The Latest Sustainable Energy News from Low Carbon

12.07.18

UrbanVolt signs $65m funding deal with UK investment firm Low Carbon

Deal will fund company’s international expansion

12 July 2018. UrbanVolt, the Irish company which established the Light as a Service business model, has signed a $65 million funding deal with UK investment company Low Carbon. In the biggest deal of its kind to date, the investment will be used to deliver energy efficiency projects across the US, UK and Continental Europe. UrbanVolt and Low Carbon share a common mission to reduce global energy consumption and have a measureable and positive impact on the environment. The greenhouse gas emissions which will be saved as a direct result of this investment is the equivalent of permanently removing every single car which commutes into Manhattan during rush hour.

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08.01.18

VLC Energy unveils UK’s largest battery storage portfolio

8 January 2018. VLC Energy has announced the completion of the UK’s largest portfolio of utility-scale, enhanced frequency response battery storage sites to support grid flexibility and increase reliance on low-carbon forms of electricity generation. VLC Energy is a joint venture between Low Carbon, a renewable energy investment company, and VPI Immingham, owner of one of the largest combined heat and power plants in Europe and part of the Vitol Group.

The 50MW portfolio, which is now grid connected, spans two sites including a 40MW battery park in Glassenbury in Kent and a 10 MW battery park located at Cleator in Cumbria. The two sites secured contracts as part of 2016’s 200MW National Grid Enhanced Frequency Response (EFR) auction, and will deliver a quarter of the auction’s capacity.

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