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Friday, December 2, 2022
Alternative Investments

TagEnergy starts construction of new energy facility

energy facility

The facility will use a system of Tesla Megapack lithium-ion batteries, together with Tesla’s Autobidder AI software for real-time trading and control

Construction work on a new £16 million Tesla energy facility has started in Dorset. Energy producer TagEnergy has started construction of the new £16m Hawkers Hill Energy Park near Shaftesbury, which will use Tesla technology, with a completion date of June next year.

The facility will use a system of Tesla Megapack lithium-ion batteries, together with Tesla’s Autobidder AI (Artificial Intelligence) software for real-time trading and control.

Santander UK has provided TagEnergy with a £6.4 million funding package to support development.

Franck Woitiez, TagEnergy CEO, said: This is a pivotal moment as we enter the fast-growing UK renewable energy market and Santander UK’s support of our very first project here has been crucial.

We’re excited by the prospect of delivering clean power support to the UK grid as part of our ambition to accelerate the energy transition, he said.

Hawkers Hill Energy Park is the seventh battery storage facility that Santander UK has supported with funding over the past two years.

The funding package provided to TagEnergy was partly financed by Santander UK’s Environmental and Social Growth Fund, which is designed to support lending that benefits the environment or society and contributes toward the UK’s sustainability agenda.

Mark Cumbo, spokesman for Santander UK, said: The construction of Hawkers Hill Energy Park marks TagEnergy’s entry into the UK battery storage facilities market. It’s an important step for the UK’s ability to produce a reliable flow of electricity from renewable sources.

He said: Santander UK strongly supports clients such as TagEnergy that are bringing positive environmental change to the UK’s energy sector, and we are delighted to provide funding for this new battery storage facility in Dorset.


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