Econergy connects its first UK-based energy storage project Swangate with 102 MWh to the grid
London/Tel Aviv, October 10, 2024 – Econergy Renewable Energy Ltd. (TASE: ECNR), a leading European renewable energy producer, is pleased to announce that its Swangate (West Melton) battery energy storage project in Yorkshire, United Kingdom has been successfully connected to the grid. The project, which has an installed capacity of approximately 50 MW/102 MWh and is wholly owned by Econergy UK, is now supplying electricity to the grid. Phased electricity transmission has commenced, and a full transmission is expected to be operational in the coming weeks.
This represents the first operational energy storage project of Econergy’s 10.6 GWh pipeline of storage projects currently under development. Econergy is active in the energy storage sector in the UK and Poland and has recently expanded into Italy and Romania, where it is already a key player in the PV sector.
In the UK, Econergy has a substantial pipeline of 26 energy storage projects totaling approximately 6.8 GWh, including 15 co-location projects. The company is also developing 18 photovoltaic projects with a total capacity of 1.5 GW. Among these, the Dalmarnock storage project, with a capacity of 82 MWh, is currently under construction and is expected to be connected to the grid in the third quarter of 2025. Econergy anticipates to start construction on further energy storage and PV projects in the UK in 2024 and 2025.
About Econergy
Econergy Group (TASE: ECNR) is a leading European Independent Power Producer (IPP) and active developer specializing in solar PV, wind, and energy storage projects across key European markets, including the UK, Italy, Spain, Romania, Poland, and Greece. With a robust project pipeline exceeding 8.2 GW in solar PV and wind and an additional 10.6 GWh in energy storage, Econergy is at the forefront of driving Europe’s renewable energy transition.
The company’s local teams in each operational country provide a strategic advantage, ensuring close collaboration with regulatory entities and local communities. Econergy’s solid strategic partnerships are key to securing project funding and further bolstering its financial stability. Additionally, the company generates revenue across the entire value chain by selling electricity, earning development and operation fees, and selling projects at various stages of development, ensuring a diversified and sustainable income stream.
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Corporate Contact:
Eliana Horenczyk
Marketing manager, ECONERGY RENEWABLE ENERGY
