Masdar acquired UK-based battery energy storage system (BESS) developer Arlington Energy. The acquisition will enable Masdar to expand its presence in the UK’s and Europe’s renewable energy markets.
Masdar’s acquisition of Arlington Energy will enable the development, construction, operational management, and financing of BESS projects under one Masdar-Arlington platform.
“Partnering with Masdar allows us to accelerate our BESS rollout in the UK and will make us the leading platform for energy storage. With Arlington’s experience and expertise in the procurement, construction, and operational management of BESS, and Masdar’s global capabilities in renewable energy, combining forces is a natural progression. This partnership creates a business with huge potential, immediately capable of delivering at scale domestically, and in other markets in the future, as more nations join the UAE and UK in setting net-zero targets,” Matthew Clare, Co-founder and Director of Arlington Energy, said.
Alongside the Arlington acquisition, the renewable energy company intends to increase its investment in offshore wind and other renewable projects in new and existing markets, including the UK.
Masdar is one of the fastest-growing renewable energy companies, aiming to reach 100 GW total capacity by 2030, with ambitions to double that in the following years.
Masdar and Hassan Allam Utilities signed 2 MoUs earlier this year to develop green hydrogen plants in multiple phases until 2030 for the production of up to 480,000 tons of green hydrogen annually, through four-gigawatt electrolyzer facilities.
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