Low Carbon, a UK-based renewable energy investor sold a significant 6 GW battery storage project to S4 Energy in the Netherlands. One of the largest battery storage initiatives worldwide, the project aims to assist in balancing supply and demand as the Netherlands targets a 39% renewable energy mix by 2030 due to challenges in meeting its climate targets, necessitating substantial investment in power grid infrastructure.
The company aims to supply 20 GW of energy globally, currently it supplies 16GW. These projects were developed by LC Energy, a collaboration between Low Carbon and the Dutch engineering firm QING. While financial details of the transaction were not disclosed, Low Carbon CEO Roy Bedlow highlighted the company’s strategy to both retain certain assets and recycle capital for further clean energy investments.
The battery storage portfolio includes projects at various stages of development, reinforcing the importance of battery storage in global decarbonization efforts and ensuring grid stability as electricity demand rises alongside renewable energy generation.
Bedlow emphasized Low Carbon’s pioneering role in the Dutch renewables market and the strategic significance of this battery storage portfolio for the future stability of the Dutch electricity grid. [1]
