Masdar Acquires Arlington Energy to Advance Renewable Energy Storage Market

ABU DHABI – Masdar today announced the acquisition of UK-based battery energy storage system (BESS) developer Arlington Energy. The acquisition will allow Masdar to expand its presence in the UK and European renewable energy markets and support the countries’ net zero targets.

London-based Arlington Energy has a proven track record in developing, building, operating and financing flexible energy solutions, having commissioned more than 170 megawatts (MW) of assets over the past two years. Masdar’s acquisition of Arlington Energy will enable the development, construction, operational management and financing of BESS projects under a single Masdar-Arlington platform.

Mohamed Jameel Al Ramahi, Chairman and CEO of Masdar, said, “Masdar and Arlington Energy share a long-standing belief that increased investment in energy storage is essential if countries are to expand their energy portfolios. renewables and achieve their net zero ambitions. working together we will be able to deliver a more resilient and flexible energy resource, helping to accelerate the clean energy transitions of the UK and other European countries and supporting our efforts to expand our offshore and wider wind portfolio renewable energy.”

Matthew Clare, co-founder and director of Arlington Energy, said: “Our partnership with Masdar allows us to accelerate our deployment of BESS in the UK and will make us the leading energy storage platform. With Arlington’s experience in the procurement, construction and operational management of BESS and Masdar’s global renewable energy capabilities, combining forces is a natural progression.

“This partnership creates a business with enormous potential, immediately capable of delivering nationally and to other markets in the future, as more countries join the UAE and the UK to set net zero goals.”

Europe could need 200 gigawatts of storage capacity by 2030 if it is to meet its renewable energy targets, according to a recent industry report. The UK alone could need 50GW of storage capacity by 2050 to meet its goal of net zero carbon emissions by 2050, according to the National Grid. BESS solutions deliver flexible power to the grid, helping to overcome the intermittency challenges of renewable energy and allowing power to be released during peak demand, helping to ensure system security while reducing consumer costs .

Along with the acquisition of Arlington, Masdar intends to increase its investments in offshore wind and other renewable projects in new and existing markets, including the UK. Masdar is already a leading investor in the UK offshore wind sector, with holdings in London Array, one of the largest offshore wind farms in the world; the Dudgeon offshore wind farm off Norfolk; and Hywind Scotland, the world’s first commercial-scale floating wind farm.

Masdar is one of the fastest growing renewable energy companies in the world, aiming to reach a total capacity of 100 GW by 2030, with ambitions to double that in the coming years. In December 2021, the UAE government announced that Abu Dhabi energy champions TAQA, ADNOC and Mubadala would join forces as shareholders of Masdar, creating a truly global energy powerhouse. which will be a major force in renewable energies and green hydrogen.