Global investment managers Quinbrook Infrastructure Partners has announced further investment in the UK’s flexible power generation sector.
The company hopes to drive the country’s decarbonisation forward by investing in infrastructure to enhance energy security.
Quinbrook co-founder and managing partner Rory Quinlan said: “The UK is undergoing a real and fundamental transformation of its energy system, and we want to be at the forefront of where the UK industry is heading, not where it’s been.
“By supporting the UK grid in managing the challenges presented by massive scale-up in intermittent wind and solar, we can deliver high-impact investments that enable even more renewables capacity to be built and carbon emissions abated.”
Over the coming years, a company statement said it intends to spend ‘significant’ capital, following similar schemes in the US and Australia. In these countries, Quinbrook’s investments covered utility and distributed scale solar and battery storage systems, virtual power plants and community energy networks.
The company says it will raise the UK’s ‘green-collar jobs’ count to approximately two million while increasing its the exports value from the low carbon economy to £170bn annually by 2030.
Over the past two years, Quinbrook has developed, constructed and agreed to acquire assets, including flexible generation, grid support infrastructure and demand response capabilities. The company has invested in more than 300MW of flexible reserve capacity, either operational or under construction, across 21 sites in England, Scotland, and Wales.
Additionally, it has started the construction of the first new Synchronous Condenser in the UK under National Grid’s Pathfinder programme.
The company recently acquired Flexitricity, Britain’s first demand-response operator from Swiss multinational Alpiq.