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National Wealth Fund backs energy initiative
Paisley Daily Express
|August 28, 2025
THE National Wealth Fund has partnered with two investment firms as part of a £500 million initiative to bolster the UK’s battery storage infrastructure.
The alliance - featuring infrastructure asset manager Equitix and Australian pension fund Aware Super - will “build, own and operate grid-scale battery storage assets” through an investment in developer Eelpower Energy.
Chancellor Rachel Reeves championed the battery storage as a means to “help bring down bills” and create employment opportunities.
Energy Minister Michael Shanks stated the expansion of battery storage assets would drive the UK Government’s ‘Clean Power’ mission.
This story is from the August 28, 2025 edition of Paisley Daily Express.
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