11 August 2023 Partnership

UKIB confirm partnership with Equitix

Earlier this year we announced news of our partnership with the UK Infrastructure Bank, to invest in UK electricity storage projects.

Today, we are delighted to share that we have formalised this partnership, with the UKIB formally committing a £125 million investment with Equitix.

This investment forms part of the UKIB’s overall £200million investment into UK investments to “accelerate the development and deployment of crucial storage technologies, helping to drive the country’s transition to a cleaner, greener and more resilient electricity network”. It is estimated that these investments will create over 1300 jobs in the sector and unlock a further £200million in match funded private capital, as part of the UK’s commitment to achieve net zero emissions by 2050.

As we previously shared, this is an exciting and important move forward for Equitix, and the UK’s plans for the green energy transition.

Hugh Crossley, CEO said: “We are delighted to partner with the UK Infrastructure Bank on this important initiative, investing in the development of critical energy infrastructure and supporting the UK Government’s net zero targets and energy security objectives.  This firmly aligns with our own strategic objectives and offers attractive opportunities for like-minded investors.”

Read our initial announcement from 30th March: Equitix and UKIB Announce Partnership – Equitix

Pictured: Equitix CEO, Hugh Crossley with UKIB CEO, John Flint