The project site is located at the landing point of six offshore wind farms, including the Walney wind farm.
Kona Energy claims that the project will be one of the largest battery storage facilities in Europe once it is operational.
Part of the company’s wider 1GW portfolio, the project is expected to ease grid constraints, increase the use of renewable energy and offset 45,000tpa of carbon emissions.
Kona said that the battery system will also provide crucial local grid services such as inertia and reactive power support.
The project is expected to play a key role following the closure of the Heysham nuclear power stations in 2024 and 2028 respectively.
Kona founder Andy Willis said: “Roughly £1bn ($1.26bn) was spent in the last year curtailing energy from wind farms and other generators, replacing that need elsewhere – usually from fossil-fuelled stations.
“Tackling this enormous waste of both money and energy is crucial. Further battery storage facilities will significantly reduce this burden and we are proud to be leading the way with the approval of such a critical project.
“With other major projects in the pipeline, we’re confident that Kona can cement its industry-leading reputation even further and continue to deliver constructive solutions, which will lower bills, increase our energy security and help the country to fulfil its net-zero ambitions.”
Kona Energy has also agreed to offer financial support to a local community fund, as well as the local nature reserve to improve biodiversity and habitat protection in the area.
The company develops grid-scale battery energy storage projects and claims to be one of the UK’s leading clean energy development firms.