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Jun 13, 2024 · Highview Power has secured a £300 million investment to build the UK''s first commercial-scale liquid air energy storage (LAES) plant. This funding comes from the UK
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Carlton Power, the UK energy infrastructure development company, is pleased to announce that Highview Power’s £300m liquid air energy storage (LAES) project will be the first energy scheme to be built on its Trafford Low Carbon Energy Park, at Carrington, eight miles south of Manchester.
By capturing and storing excess renewable energy, which is now the cheapest form of electricity, storage can help keep energy costs from spiralling, and power Britain’s homes with 24/7 renewable clean energy.
The company has had a smaller-scale 5MW/15MWh project operational, also in Manchester, since 2018. It first revealed plans for a large-scale project in Carrington in 2019 which the then-CEO told Energy-Storage.news would start construction the following year.
The c12 hectare Trafford Low Carbon Energy Park is wholly owned by Carlton Power. Highview Power announced on June 13th that it had secured a £300m investment to build its first commercial-scale LAES plant: from the UK Infrastructure Bank, Centrica and a syndicate of financial investors.
It will also contribute materially to increasing utilisation of green energy generation, reducing energy bills for consumers and providing significantly improved energy stability and security. Richard Butland, Co-Founder & CEO of Highview Power said: “ There is no energy transition without storage.
Julian Leslie, Director & Chief Engineer National Grid ESO said: “Integrating long duration energy storage into the grid is going to be vital to delivering the UK’s long term energy strategy. Our recent Future Energy Scenarios report shows that 4GW of liquid air storage will be required over the coming decades.
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