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Masdar to invest $1.2b in British battery storage tech
Masdar bought UK-based battery company Arlington Energy last year
Jameel Al Ramahi, chief executive of Masdar.
The UAE’s state-owned renewables developer Masdar will invest 1 billion pounds ($1.20 billion) in British battery storage technology, its chief executive said on Wednesday.
“We are committed... to deploy a billion pounds across the United Kingdom to accelerate the battery storage solutions,” Jameel Al Ramahi told the International Energy Week conference.
Masdar bought UK-based battery company Arlington Energy last year.
Masdar is owned by the Abu Dhabi National Oil Company (Adnoc), Mubadala Investment Company, and Abu Dhabi National Energy Company (Taqa). — Reuters
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