UK Infrastructure Bank
The UK Infrastructure Bank is investing £60 million in the Sheaf Energy Park, aiming to boost grid stability and support renewable energy
The funding will help the start-up to develop mines in south-west England for a domestic supply of lithium compounds, critical for the production of batteries for EVs and renewable energy storage
The investment aims to support the development of multiple energy storage and grid stability facilities
The UK Infrastructure Bank is set to invest up to £200 million across two investment funds
The pursuit of cheaper, cleaner and more secure energy has been put at the heart of the government’s plans
The scheme is believed to encourage more people to install low carbon measures in their homes