The Scottish National Investment Bank is the nation’s development bank with a mandate for net zero investments. The Nuclear Liabilities Fund meanwhile was set up to meet the costs of decommissioning eight nuclear power stations (formerly British Energy, now EDF-owned). It invests in assets to generate returns to help fund those costs.
Devilla is being commercialised via a 10-year optimisation agreement with utility SSE and a 15-year capacity market (CM) contract.
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Fidra Energy buys 1GW BESS from Innova
Battery energy storage system (BESS) developer Fidra Energy has acquired a gigawatt-scale BESS from Innova.
