EN
DE

SUSI Partners enters UK battery storage market

SUSI Partners acquires three front-of-the-meter battery storage assets in the UK with a cumulative capacity of 40MW from Eelpower
The two companies have furthermore entered a broader partnership for the development of battery storage assets, which has already led to the acquisition of an additional ready-to-build 50MW battery storage project in Scotland
The assets are backed by innovative offtake contracts and mark SUSI’s entry into the fast-growing energy storage market

Zug/Zurich, 25 January 2021 – SUSI Partners, through its Energy Storage Fund, acquires three lithium-ion battery storage assets from Eelpower, an owner-operator of sustainable power infrastructure in the UK. The transaction includes two operational assets with a combined capacity of 30MW and one ready-to-build 10MW asset. Innovative offtake contracts with leading UK utilities (including Centrica in December 2020) underpin the visibility of revenues and enhance the assets’ risk-return profile.

As part of a broader partnership with Eelpower, SUSI Partners, through its Energy Storage Fund, has also acquired a 50MW project in Scotland from Gigabox Developments, with construction scheduled to begin in Q1 2021. The partnership agreement aims to further contribute to meeting the demand for energy storage capacity in the UK, with substantial potential for additional projects in the near future.

The UK energy market is experiencing a fast-paced transition towards intermittent renewable energy sources, resulting in complementary infrastructure needs and increased power-price volatility. Energy storage and flexible dispatch capabilities have become essential in enabling the integration of renewables into the energy mix. With these latest acquisitions, SUSI Partners enters one of the fastest-growing energy storage markets in Europe and – thanks to the established partnership with Eelpower – has the means to create a significant portfolio of such assets.

1. Terms and conditions of use

Anyone accessing www.susi-partners.com and any of its pages (hereafter referred to as “SUSI website”) implicitly confirms that she/he has reviewed, understood and agreed to the following terms and conditions. If you do not agree to the terms and conditions of use (hereafter referred to as “terms”), please leave the SUSI website immediately.

The terms are subject to change at any time without notice, and access and use of the SUSI website may be restricted or terminated at any time. You are therefore advised to review these Terms each time you access the SUSI website.

When accessing the SUSI website for the first time, users confirm that they are institutional investors, or professional investors or qualified investors only (or as such term may apply in local jurisdictions) and that the content of the SUSI website should not be relied upon by any other persons.

2. Ownership of the website and applicable law

This website belongs to SUSI Partners AG (hereafter referred to as “SUSI”), a company based in Switzerland. The access and the use of SUSI website are governed by Swiss law and the place of jurisdiction is Zurich.

SUSI may suspend the operation of the SUSI website at any time for maintenance or repair work or to update or improve the website’s content or functionality.

3. Exclusion of liability

The content of SUSI website is provided for information purposes only. Although SUSI takes all reasonable care to ensure that the information on this website is correct at the time of publication and based on reliable sources, SUSI does not guarantee that the information or opinions contained in the SUSI website are accurate, reliable, complete or up to date. The information and opinions contained in the SUSI website are subject to change without notice.

The SUSI website contains links to third-party websites, which are completely beyond the control of SUSI. Accordingly, SUSI accepts no responsibility for the accuracy, completeness or legality of the content of such websites or for any offers and services contained thereon.

SUSI accepts no liability for any errors or omissions herein, whether made by itself, its affiliates or any third party.

4. No investment advice, no solicitation, no offer

No information published on the SUSI website constitutes an offer or a solicitation of an offer or a recommendation to subscribe any of SUSI products or services.

5. Risk of performance

Past performance is not indicative of current or future performance. The value of investment and the income from them can fall as well as rise and is not guaranteed.

6. Copyright

The entire content of the SUSI website is subject to copyright with all rights reserved by SUSI. You may save or print out a hard copy of individual pages and/or sections of the SUSI website, provided that you do not remove any copyright notices or any other legally protected proprietary notices. By saving or otherwise copying any data on the SUSI website, you agree to be bound by these terms of use. You may not link to the SUSI website without the prior written consent of SUSI.

EN
DE