The UK Infrastructure Bank has invested £165 million in Highview Power to support with the construction of a liquid air energy storage (LAES) plant in Carrington, Greater Manchester.

The long duration storage facility will provide capacity of 300 MWh, with an output power of 50 MWs per hour for 6 hours.

The investment demonstrates the Bank’s role in mobilising private finance to help first-of-a-kind technologies – which are critical for the transition to net zero – reach commercial scale, whilst driving regional, local and economic growth.

Construction will begin on the site immediately, with the facility expected to be operational in early 2026.