Pulse Clean Energy Secures £220m Financing for Six UK Battery Storage Sites

Pulse Clean Energy, a British startup founded in 2022, has secured £220 million (approximately $292.3 million) in green financing from a consortium of six international banks, including Santander, NatWest, ABN AMRO, NORD/LB, Investec, and CIBC, to develop six new battery energy storage system (BESS) sites across the UK. These sites, which will add over 700 megawatt hours (MWh) of capacity, are strategically planned in regions such as Scotland, Devon, Greater Manchester, and Wales, with some projects converting former diesel generator plants into renewable energy assets. The investment aims to strengthen grid resilience, support the UK’s goal to decarbonize its electricity sector by 2030, and reduce reliance on expensive backup power, potentially saving UK consumers more than £200 million through lowered gas consumption and emissions. Pulse Clean Energy targets over 2 gigawatt hours (GWh) of operational capacity by 2030, with all financed sites expected to be operational by the end of 2027. The green loan deal is structured in alignment with the Loan Market Association’s Green Loan Principles, reflecting growing commercial confidence in the UK battery storage market. The funding will also support ongoing operations at seven existing sites and two under construction, contributing to the expansion of renewable energy integration within the UK grid.