Analysis of the Week: Evolving M&A landscape for BESS in the UK- Charting the activity shift across key territories since 2020

published on 20 October 2023

Enerdatics has analyzed the evolving landscape of M&A activity for battery storage assets in the United Kingdom. While transactions for battery assets were previously spread across the entire island nation, we have observed a recent shift in focus to the southern and central regions of England. This shift can be attributed to the increasing grid intermittency and power curtailment in the region, primarily caused by the reliance on offshore wind projects in the North Sea and intermittent sources in the northern UK for renewable power. Consequently, there is now a growing demand for battery storage assets in this area to provide grid balancing services and energy arbitrage. This demand has attracted the attention of investors such as TagEnergy and West Burton Energy, who recognize the significant revenue potential of these opportunities and are eager to capitalize on it by investing in assets within the region.

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The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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