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Highview Power secures £300M to build UK’s first liquid air battery

by News7

UK scaleup Highview Power has secured £300mn to build a liquid air storage plant in Manchester. 

The UK government’s Infrastructure Bank led the funding round. Investment bank Goldman Sachs, British energy firm Centrica, and mining giant Rio Tinto also took part.

The investment acts as a stamp of approval for an emerging technology that could help wean the country off dirty sources of baseload power like gas and coal.

“We have to explore new, innovative ways to store energy so we have electricity available when the wind doesn’t blow and the sun doesn’t shine,” said Chris O’Shea, group chief executive at Centrica.

Highview will locate its new plant in Carrington, on the outskirts of Manchester. Once complete, it will have a storage capacity of 300 MWh. 

The
Source : The Next Web

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