Vulcan Industries acquires 240MW UK storage project

Vulcan Industries has acquired the entire share capital of Forepower Lincoln (FPL 250) Limited, a 240MW UK lithium-ion battery storage project in a £2.6 million deal.

FPL 250, the location of which was not specified by Vulcan, holds a grid connection contract - to connect to the National Grid infrastructure - and an option to lease a parcel of land for a minimum of 25 years. 

“Vulcan has been engaged with the vendor over the last year to identify and develop a pipeline of battery storage opportunities and this acquisition is the initial project in this evolution,” a statement said. “Further projects are expected to be brought into the Vulcan Group in due course.”

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