super, and the UK’s National Wealth Fund (NWF) on their £500 million investment to establish Eelpower, a new UK battery storage platform.
Eelpower will build, own, and operate grid-scale battery storage assets, targeting the delivery of over 1GW of new capacity to the UK grid in the coming years. The platform launches with an experienced management team transferred from Eelpower Limited, led by CEO Mark Simon, and will immediately begin constructing 300MWh of storage capacity across three projects. Final investment decisions on up to 1GWh of capacity are expected by the end of 2025.
Equitix, a leading investor and manager of infrastructure assets, spearheaded the consortium alongside Aware Super, one of Australia’s largest superannuation funds with c.A$200 billion in assets under management. The National Wealth Fund, acting as cornerstone investor, has committed up to £200 million as part of its mandate to support the UK’s clean energy transition and attract private capital into nationally significant projects.
Luke Collison, who led the Evolution Infrastructure team, remarked:
“We are delighted to have supported Equitix, Aware Super and the National Wealth Fund on this important investment into Eelpower Energy. Large-scale battery storage is vital to enabling the UK’s net zero ambitions, and this platform will make a significant contribution to strengthening grid resilience.”
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