Spalding Battery Energy Storage System
The Spalding Project will deliver one of the largest battery energy storage systems (BESS) in the world.
Battery Energy Storage Systems will play a key role in the UK’s drive to bring all greenhouse gas emissions to net zero by 2050. InterGen is seeking a co-investor to take up to 49% equity in their BESS project at Spalding, Lincolnshire which will have a final capacity of 550 megawatts for a 2 hour discharge duration ( 550 MW/2 hours, or 1100 MWh) with zero greenhouse gas emissions.
The first phase of the Spalding Project will be 300MW and operational by 2026.
- When completed, the project will operate in the UK’s electricity wholesale and balancing markets. It will also provide reserve and ancillary services to the National Grid, offering flexible and dynamic services to help ensure electrical grid stability.
- The project is at an advanced stage of development and the operational lifespan is expected to be around 20 years with repowering potential to extend.
Why invest in Greater Lincolnshire?
Greater Lincolnshire and Rutland is currently experiencing an unprecedented era of growth and is undoubtedly one of the investment hotspots of the UK. The geography is vastly unique from The Humber to The Wash, covering 2,700 miles with a population of 1.1million. Our game changing sectors include the Humber Freeport, Renewable Energy, the UK Food Valley, Food enterprise Zones (FEZ’s), including the South Lincolnshire Food Enterprise Zone at Holbeach and Europarc III Food Enterprise Zone at Grimsby and Defence & Security. Our thriving Universities are some of the fastest growing in the UK, providing access to a growing talent pool, fuelling academia, and creating a skilled workforce. wide-open spaces and fresh air regulate and invigorate innovation.
Offering a range of high quality, cost effective sites and property solutions for all types of investing businesses. From specialist logistics and sector sites, employment parks, start-up hubs, or shovel ready land ripe for development. We are strategically located to enable fast, multimodal access to UK and international markets. Our Ports put your customers at easy reach wherever they are based. Our sites offer fast access to both UK and global markets, either via road, sea, air or rail.
If you are interested in finding out more about Greater Lincolnshire please take a look at our Sector Propositions and get in touch at firstname.lastname@example.org
Insight for investors
- Target Investor(s): Equity, debt, flexible
- Value and cost info: £160m
- Timescale: 2020-2026
- Delivery Timescale: Immediate
- Planning Status: 2 years