“It’s a challenge well understood by Amp Energy. Founded as a solar developer in Toronto, Canada, in 2009, the company developed and built over 2.5 gigawatts (GW) of wind, solar and battery storage assets across the UK, US, Japan, India and Australia.
In late 2020 the company secured $374 million in investment from the Carlyle Group, both to help increase its asset base and support the growth of its proprietary grid-edge technology business, Amp X.
Most recently it has set its sights on two pioneering energy storage projects in Scotland’s central belt.
As co-founder and chief investment officer Paul Ezekiel explained, these form part of a wider shift amongst the company’s portfolio as it looks to make the most of the assets themselves, and the challenges posed by the energy transition.
“The strategy is no longer just standalone generation,” Mr Ezekiel said. “Just from a risk perspective, it actually makes more sense to put physical edge battery storage on site, so we’re hybridising everything we’re doing around the world,” alongside some markets where it also has a “standalone storage strategy.””
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Energy Voice 7 June 2022.