Econergy secures £42.7 million financing from Santander UK for 80 MW Immingham battery storage project

Type: Financing · Technology: Storage · Country: United Kingdom · Capacity: 80 MW · Value: GBP 42.7M · Announced: 2026-08-06

Econergy obtained £42.7 million of project financing from Santander UK to fund its 80 MW/240 MWh battery energy storage system in Immingham, England. The financing package includes a main facility of approximately £38.4 million together with a VAT revolving facility and a debt service reserve facility. Ecostor 1 Immingham Ltd signed the financing agreement, positioning the company as the borrower for the Immingham BESS project. The capital will be used primarily for construction and to repay shareholder loans incurred during development. This deal underscores Santander's continued support for UK storage assets following the earlier Dalmarnock financing, and it strengthens Econergy’s growing portfolio of large‑scale batteries.

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