Looking ahead to COP23 – a global movement for climate action
It may seem like a long way off – but we have started to think about the upcoming COP23 conference in Bonn, where themes like climate finance and the circular economy are going to take centre stage.
At Low Carbon, we have recognised the tremendous potential of financing industrial grade energy storage projects, to create a cleaner and more secure energy future, whilst also supporting in this shift to a more circular economic model. Our partnership with VPI Immingham to create ‘VLC Energy’ will see the development of two of the UK’s largest energy storage plants in Cumbria and Kent, which will be connected to the grid by end of year. Renewable energy is playing an increasingly important role in the UK’s energy mix and as this role expands, the development of energy storage plants will be central to the future success of the UK’s energy network.