The portfolio as of September 2019:
|Project||Location||Capacity||% Owned by |
|6.0 MW||100%||Industrial Mining||Operational||Q4 2017||NEC ES|
|4.0 MW||49%||Renewable Generation||Operational||Q1 2018||TESLA|
|10.0 MW||100%||Greenfield||Operational||Q1 2020||NEC ES|
|Port of Tilbury||London|
|9.0 MW||100%||Port||Operational||Q4 2019||NEC ES|
|Mullavilly||Northern Ireland||50.0 MW||51%||Greenfield||Under Construction||Q1 2021||NEC ES|
|Drumkee||Northern Ireland||50.0 MW||51%||Greenfield||Under Construction||Q1 2021||NEC ES|
|Kilmannock||Republic of Ireland||30.0 MW||51%||Greenfield||Acquisition contract signed in June 2019||Q3 2021||To be confirmed|
|Porterstown||Republic of Ireland||30.0 MW||51%||Greenfield||Acquisition contract signed in June 2019||Q3 2021||To be confirmed|
 Excluding profit sharing equity instruments owned by General Electricity Holdings Ltd, the parent company of Kiwi Power Limited.
The utility scale battery market is relatively nascent worldwide, and the Adviser has been able to identify attractive opportunities in markets including the UK, Ireland, North America and North-West Europe. The Adviser is among the first entrants into the market by being one of the first commercial players to be involved with the installation and commissioning of a project in England through the facility at Boulby. As a result, the Adviser has developed a market leading approach to investing in battery storage projects in the UK market and has built up a significant and wide-ranging contact base within the energy storage industry.
Although the projects comprising the Seed Portfolio utilise lithium-ion batteries and much of the pipeline of investments identified by the Company are also expected to utilise lithium-ion batteries, the Company is generally agnostic about which technology it utilises in its energy storage projects. The Company does not presently see any energy storage technology which is a viable alternative to lithium-ion batteries. However, there are a number of technologies which are being researched which if successfully commercialised, could prove over time more favourable and the Company will closely monitor such developing technologies.