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Investment Projects

Zenobe Battery Storage
United Kingdom

JERA Co., Inc (“JERA”) and TEPCO Power Grid, Inc. (“TEPCO PG”) are investing up to GBP 25 million in Zenobe Energy Limited (“Zenobe Energy”), a battery storage company based in the United Kingdom.

Zenobe Energy supplies, finances, owns and operates battery storage assets. Zenobe Energy is currently focused on providing frequency balancing and reserve power for National Grid* in the U.K. The company is expanding into other new business areas, such as enabling the charging of commercial electric vehicles, and supporting commercial and industrial companies and other utilities. Zenobe Energy owns and operates a portfolio of batteries with capacity of approximately 73MW. The company started operating in 2017 and is one of the largest owners and operators of battery storage in the U.K.

The investment in Zenobe Energy will enable JERA to increase its knowledge of how batteries can respond to variances in supply and demand caused by the changing energy generation mix. JERA will also seek to improve operational efficiency of its domestic thermal power plants by installing battery storage in these sites.

Project Outline

Company Name Zenobe Energy
Location of the Head Office

London, U.K.

Establishment October 2016
Capacity of Battery Storage 73MW across 9 sites
Investment Structure Structure