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Developer of UK energy storage and flexible generation projects

Developer of UK energy storage and flexible generation projects

Flexible Grid Solutions

Key Facts

Deep Pipeline of Energy Production and Storage Projects in Development
50% Interest in Weirs Drove Development - Developer of Energy Storage and Battery Projects
Flexible Energy Production and Storage Capacity Required to Balance Growing Renewable Power Generation

Overview

The UK power market is in the process of transitioning from base load generation, provided by coal and nuclear to power generation, based largely on renewables. With the increased use of renewables, comes the requirement for flexible power generation and storage to smooth grid volatility and maintain system stability. This creates the opportunity in which Flexible Grid Solutions operates.

FGS is investing in projects and the infrastructure required to provide these critical services to the UK Grid, services that will only become more necessary in the years to come.

These investments are on trend and dovetail with the UKโ€™s โ€œNet Zero 2050โ€ initiative regarding greenhouse gas emissions and the increasing pressure of the UK grid.

Corcel aims to use these stable energy generation and storage projects to support its overhead requirements and to further develop its battery metal projects.

Current projects include:

  • Strategic partnership in place with Ion Ventures Ltd (Technical Consultants and Developers of energy storage projects)
  • 50% interest in Weirs Drove Development (Developer of Energy Storage and Solar Projects)

Potential

Multiple UK projects are currently in the pipeline and are under review for sanction. Potential investments included under the umbrella of Flexible Grid Solutions are:

  • Gas Peaker Plants
  • Flexible Energy Storage
  • Combined Heat and Power Systems
  • Solar Projects

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