British startup Pulse Clean Energy has secured a financial package of £220m ($292.3m) from a consortium of international banks for the establishment of six new battery storage systems (BSS) sites in the UK.
The financing agreement was reached with banking institutions ABN AMRO, CIBC, Nord/LB, Investec, NatWest and Santander, as reported by Reuters.
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The six planned BSS will provide more than 700 megawatt hours (MWh) of capacity collectively and could result in savings exceeding £200m for UK consumers through reductions in gas usage and emissions.
Their locations have not been disclosed by Pulse Clean Energy, but Scotland, Devon, Greater Manchester and Wales have been mentioned as possible sites.
These strategically placed facilities will strengthen Britain’s efforts to decarbonise its electricity sector by 2030 and expand renewable energy resources.
The UK government aims to double its current spending levels in clean energy industries to more than £30bn annually by 2035.
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By GlobalDataPulse Clean Energy chief financial officer Nicola Johnson stated: “This landmark investment reflects strong global confidence in the growing UK battery storage market and in Pulse Clean Energy’s ability to deliver at scale.
“These six facilities will not only strengthen grid resilience but also unlock significant cost savings for consumers by allowing more renewable power onto the grid and reducing the need for expensive backup power during peak periods.”
Founded in 2022, Pulse Clean Energy has set a target of more than 2GWh of operational capacity by the next five years.
In March 2025, the company commissioned a 42MW/100MWh battery energy storage system in Hyde, Manchester.
The project was funded through Pulse Clean Energy’s £175m credit facility, which involved Santander, CIBC, Investec and the National Wealth Fund, along with equity contributions from the Investment Management Corporation of Ontario.
