AMP announces market leading four-hour battery storage projects to support clean energy transition

Urban Reserve Storage, which is backed by a £45 million debt facility from Allianz Global Investors, comprises of four projects which in combination will be able to store 90MWh of electricity, using the latest high energy density lithium-ion cell produced by global leading renewable energy technology company and EV manufacturer, BYD.

While most batteries deployed to date in the UK are only able to store excess energy for one to two hours and are connected at high voltage levels, AMP are deploying 4-hour batteries which will be connected at 11kV and installed in urban areas.

This means they can be connected to local networks and respond quickly during times of high demand, discharging stored renewable electricity when and where it is needed most, including morning and evening peaks.

With long-duration energy storage seen as a key component of the UK’s net zero plans, Urban Reserve Storage will both support the low-carbon energy transition and help the UK achieve its energy security and climate ambitions.

Mark Tarry, Chief Executive of AMP, comments:

Due to come online later in 2024, Urban Reserve Storage builds on AMP’s portfolio of natural gas peaking plants, which have successfully provided flexible capacity to distribution networks during times of high demand and low wind for more than five years.

Urban Reserve offers a responsive and reliable means of generating and storing electricity, enabling more renewables to be built without compromising the UK’s security of supply, and avoiding costly grid reinforcements, as Mark Tarry continues: