Elements Green completes acquisition of 149 MW BESS in the UK

Elements Green's acquisition of the Bolney Green Energy Hub, a 148.8 MW battery energy storage system (BESS) project in the UK, represents a strategic move to expand its renewable energy portfolio. The project, currently in the development stage with an anticipated operational date in 4Q27, underscores Elements Green's commitment to accelerating the energy transition. This acquisition allows Elements Green to capitalize on the growing demand for energy storage solutions, crucial for grid stability and the integration of intermittent renewable energy sources. Envirotech Energy Solutions, as the seller, demonstrates its strategy of developing and divesting promising renewable energy projects. The deal is notable for its size, representing a significant BESS capacity addition to the UK grid. The involvement of established players like Bird & Bird, Everoze, Fladgate, and Savills Earth Capital highlights the complexity and sophistication of the transaction, spanning legal, technical, and financial advisory services. The acquisition also signals continued investor confidence in the UK's energy storage market, attracting both renewable energy companies and specialized advisors. The project's planning approval in September 2024 further de-risks the investment for Elements Green.