Norway, Canada investment groups move into UK
Alberta Investment Management Corporation (AIMCo) and investment manager Railpen have jointly acquired a 94% stake in UK battery storage company, Constantine Energy Storage (CES). CES develops grid
AIMCo and Railpen acquire a 94% stake in Constantine Energy Storage
Alberta Investment Management Corporation, ("AIMCo"), on behalf of some of its clients, and Railpen – the investment manager responsible for managing over £37 billion AUM on behalf of several pension schemes – have jointly acquired a 94% stake in Constantine Energy Storage ("CES").
Constantine Energy Storage
Constantine Energy Storage (CES) was founded in 2022 as a platform to construct, own and operate best in class institutional grade battery energy storage systems (BESS). As the country''s energy system decarbonises, BESS is needed to help balance the system and supply key services to ensure safe and reliable energy supply across the grid network.
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As the country''s energy system decarbonises, energy storage is needed to help balance the system and supply key services to ensure safe and reliable supply. Through our unique combination of scale, location, and deliverability, our portfolio is at the forefront of enabling the energy transition.
AIMCo, Railpen buy 94% of UK energy storage platform with GBP
England-based CES has plans to invest GBP 400 million (USD 480.5m/EUR 469.4m) to build out a pipeline of grid-scale battery energy storage projects across the UK, which are currently being developed by Constantine Group''s subsidiary Pelagic Energy Developments.
Norway, Canada investment groups move into UK battery storage
Alberta Investment Management Corporation (AIMCo) and investment manager Railpen have jointly acquired a 94% stake in UK battery storage company, Constantine Energy Storage (CES). CES develops grid-scale batteries and is planning to invest more than £400 million (US$488.13 million) to build out a pipeline of projects in the UK.
Our Storage Units
Constantine Energy Storage was founded in 2021 by Constantine Group to manage the construction and ownership of a portfolio of battery energy storage systems. The initial portfolio of over 1GWh of storage began construction in 2022.
Our Storage Units
Constantine Energy Storage was founded in 2021 by Constantine Group to manage the construction and ownership of a portfolio of battery energy storage systems. The initial portfolio of over 1GWh of storage began construction in
AIMCo and Railpen Acquire a 94% Stake in Constantine Energy Storage
Alberta Investment Management Corporation (AIMCo) and Railpen, an investment manager, have jointly acquired a 94% stake in Constantine Energy Storage (CES), a grid-scale battery energy storage platform. The companies plan to invest more than £400 million (~$409 million) to build a pipeline of battery energy storage projects in the UK.
Constantine Energy Storage
Constantine Energy Storage (CES) was founded in 2022 as a platform to construct, own and operate best in class institutional grade battery energy storage systems (BESS). As the country''s energy system decarbonises, BESS is
6 FAQs about [Canada constantine energy storage]
Who owns Constantine energy storage (CES)?
Alberta Investment Management Corporation (AIMCo) and Railpen have jointly acquired a 94% stake in Constantine Energy Storage (CES).
Why should you invest in Constantine Group?
Graham Peck, Investment Director at Constantine said: “Constantine Group has a long track record of developing and managing renewable energy platforms. During this time we have seen increasing deployment of renewable energy projects creating a large market opportunity and inherent infrastructure demand for energy storage.
What is Constantine Group?
Constantine Group is a company with a long track record of developing and managing renewable energy platforms. Investment Director at Constantine, Graham Peck, stated: 'During this time we have seen increasing deployment of renewable energy projects creating a large market opportunity and inherent infrastructure demand for energy storage.'
Who is Louis from Constantine energy storage?
Louis joined Constantine Energy Storage in 2021 and is responsible for the construction and operation of the portfolio. He has over 15 years’ experience in the energy industry and prior to Constantine Energy Storage worked for Centrica, REstore and British Gas.
Why is energy storage important?
As the country’s energy system decarbonises, energy storage is needed to help balance the system and supply key services to ensure safe and reliable supply. Through our unique combination of scale, location, and deliverability, our portfolio is at the forefront of enabling the energy transition.
How much will CES invest in battery energy storage?
CES, a grid-scale battery energy storage platform, will invest over £400m to build out a pipeline of battery energy storage projects in the UK.