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

February 28, 2019
LinkedIn
Twitter
Reddit
Facebook
Email
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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

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.

To read the full version of this story, visit Current±

Read Next

October 16, 2025
Octopus Australia has acquired the Coleambally battery energy storage system (BESS), a 100MW/400MWh standalone project in development located in southern New South Wales.
October 15, 2025
Takeaways from the first day of Energy Storage Summit Latin America 2025, including the Chilean and Argentinian markets.
October 13, 2025
Queensland’s Energy Roadmap 2025 suggests that by 2030, up to 4.3GW of short-duration energy storage could be operational.
Premium
September 30, 2025
We catch up with executives from second life specialist BESS integrator Voltfang and investor Palladio Partners to discuss their recent €250 million (US$293 million) partnership to deploy projects in Germany.
September 26, 2025
Investment and IPP news from across Europe, with DTEK buying a BESS project in Poland, Ingrid inaugurating one in Sweden and Triodos investing in a German portfolio.

Most Popular

Email Newsletter