Arenko divests development rights on two new 50 MW UK energy storage projects
Date
September 15, 2020
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
UK (United Kingdom)
Subsectors
Energy Storage
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Arenko Group has sold development rights on two new 50 MW projects in UK to Gresham House Devco. Arenko has also signed services agreements for the optimization of these projects. Gresham House has acquired these projects to add to GRID’s pipeline.
Arenko, using its AI driven, automated software platform will optimize and trade both batteries upon completion, which is expected by Q1 2022. Both projects will be connected directly to National Grid’s transmission system.
