The UK Infrastructure Bank (UKIB) and Equitix have joined forces, signing a deal to channel £125 million into the rapidly growing energy storage sector. This partnership represents a significant stride towards a sustainable built environment, aligning with the country’s Net Zero ambitions.

A Differentiated Investment Strategy

The collaboration between UKIB and Equitix aims to create a “highly differentiated investment strategy and pipeline” for energy storage projects. These projects will encompass a wide spectrum, from large-scale initiatives to localized pinch point systems, reflecting the diverse needs of the modern built environment.

Energy Storage: A Key Component of Sustainable Infrastructure

Energy storage technology is poised to play a pivotal role in the UK’s transition to renewable energy sources such as wind and solar. By providing intermittent and supporting supply during periods of inconsistent energy generation, energy storage ensures a reliable and resilient energy infrastructure.

This technology is not just about storing energy; it’s about creating a flexible and adaptive built environment that can respond to fluctuating energy demands. It’s a critical component in the development of smart cities, where energy efficiency and sustainability are at the forefront.

Aligning with Net Zero Ambitions

The UK’s commitment to achieving Net Zero emissions by 2050 necessitates a radical transformation of its energy landscape. The partnership between UKIB and Equitix is a tangible step towards this goal, fostering innovation and investment in a sector that is integral to a sustainable future.

Hugh Crossley, CEO of Equitix, expressed delight in partnering with UKIB on this vital initiative, highlighting the importance of energy storage in the broader context of sustainable development.