Sev.en: InterGen's battery storage gets auction support

Published: 28.02.2022 Related countries:  Korea (south) Korea (south)

Czech investor bags large back-up power project

The energy company InterGen, in which the Sev.en group has an equity stake, has succeeded in a UK government auction. It has won a 15-year contract for its large-scale battery storage project in the UK. This will store surplus renewable energy and can provide fast back-up power for the electricity grid during periods of excess demand. The Gateway Battery Energy Storage System will be able to provide up to 320 MW/640 MWh of energy for over 300,000 homes and businesses, with the potential to expand to 450 MW/900 MWh. The project, worth ca. GBP 200m, first received planning consent from BEIS in November 2020. Construction will start in 2023.

Source: CIA News
Prepared by the team of foreign office CzechTrade and CzechInvest Seoul