TLT has advised Green Hedge, a low carbon energy generation and storage company, who has joined forces with Anesco, an energy efficiency specialist, to introduce four 'Energy Barns' across the UK.
The Energy Barns will be the first development of their kind in the UK. Using lithium-ion batteries they will store energy then release it at times of peak demand, helping to stabilise the electricity grid.
The four projects, which have a combined capacity of 40MW, will be constructed in the coming months and then remain in operation for the next 25 years. Located in the East Midlands and West Sussex, the projects were among the first energy storage schemes to be allocated 15-year contracts in the Capacity Market auction.
The TLT team included partner and head of energy & renewables, Maria Connolly and corporate legal director, Elizabeth Delaney.
TLT's Maria Connolly said: "Working with Green Hedge Energy UK on this pioneering clean energy initiative was fantastic. In the last 12 months we have seen increased activity in energy storage as investors are starting to recognise its potential and we anticipate much the same this year."
TLT's Energy & Renewables team is one of only a handful of law firms that has real experience on advising on a range of energy storage projects both retro-fit and as part of more strategic grid orientated solutions including the National Grid's Enhanced Frequency Response, Firm Frequency Response and projects which utilise revenue 'stacking'.