Eku Energy has clinched £45 million in debt financing from NatWest and SMBC to build a major battery storage site in the West Midlands.
The 99MW project at Ocker Hill, between Dudley and Wednesbury, will use 54 Tesla Megapacks and is set to go live in late 2026.
The site, once home to a coal-fired power station, is being transformed into a clean energy hub.
H&MV Engineering will lead construction, bringing its expertise in delivering Tesla-powered BESS sites.
SmartestEnergy, owned by Marubeni, has signed a 10-year tolling deal to manage the asset once operational.
It’s Eku Energy’s fourth UK battery project to reach operation or construction, and it won’t be the last.
Alongside the Ocker Hill financing, the banks have agreed a £100 million accordion facility to support Eku’s growing UK pipeline, boosted by its recent Bluestone Energy acquisition.
The deal signals growing momentum for battery storage in the energy mix – and a symbolic shift as Ocker Hill moves from fossil fuels to future-proofed flexibility.
