Banks Group sells 2.9GWh UK BESS to West Burton Energy

The Banks Group has sold the 2.9GWh Thorpe Marsh Green Energy battery storage project near Doncaster in the UK to independent power producer West Burton Energy.

Banks submitted a planning application for the project to Doncaster Metropolitan Borough Council at the start of this year.

West Burton Energy will now take the project on “through the planning process, construction and into operations,” a Banks statement said.

The Thorpe Marsh Green Energy battery storage project could store enough energy to supply around 340,000 households with electricity for one day.I

Richard Dunkley, managing director at The Banks Group, said: “We are proud to have identified and proposed a project that could deliver one of the world’s largest battery storage plants providing an invaluable use for part of the derelict former power station.

“Thorpe Marsh will utilise the site’s large scale grid capacity to facilitate the increased deployment of renewable energy technologies on the National Grid network, so that more of the energy that we all use in our homes, businesses, schools and hospitals can be generated via our own renewable means and less from unreliable overseas sources.

“The response we’ve had from local people, businesses and community leaders over the last year to our ideas was very encouraging and we look forward to seeing West Burton Energy bringing this nationally significant scheme to fruition.”.

Morris Van Looy, chief growth and strategy Officer at West Burton Energy, added: “West Burton Energy is delighted to take over ownership and looks forward to delivering this much needed project to ensure security of supply, maximise the use of renewable energy, and to re-use this former power station site.”

The Banks Group was advised by Rothschild & Co (corporate finance and M&A) and Ashurst (legal) during the transaction.  West Burton Energy was advised by Burness Paull (legal).

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