Macquarie’s Eku Energy kicks off 130MWh UK battery storage projects

By George Heynes
February 20, 2024
LinkedIn
Twitter
Reddit
Facebook
Email

Global energy storage developer Eku Energy has started constructing two UK battery energy storage systems (BESS), totalling 130MWh of capacity.

The two BESS, situated in Basildon, Essex, and Loudwater, Buckinghamshire, will utilise NHOA Energy’s, a developer of turn-key energy storage systems, battery technology marking the company’s entry into the UK market. Eku Energy is a BESS development platform launched in late 2022 by Australian financial services company Macquarie Asset Management’s Green Investment Group (GIG).

The energy storage division of New HOrizons Ahead (NHOA), which also has business lines for e-mobility and electric vehicle (EV) fast charging infrastructure, recorded a 384% growth in online BESS capacity at the end of Q3 2022 to the end of Q3 2023, as reported by Energy-Storage.news.

In an announcement made today (19 February), Eku Energy said it anticipates the BESS projects to be operational by the end of 2024. It is worth noting that Eku Energy already has a 40MW/40MWh battery in Maldon, Essex in construction.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The individual capacity of the BESS projects or output to the grid in megawatts was not disclosed.

The company now has 4.6GWh in development, construction and operation across the UK, Australia, Italy and Japan to deliver 9GWh by 2028.

Sandra Grauers Nilsson, CEO of Eku Energy said: “Breaking ground at Basildon and Loudwater is a major milestone for Eku Energy as we work to support the UK’s decarbonisation goals and expand our global footprint. We have an ambitious pipeline of battery storage projects which we are developing at pace and scale, and we are delighted to have partnered with NHOA Energy to advance the energy transition.”

To read the full version of this story, visit Solar Power Portal.

24 February 2026
InterContinental London - The O2, London, UK
This isn’t just another summit – it’s our biggest and most exhilarating Summit yet! Picture this: immersive workshop spaces where ideas come to life, dedicated industry working groups igniting innovation, live podcasts sparking lively discussions, hard-hitting keynotes that will leave you inspired, and an abundance of networking opportunities that will take your connections to new heights!
9 June 2026
Stuttgart, Germany
Held alongside The Battery Show Europe, Energy Storage Summit provides a focused platform to understand the policies, revenue models and deployment conditions shaping Germany’s utility-scale storage boom. With contributions from TSOs, banks, developers and optimisers, the Summit explores regulation, merchant strategies, financing, grid tariffs and project delivery in a market forecast to integrate 24GW of storage by 2037.
15 September 2026
San Diego, USA
You can expect to meet and network with all the key industry players again in 2025 from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.

Read Next

January 27, 2026
Three energy storage projects have reached key milestones, including pumped hydro, thermal storage, and geothermal alternatives to battery energy storage systems (BESS).
January 27, 2026
Lenders requirements for contracted revenues for BESS projects in the UK appears to have softened, an executive at investment firm Triple Point said.
January 27, 2026
More BESS news from across Europe, with ContourGlobal and Alpiq striking sizeable deals in Greece and France, Iberdrola putting projects into operation in Spain, and other project news in Germany, Poland, Denmark and Southeast Europe.
Premium
January 22, 2026
Foreign entity of concern (FEOC) restrictions and the scheduled Section 301 tariff increase to 25% on Chinese-origin battery energy storage systems (BESS) went into effect on 1 January 2026.
January 21, 2026
The UK market saw strong interest and activity in 2025 but now appears to be shifting from a development market to one focused on execution, writes Solar Media analyst Charlotte Gisbourne.