- June 1, 2016
- Posted by: Catalyst
- Category: Business Energy News
Energy storage company Camborne has announced a collaboration with major infrastructure fund manager Equitix and Building Services Contractor FES Group. This strategic joining of forces will mean Equitix and FES Group supporting the delivery of Camborne’s large energy storage projects in the UK.
Although currently rather small, the UK market for battery energy storage is expected to soar to over 1.5GW by 2020. The projects coming from Camborne will aid the grid, energy distribution systems and large-scale energy users.
The first of these projects is expected to become operational in late 2016.
Camborne began its first UK projects in 2012 and has developed and delivered more than 180MW of solar PV projects across the country. The energy storage part of the company was set up in 2015 and an extensive project pipeline has already been developed.
The combination of Camborne’s experience, Equitix’s investment capabilities and FES’ track record in design and build, the partnership is targeting a significant roll out in the next two years.
CEO of Camborne Declan Mackle said: “We have known for some time that energy storage is the next big thing in the UK energy landscape. Building on our own track record in the UK, we are delighted to be working with Equitix and FES to deliver our extensive ambitions in this market.”
Equitix’s Nick Parker also commented: “Equitix is committed to investing in key infrastructure assets in the UK, of which we believe energy storage is one. Camborne has been ahead of the pack in its development pipeline and we are pleased to be working with them to roll out these projects.”