Quinbrook and E.ON formed a joint venture.

Quinbrook, a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition, and E.ON, a company that specialises in integrated energy solutions, formed a joint venture to construct large-scale battery storage project at Uskmouth, South Wales. Financial terms were not disclosed. “This is a massive investment for E.ON in the UK’s energy system and an important recognition of the enormous potential for battery solutions in the UK. Battery energy storage sites will play a significant role in the future of the nation’s power provision and specifically in supporting ever greater sources of renewable energy. Battery plants around the country can allow us to make best use of all renewable energy sources by harnessing the energy and having it ready for use whenever it’s needed – increasing the share of renewable energy on the grid, helping secure supplies on the grid and making energy more affordable for our customers,” Chris Norbury, E.ON UK Chief Executive.