Foresight Group (“Foresight”), the independent infrastructure and private equity investment manager, is pleased to announce the acquisition of Port of Tyne 35MW battery storage project from RES (Renewable Energy Systems). The project was developed and will be constructed and operated by RES, one of the world’s leading independent renewable energy and energy storage developers.

Construction on the project will start immediately with full commissioning due in early 2018. The Port of Tyne project will deliver frequency response balancing services through an EFR contract and provide available capacity to the National Grid through a CM contract, positioning the project as an essential part of the National Grid’s move to a more flexible, low carbon energy network.

Lithium-ion Battery