KENT, UK / October 2nd, 2024 / Global energy storage company Pacific Green has hit a number of key milestones in the delivery of its 249MW / 373.3MWh Sheaf Energy Park in Kent, England.
The large-scale Battery Energy Storage System (BESS), currently under construction on behalf of asset owner Sosteneo, is located on brownfield land at the site of the former Richborough coal-fired power station.
In conjunction with Pacific Green and Sosteneo’s now operational 100MW / 100MWh Richborough Energy Park, Sheaf will form part of a strategically significant UK clean energy storage and transmission hub which hosts vital connections for the Nemo Link interconnector with Belgium and Thanet Offshore Wind Farm.
Site preparation and groundworks were recently completed on schedule. This work has paved the way for the successful arrival of the first of 200+ equipment containers. Following completion of Factory Acceptance Testing (FAT), Sheaf has now taken delivery of 68 containers and installed the first of 34 housing the project’s Power Conversion Systems (PCS) – a crucial component for dynamic coupling of the BESS with the grid.
These PCS containers will be followed by 135 liquid cooled, LFP chemistry battery containers, to be shipped from supplier and installed in a just-in-time approach prior to energization with the electrical grid.
Activity at the site is being conducted in line with robust safety and risk management protocols. Community engagement and biodiversity are also being prioritized, with key milestones including the appointment of a stakeholder engagement representative and biodiversity actions including removal of contaminated landfill left by the power station, rewilding of 10,000m2 of land, and ultimately achieving biodiversity net gain of no less than 14.91%.
Christo Hammes, Pacific Green’s Chief Operating Officer, said:
“Located at a former industrial site and with an excellent grid connection, Sheaf Energy Park will be a strategic asset for the UK’s energy grid – and in many ways is a true symbol of the energy transition. Coupled with Richborough Energy Park, this project embodies Pacific Green’s commitment to UK energy storage and is laying the foundation for future growth.”
“We are pleased with progress to date, having hit a number of our key development milestones, and we are committed to maintaining dialogue with our stakeholders and the community as we bring the project through to commissioning next year.”
Pacific Green was retained to oversee the construction, operations and maintenance of Sheaf Energy Park following its sale to Sosteneo Fund 1 Holdco S.à.r.l. in December 2023. SSE Energy Supply Limited (SSE) will be responsible for providing optimization services for a 10-year period from the start of commercial operations.
About Pacific Green Technologies, Inc.:
Pacific Green is a global energy storage and environmental technology company, on a mission to advance the transition to sustainable energy solutions.
The business is focused on rapidly building a global portfolio of utility-scale battery energy storage systems (BESS), with a current pipeline of 12GWh of energy storage capacity in development, construction or operation.
Pacific Green’s team brings together extensive technology, project development and project finance expertise – having commercialized numerous pioneering technologies and steered major international energy and infrastructure projects successfully through financing and development.
This in-house expertise is complemented by strategic relationships cultivated with trusted partners at all levels of the global environmental supply chain – providing access to the very best technology and manufacturing capabilities on offer, alongside internationally respected financial institutions and project partners.
For more information, visit: www.pacificgreen.com
Notice Regarding Forward-Looking Statements:
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the continued development of Sheaf Energy Park, any potential business developments and future interest in Pacific Green’s battery, solar and environmental technologies.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the continuation of the development of Sheaf Energy Park, general economic and political conditions. These forward-looking statements are made as of the date of this news release, and Pacific Green assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Pacific Green believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in Pacific Green’s annual report on Form 10-K for the most recent fiscal year, Pacific Green’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
For media enquiries, please contact: pacificgreen@tamarindo.global
Scott Poulter, Chairman & CEO
Pacific Green Technologies, Inc.
T: +1 (302) 601-4659
