New energy start-up, Pivot Power, has unveiled plans to build 2 GW of battery storage and rapid vehicle charging docks across 45 sites around the UK. This will be the world’s largest battery and vehicle-charging network and could roll out across British roads through a new £1.6bn scheme due to start in Southampton next year. The major 2GW boost to British power supplies would provide the equivalent of two-thirds of the installed capacity of the Hinkley Point C new nuclear power plant in a quarter of the time and at a fraction of the cost.
Pivot Power aims to connect dozens of 50 MW batteries directly to the transmission network which will connect enough new electricity capacity to power 235,000 homes over the next 5 years. The first 10 grid scale batteries are expected to be commissioned within 18 months, the first being a £25m project on the south coast.
The company has secured financial backing for the initial phase of its plan from specialist investment house, Downing LLP, for the first phase of the mega-project.