Econergy Secured $29 Million for 120 MWh Battery Storage Project
Type: Financing · Technology: Storage · Country: United Kingdom · Capacity: 120 MW · Value: $29M · Announced: 2026-01-30
Econergy Renewable Energy secured £21 million (~$29 million) in project finance from Santander UK for its 40 MW/120 MWh Dalmarnock battery energy storage project in Scotland.
Analysis
Tel Aviv-based Econergy, already building out a 10 GWh battery storage pipeline across Europe, has secured £21 million in project finance from Santander UK for its 40 MW/120 MWh Dalmarnock project in Scotland. This funding, announced for January 2026, advances a key utility-scale battery facility in the UK. It also demonstrates Santander UK's ongoing support for the country's energy transition infrastructure.
Key points
- £21M (~$29M) project finance from Santander UK.
- 40 MW/120 MWh battery storage capacity in Scotland.
- Econergy's 10 GWh European battery storage pipeline.
- Announcement date: January 30, 2026.
Counterparties
- Santander UK (Lender)