Pulse Clean Energy has raised £220 million in green financing from a group of six international banks to support the development of battery energy storage systems across the United Kingdom.
The funding will facilitate the construction of six battery storage sites, four of which will be converted from former diesel generator facilities. The projects are expected to deliver over 700 megawatt-hours (MWh) of storage capacity and contribute to emissions and gas cost savings estimated at more than £200 million over their operational lifespans.
Participating banks include Santander, NatWest, ABN AMRO, NORD/LB, Investec, and CIBC. Santander Corporate & Investment Banking acted as green loan coordinator. The financing structure complies with the Loan Market Association’s Green Loan Principles.
Pulse Clean Energy said the projects would help increase the integration of renewable energy sources such as wind and solar into the national grid.
“These six facilities will not only strengthen grid resilience but also unlock significant cost savings for consumers by allowing more renewable power onto the grid and reducing the need for expensive backup power during peak periods,” said Nicola Johnson, chief financial officer at Pulse Clean Energy.
She added the investment reflects “strong global confidence” in the UK’s battery storage market.
All six sites are expected to be operational by the end of 2027.
