New Energy Storage Investment Group

Who owns gig battery storage?

GIG – a former UK government-backed clean energy investor which was acquired by Australian financial services giant Macquarie in 2017 – said the company’s initial portfolio will consolidate its existing battery storage activities in the UK, Australia, Japan and Taiwan.

What is the future of energy storage?

By 2030, it is forecast that capacity is expected to increase 15 times over from 46 GW in 2021 to 411 GW****. This demand is being supported by the global drive for Net Zero and declining technology costs associated with renewable energy. Eku Energy is a globally diversified and technology enabled energy storage business.

Where are gig's battery energy storage systems located?

Macquarie's battery energy storage systems are located at a 40MW/40MWh BESS in Maldon, Essex, in England, and a 150MW/150MWh BESS at a former fossil fuel site in Victoria, Australia. Macquarie launched a global battery storage development platform.

How much investment is needed in energy storage?

GIG global head Mark Dooley added that there was “a significant volume of investment” required in energy storage technologies in the years ahead. Indeed, battery storage capacity is forecast to increase some 15 times over by 2030, from 46GW last year to 411 GW, according to Bloomberg New Energy Finance (BNEF).

Who owns gig?

The GIG was acquired by Macquarie Asset Management in 2017 from the UK government. It has a total of 45 GW of clean energy projects under development. Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here. Reporting by Nina Chestney, editing by Ed Osmond

What is energy storage and why is it important?

Energy storage is crucial to enable the phasing out of carbon-intensive fossil fuels. It allows renewable energies to be scaled further, by addressing both surges in demand and the fluctuating supply of solar and wind power.