Renwable Power Capital (RPC) supported by the BOC renewable energy investment platform supported by CPP Investments cooperated with EelPower, a British professional battery energy storage company, and has entered the British battery energy storage market. New joint ventures will acquire energy storage projects with the scale of public utilities in the scale of public utilities. The goal is to build an energy storage project with up to 1GW. It is currently planned to build 240MW projects in the next 24 months.
The battery storage power station of the RPC-EELPOWER joint venture will participate in the wholesale power market and provide assistance services for the State Grid to support the energy transformation of the British power system.
Britain is the largest public -scale battery energy storage market in Europe, and the installation volume will be 1.7 GW by the end of 2021. It is predicted that it will increase to 10 GW in 2030, accompanied by the continuous growth of intermittent renewable energy. Last month, a new record was set, because wind energy generated 50% of Britain's electricity in a day. Lithium -ion battery energy storage is currently available for the most flexible short -term storage technology.
