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ScottishPower’s US$2.65 billion investment programme puts battery storage, EVs in its sights

Image: ScottishPower.

ScottishPower has unveiled a £2 billion (US$2.65 billion) investment programme for 2019 to target large-scale battery storage and public EV charging points.

The investment, the company’s largest in a single year, comes after the sale of ScottishPower’s thermal generation business late last year.

Keith Anderson, chief executive at ScottishPower, said that the firm’s growth plans were now about “cleaner and smarter power” that would enable the UK to decarbonise faster.

“Consumers want and need access to reliable, clean and affordable energy. That is what ScottishPower is focused on delivering and as long as government climate change commitments stay firm, with sensible policies to support them, this investment will continue,” he said.

The £2 billion earmarked for 2019 forms part of a wider, £6 billion investment programme slated to take place between 2018 and 2022. That is to fall 40% on new renewable generation, 42% on smarter networks and 15% on innovative services and products for the firm’s ~5 million customers.

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