UK needs battery storage to stabilise power system
Equinor enters UK battery storage market
Norwegian company agrees to buy stake in battery developer as UK’s renewables expansion increases need for storage
Norwegian state-owned energy company Equinor has agreed to buy a 45pc stake in UK-based battery storage developer Noriker Power, with an option to buy the entire company at a later stage. In addition to the equity investment, the firms have agreed to allow Equinor to directly participate in projects being developed by Noriker. Equinor says it sees the move as an opportunity to create a profitable businesses by deploying batteries and storage assets to meet the growing need to stabilise power markets as the share of intermittent renewables in the UK grows. The UK’s high degree of renewables make the country an interesting investment case for a battery storage business ” Kolbeinstveit, E
Also in this section
28 March 2025
The massive expansion of the Northern Lights project in Norway is the clearest sign yet that the European oil and gas companies mean business when it comes to CCS
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
