UK needs battery storage to stabilise power system
Equinor enters UK battery storage market
Norwegian company agrees to buy stake in battery developer as UK’s renewables expansion increases need for storage
Norwegian state-owned energy company Equinor has agreed to buy a 45pc stake in UK-based battery storage developer Noriker Power, with an option to buy the entire company at a later stage. In addition to the equity investment, the firms have agreed to allow Equinor to directly participate in projects being developed by Noriker. Equinor says it sees the move as an opportunity to create a profitable businesses by deploying batteries and storage assets to meet the growing need to stabilise power markets as the share of intermittent renewables in the UK grows. The UK’s high degree of renewables make the country an interesting investment case for a battery storage business ” Kolbeinstveit, E
Also in this section
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key
8 April 2025
STRATOS project in Texas granted Class IV permits despite deep uncertainty over Trump administration’s readiness to support carbon management tech
8 April 2025
Gulf Energy to provide AIQ with exclusive access to its proprietary datasets and industry-leading documents. ENERGYai is already trained on petabytes of operational data from ADNOC, and this agreement will provide the solution with access to even greater quantities of relevant, high-quality industry information
