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Equitix-Led Consortium Launches €500M UK Battery Storage Platform

Equitix, in partnership with Australia’s Aware Super and the UK’s National Wealth Fund (NWF), has announced a €500 million investment in a new battery storage platform, Eelpower Energy, aimed at deploying over 1 GW of grid-scale storage across the UK. The platform will build, own, and operate flexible storage assets to strengthen renewable energy integration and grid resilience.

Eelpower Energy has already lined up a portfolio of seed assets ready for construction, alongside a strong pipeline of future projects. CEO Mark Simon highlighted that large-scale storage is essential to support low-cost renewables and accelerate the UK’s energy transition. Equitix CEO Hugh Crossley underscored the consortium’s confidence in the sector, citing infrastructure expertise and a commitment to delivering sustainable, resilient energy infrastructure.

Aware Super sees the move as a strategic addition to its UK and European infrastructure portfolio, while the NWF is committing up to €200 million as a cornerstone investor to attract further private capital. Interim CEO Ian Brown noted that expanding storage is critical to achieving government clean power targets, with Energy Minister Michael Shanks adding that new facilities will safeguard energy security, stabilize prices, and support the Clean Power 2030 mission.

This landmark initiative positions Eelpower Energy as a major contributor to the UK’s decarbonisation strategy by accelerating the rollout of battery storage, enabling efficient use of renewable power, and reducing dependence on fossil fuels.