noriker

Equinor has approved the final investment decision of its first battery energy storage asset in the UK.

Norwegian oil and gas giant Equinor has acquired a 45% stake in UK utility scale storage and stability services developer Noriker Power.

Gresham House Energy Storage Fund has completed its investment in the 50MW/75MWh Thurcroft battery storage site.

Gresham House, formerly Hazel Capital, is to float an energy storage fund on the London Stock Exchange next month, with an aim to raise £200 million to fund 262MW of energy storage projects over the next year.