12 September 2025
12 September 2025
The demonstration site incorporates floaters that harness the motion of ocean waves to generate electricity.
TPG plans to invest in Proficy via its private equity platform TPG Capital.
AB Energy will supply a maximum of 202 Ecomax 33 preassembled reciprocating units that utilise Jenbacher J620 engines.
The projects will be connected via CTUIL 400kV/220kV substations in the region.
Both facilities are forecast to come online by mid-2028.
Cranberry Point is said to be key in helping the state achieve approximately one-third of its energy storage target.
The project is forecast to become the largest battery storage facility in the UK.
TPG plans to invest in Proficy via its private equity platform TPG Capital.
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