The Business Wire reported that VLC Energy has announced the development of two of the United Kingdom’s biggest storage plants and to be connected to the electricity network by the end of 2017. The new company is a joint venture between Low Carbon (a renewable energy investment company) and VPI Immingham (owner of one of the largest combined heat and power plants in Europe and part of the Vitol Group).
VLC energy was formed to fund early stage energy storage and renewable energy projects in the UK. Their goal is to accelerate the development of the UK’s renewable energy market while complementing VPI Immingham’s existing combined heat and power generation capabilities.
The first multi-million dollar projects to be developed by VLC Energy include two of the UK’s biggest energy storage plants in Cleator in Cumbria and Glassenbury in Kent.