The portfolio as of September 2019:

Project LocationCapacity% Owned by
the Company
Site TypeStatusCommissioning/
Expected
commissioning
Battery
provider
BoulbyNorth Yorkshire
UK
6.0 MW100%[1]Industrial MiningOperationalQ4 2017NEC ES
 
CeninWales
UK
4.0 MW49%Renewable GenerationOperationalQ1 2018TESLA
 
Lower RoadEssex
UK
10.0 MW100%GreenfieldUnder constructionQ4 2019NEC ES
 
Port of TilburyLondon
UK
9.0 MW100%PortOperationalQ4 2019NEC ES
 
MullavillyNorthern Ireland50.0 MW51%GreenfieldAcquired
in June 2019
Q1 2021To be confirmed
 
DrumkeeNorthern Ireland50.0 MW51%GreenfieldAcquired
in June 2019
Q1 2021To be confirmed
 
KilmannockRepublic of Ireland30.0 MW51%GreenfieldAcquisition contract signed in June 2019 Q3 2021To be confirmed
 
PorterstownRepublic of Ireland30.0 MW51%GreenfieldAcquisition contract signed in June 2019 Q3 2021To be confirmed

[1] Excluding profit sharing equity instruments owned by General Electricity Holdings Ltd, the parent company of Kiwi Power Limited.

Pipeline

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.