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News Release

London

JLL advises GRIDSERVE® and Aura Power on disposal of utility scale 10MW battery storage facility in Nevendon, Essex

Foresight Group acquires one of the UK’s most advanced Enhanced Frequency Response projects


JLL’s Energy & Infrastructure Advisory team has advised GRIDSERVE® and Aura Power on the disposal of Nevendon 10MW battery storage project to Foresight Group (“Foresight”), an independent infrastructure and private equity investment management firm.

The battery will provide Enhanced Frequency Response services to the National Grid, positioning the project as an essential part of the energy transition to a more flexible, low carbon energy network.

The project at Nevendon in Essex was developed as a joint venture between GRIDSERVE® and Aura Power, while BELECTRIC UK will be the EPC contractor on the project

Dominic Szanto, Director, JLL, said: “This is a high quality asset and the market has shown there is strong appetite for quality battery storage projects in spite of a changing regulatory environment. This transaction reinforces the attractiveness of battery energy storage as an asset class and we are pleased to have supported GRIDSERVE in bringing its first construction ready project successfully to close”.

Toddington Harper, CEO GRIDSERVE® commented: “We are delighted to have secured the delivery of one of the UK’s most advanced Enhanced Frequency Response projects. This marks an important milestone for GRIDSERVE® and we look forward to continuing to progress the remainder of our 200MW UK portfolio of energy storage and solar-hybrid projects.”

Construction on the project will start immediately with full commissioning due Q1 next year.