Flexion Energy has received a £150 million (€176 million/$208 million) investment from GLIL Infrastructure.
Flexion intends to develop, build, own and manage energy storage systems in the United Kingdom, specifically large-scale batteries connected to and servicing the electricity grid. The company bridges the gap between the development and financing of energy storage sites.
Dan Taylor and Hassen Bali, co-founders of Flexion Energy and ion Ventures, commented: “The requirement for energy storage in the United Kingdom is significant and growing as we transition to a lower carbon economy. Energy storage will play a central role in the energy transition, which is driven by the United Kingdom’s legally binding commitment for net-zero carbon emissions by 2050 and accelerated by the U.K. government’s recent Ten Point Plan, in addition to the rapidly evolving demand for electricity.”
The investment from GLIL will enable Flexion to construct and make operati
