The portfolio as of September 2020:

Project LocationCapacity% Owned by
the Company
Site TypeStatusCommissioning/
BoulbyNorth Yorkshire
6.0 MW100%[1]Industrial MiningOperationalQ4 2017NEC ES
4.0 MW49%Renewable GenerationOperationalQ1 2018TESLA
Lower RoadEssex
10.0 MW100%GreenfieldOperationalQ1 2020NEC ES
Port of TilburyLondon
9.0 MW100%PortOperationalQ4 2019NEC ES
MullavillyNorthern Ireland50.0 MW51%GreenfieldUnder ConstructionQ1 2021NEC ES
DrumkeeNorthern Ireland50.0 MW51%GreenfieldUnder ConstructionQ1 2021NEC ES
KilmannockRepublic of Ireland30.0 MW51%GreenfieldPre-constructionQ3 2021To be confirmed
PorterstownRepublic of Ireland30.0 MW51%GreenfieldPre-construction Q3 2021To be confirmed
49.9 MW100%GreenfieldRecently acquired2020To be confirmed

[1] 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.


Lithium-ion Batteries

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.