Israel uk energy storage projects

Will Israel's Nofar energy develop a battery energy storage system?

Israel’s Nofar Energy is to pursue the development of UK battery energy storage systems (BESS) in a new joint venture (JV) with investment group Interland. The first project in this JV is to connect to the UK’s power grid using a 300 to 349MW connection, with a storage capacity of c.700MWh.

What is the UK's largest planned battery energy storage project?

This makes it the UK’s largest planned battery energy storage project, Nofar said, with estimated construction costs of £214 million. Construction of the project, dubbed Cellarhead, is set to kick off in the first half of 2022, with plans to connect the project to the grid in the second quarter of 2024.

Who is Nofar energy & Interland?

Israeli renewables developer Nofar Energy Ltd (TLV:NOFR) has tied up with real estate and energy storage investor Interland to build a joint battery storage portfolio in the UK, starting with a roughly 700-MWh project. The duo will set up a joint venture (JV) to develop, build, finance and operate the projects, Nofar said on Wednesday.

Is Nofar developing more battery projects?

Nofar and its partner said they are currently working to develop more battery projects "on a substantial scale". "Nofar Energy continues to realize its expansion strategy by now entering into the battery energy storage field in the UK, which is characterized by significant growth and high yields," commented Nofar’s CEO Nadav Tene.

Will Nofar energy's new joint venture 'generate significant growth'?

Nofar Energy’s CEO, Nadav Tene, who said the new JV is to “generate significant growth”. Image: Nofar Energy Israel’s Nofar Energy is to pursue the development of UK battery energy storage systems (BESS) in a new joint venture (JV) with investment group Interland.

What is Nofar doing in Israel?

Last week, Nofar signed a deal to deploy 400 MWh of energy storage capacity in its home country together with Israel’s Mivne Real Estate. It is also developing a 300-MWh project in Israel that will use Tesla batteries. (GBP 1.0 = USD 1.326/EUR 1.177)