AXA IM Alts has acquired, on behalf of clients, a 50 percent stake in Coalburn 1, a 500-megawatt battery energy storage system (BESS), from Copenhagen Infrastructure Partners (CIP).
Coalburn 1 is one of three transmission-connected BESS assets being developed by CIP in Scotland, which collectively will have a total power capacity of 1.5 gigawatts and will be able to store and supply the grid with a total of 3 gigawatt-hours of electricity. Once commissioned, Coalburn 1 is expected to be the largest of its kind in Europe.
Coalburn 1, which is located in South Lanarkshire, Scotland, will be AXA IM Alts’ debut investment in the U.K. energy storage sector. CIP will continue to lead project delivery, with completion expected in early 2026 once Coalburn 1 becomes operational.
“Our investment in Coalburn 1 marks a significant milestone as we enter the U.K. energy storage market, reinforcing our commitment to supporting the transition to a zero-carbon economy,” sa
