Shanghai Electric's Energy Storage and PV Projects in the UK Hit New Milestones

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Shanghai Electric (SEHK:2727, SSE:601727) announced the successful launch of the 100MW/100MWh REP1&2 Energy Storage Station project in Kent for commercial operation, marking its first large-scale overseas energy storage project. Additionally, the Fiskerton II-A solar project, the final one of the eight solar projects in Lincolnshire, has been connected to the grid. These projects are expected to enhance the efficiency, reliability, and sustainability of the power system in the UK.

• The 100MW/100MWh REP1&2 Energy Storage Station project in Kent has been launched for commercial operation.
• The last in-progress project, Fiskerton II-A, in the suite of eight solar projects in Lincolnshire, has been connected to the grid.

LONDON, Jan. 3, 2024 /PRNewswire/ -- Shanghai Electric (SEHK:2727, SSE:601727) announced its achievement in the energy storage business that the 100MW/100MWh REP1&2 energy storage station in the UK ("REP1&2"), also its first large-scale overseas energy storage project, has entered commercial operation. The development is followed by another milestone, which marks the grid connection of the Fiskerton II-A solar project ("Fiskerton II-A"), the final one of the eight solar projects in the country.

The two projects are built in East and Southeast England, where the power demand is among the highest across the nation in the coldest season, according the statistics from Statista Research Department. Once fully operational, the new energy plants are expected to be instrumental in boosting the grid's capacity of the region during peak demand periods.

The REP1&2 project, located in Kent, is equipped with high-performance lithium iron phosphate batteries produced by the Nantong factory of Gotion New Energy. The project was developed by Pacific Green and purchased by a subsidiary of Generali, Italy's largest and the world's third-largest insurance company, earlier this year. The project is now officially operated by Shell Energy Europe Limited and is set to enhance the efficiency, reliability, and sustainability of the power system in the UK.

Shanghai Electric provided a full set of energy storage system solutions, including 38 battery containers and 20 PCS containers, with the completion of the project marking a significant stride for Shanghai Electric in expanding its footprint in the global energy storage market.

The successful grid connection of the Fiskerton II-A project in Lincolnshire marks the completion of a series of eight solar projects in the UK spearheaded by Shanghai Electric, strengthening the company's position as a solar innovator dedicated to creating innovative and sustainable solutions to meet the world's growing demand for renewable energy sources.

"The eight solar projects delivered by Shanghai Electric in Lincolnshire will provide 128,117MWh green electricity in the UK each year. It is also the first overseas project undertaken by Shanghai Electric, where it is responsible for investment, financing, construction, grid connection, and operation of the solar plant, showcasing Shanghai Electric's comprehensive capabilities in delivering state-of-the-art solar solutions that require advanced, high-efficiency, high-durability solar products," said Mr. Stuart Mellor, project manager of Fiskerton II A project.

Timeline of the eight solar projects:

• West Holcombe in Shillingford: Connected to the grid in January 2022
• Bishop's Waltham in Winchester: Connected to the grid in June 2022
• Outwood in Billericay and Ingham in Bury St. Edmunds: Connected to the grid in July 2022
• Trowse Newton in Norwich: Connected to the grid in August 2022
• Sweeting Thorns in Scunthorpe: Connected to the grid in January 2023
• Low Farm in Grimsby: Connected to the grid in April 2023
• Fiskerton II-A in Lincolnshire: Connected to the grid in December 2023

 

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SOURCE Shanghai Electric

FAQ

What is the ticker symbol for Shanghai Electric?

The ticker symbol for Shanghai Electric is SEHK:2727, SSE:601727.

What are the key achievements of Shanghai Electric in the UK energy market?

Shanghai Electric successfully launched the 100MW/100MWh REP1&2 Energy Storage Station project in Kent and connected the Fiskerton II-A solar project to the grid, marking its first large-scale overseas energy storage project.

Who purchased the REP1&2 project in Kent?

The REP1&2 project in Kent was purchased by a subsidiary of Generali, Italy's largest and the world's third-largest insurance company.

What is the significance of the Fiskerton II-A solar project?

The Fiskerton II-A solar project is the final one of the eight solar projects in Lincolnshire and is expected to provide green electricity in the UK.

What are the key components provided by Shanghai Electric for the energy storage system?

Shanghai Electric provided a full set of energy storage system solutions, including 38 battery containers and 20 PCS containers, for the REP1&2 project in Kent.

Who is the project manager of the Fiskerton II-A project?

Mr. Stuart Mellor is the project manager of the Fiskerton II-A project.

What is the timeline of the eight solar projects in the UK?

The eight solar projects were connected to the grid at different times, starting from January 2022 and concluding with the Fiskerton II-A project in December 2023.