Capital Dynamics, a global private asset management firm, has acquired a ready-to-build battery energy storage system project located in Knockanure, Ireland, from a group of private shareholders. Financial terms were not disclosed.
The project has secured grid connection capacity of 170 megawatts at the neighboring 110-kilovolt Knockanure substation and will be among the first to be delivered in the Republic of Ireland as a long-duration energy storage solution (LDES), as classified by EirGrid.
The project secured planning consent in October 2025, and work has started on procurement and delivery planning.
With a significant share of the country’s electricity produced by renewables, additional flexibility will be required to support a grid that is already experiencing rising curtailment rates. According to Capital Dynamics, LDES projects represent an essential part of the Republic of Ireland’s energy security and grid flexibility.
This represents Capit
