The National Wealth Fund, Equitix, Aware Super and Eelpower completed the formation of Eelpower Energy.

The National Wealth Fund, the UK government-owned policy bank, Equitix, an investment company, Aware Super, an Australian superannuation fund, and Eelpower, a developer and operator of grid-scale battery storage, completed the formation of Eelpower Energy, a UK battery storage platform. "Battery storage is key to enabling the growth of abundant, low-cost renewable energy and without this technology the energy transition cannot succeed. Given the track record of our team in this sector I am confident that Eelpower Energy, supported by the powerful consortium of investors led by Equitix, will accelerate the rollout of flexible energy storage assets across the country that are so critical to delivering the UK’s decarbonisation goals," Mark Simon, Eelpower CEO.