UK Infrastructure Bank, a British state-owned development bank, led a £300m funding round in Highview Power, a long-duration energy storage pioneer, with participation from Rio Tinto, Goldman Sachs, KIRKBI, Sumitomo SHI and Mosaic Capital. "There is no energy transition without storage. The UK’s investment in world-leading offshore wind and renewables requires a national long duration energy storage programme to capture excess wind and support the grids transformation," Richard Butland, Highview Power Co-Founder & CEO.