Pulse Clean Energy, a UK-based battery storage developer, has secured £220 million in debt financing to advance its energy storage infrastructure. The funding, provided by a consortium of six banks including Santander, NatWest, and ABN AMRO, will support the development of six new battery energy storage system (BESS) sites across the UK, in addition to continuing operations at seven existing locations.
The financing marks a significant milestone for the UK’s battery storage sector, with the deal structured in accordance with the Green Loan Principles. It reflects growing commercial confidence in energy storage solutions, as the UK looks to strengthen grid resilience and increase the integration of renewable energy.
Pulse Clean Energy plans to use the capital to develop sites in key locations such as Devon, Manchester, and Aberdeen, collectively adding 700MWh of capacity to the grid. These projects are expected to generate over £200 million in savings from reduced gas consumption and lower emissions for UK consumers.
The company’s portfolio includes several operational sites across Greater Manchester, South Wales, and Tyne & Wear, with all financed systems slated to be operational by the end of 2027. The investment will also contribute to the ongoing growth of Pulse Clean Energy’s presence within the UK’s energy network, transforming former fossil fuel sites into renewable energy assets.
Legal counsel for Pulse Clean Energy was provided by Eversheds Sutherland, with additional advisory support from Watson Farley & Williams, Chatham Financial, and other industry experts.
