The Anonymous Widower

Catalyst Capital Makes First Move In GBP 300m Battery Storage Strategy

The title of this post, is the same as that of this article on Renewables Now.

This is the first paragraph.

Fund manager Catalyst Capital has acquired a site to build a 100-MW battery in Yorkshire, northern England, in the first of a series of planned deals under a GBP-300-million (USD 406.1m/EUR 358.9m) strategy to develop diversified UK battery energy storage systems (BESS) facilities.

£300 million, says to me that the finance industry, now finds battery storage to be a worthwhile investment.

Skelton Grange Power Station

This Google Map shows the location of the Skelton Grange power station site, where the battery will be developed.

And this second Google Map shows the site in more detail.

Note that there is still a sub-station on the site.

The article states that planning permission was received in 2021 and they hope to have the facility on-line in the first quarter of this year.

That appears quick to me. Is it because the electrical connection already in situ?

It should also be noted, that the battery output of 100 MW is much less than that of the former coal-fired power station in the mid-1980s, which was at last 480 MW.

I also wonder, if the site could host a hydrogen fuelling station for buses.

  • It is not far from the centre of Leeds.
  • It has a good connection to the National Grid.
  • An electrolyser like the one built by ITM Power at Tyseley Energy Park uses 3 MW of electricity to produce around 1.5 tonnes of hydrogen per day.

I also feel that the site could host a wind turbine up to about 10 MW.

Conclusion

Catalyst Capital seems to have made a big entry into the market. They won’t be the last to do this, as the returns are there and the battery storage is needed.

January 8, 2022 Posted by | Energy, Energy Storage, Finance, Hydrogen | , , , , , | 2 Comments