Abu Dhabi’s Masdar has acquired UK battery energy storage system (BESS) developer Arlington Energy.
The London company has progressed a 170MW pipeline of assets through to operation in the past two years.
Its acquisition by UAE state-backed Masdar will see the development, construction, operational management, and financing of BESS projects under one Masdar-Arlington platform.
Arlington Energy director Matthew Clare said: “Partnering with Masdar allows us to accelerate our BESS rollout in the UK and will make us the leading platform for energy storage.
“With Arlington’s experience and expertise in the procurement, construction and operational management of BESS, and Masdar’s global capabilities in renewable energy, combining forces is a natural progression.
“This partnership creates a business with huge potential, immediately capable of delivering at scale domestically, and in other markets in the future, as more nations join the UAE and UK in setting net-zero targets.”
Masdar chief executive Mohamed Jameel Al Ramahi added: “By working together, we will be able to provide a more resilient and flexible energy resource, helping to accelerate the UK and other European countries’ clean energy transitions, and supporting our efforts in expanding our offshore wind and broader renewables portfolio.”
The UAE company said it plans to increase its investment in offshore wind and other renewables projects in new and existing markets, including the UK where it already has stakes in the London Array, Dudgeon and Hywind Scotland offshore wind schemes.