Highview Power has secured the backing of the UK Infrastructure Bank and Centrica with a £300 million ($383 million) investment for the first commercial-scale liquid air energy storage (LAES) plant in the United Kingdom.
The £300 million funding round was led by the UK Infrastructure Bank (UKIB) and the British multinational energy and services company Centrica, alongside a syndicate of investors including Rio Tinto, Goldman Sachs, KIRKBI and Mosaic Capital.
The investment will enable the construction of one of the world’s largest long duration energy storage (LDES) facilities in Carrington, Manchester, using Highview Power’s proprietary LAES technology. Once complete, it will have a storage capacity of 300 megawatt-hours and an output power of 50 megawatts per hour for six hours. Construction will begin on the site immediately, with the facility operational in early 2026, supporting more than 700 jobs in construction and the supply chain.
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