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Masdar, a renewable energy company owned by the government of the United Arab Emirates, has acquired the UK-based battery developer Arlington Energy for an undisclosed sum.
Arlington Energy has brought more than 170MW of battery storage and gas peaking plants into operation over the last two years and has a development pipeline of more than 1GW.
Alongside its acquisition of Arlington, Masdar also intends to increase its investments in offshore wind and other renewable energy projects in the UK. It already holds stakes in the London Array, the Dudgeon offshore wind farm and the Hywind Scotland floating offshore wind farm.
Matthew Clare, co-founder and director of Arlington Energy, said: “Partnering with Masdar allows us to accelerate our BESS (battery energy storage system) rollout in the UK and will make us the leading platform for energy storage.
“With Arlington’s experience and expertise in the procurement, construction and operational management of BESS, and Masdar’s global capabilities in renewable energy, combining forces is a natural progression.
“This partnership creates a business with huge potential, immediately capable of delivering at scale domestically, and in other markets in the future, as more nations join the UAE and UK in setting net-zero targets.”
Mohamed Jameel Al Ramahi, chief executive of Masdar, said: “By working together, we will be able to provide a more resilient and flexible energy resource, helping to accelerate the UK and other European countries’ clean energy transitions, and supporting our efforts in expanding our offshore wind and broader renewables portfolio.”
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