Copenhagen Infrastructure Partners (CIP) has announced the commercial operation of Coalburn 1, a significant milestone in Europe's energy transition. This 500 MW, two-hour lithium-ion battery energy storage system (BESS) located in South Lanarkshire, Scotland, is now the largest operational battery in Europe. The Coalburn 1 project, along with Coalburn 2 and Devilla, forms part of CIP's extensive energy infrastructure investments in the UK, providing a combined 1.5 GW of power capacity and 3 GWh of energy storage. This development supports the integration of renewable energy, enhances the flexibility and resilience of the UK power system, and contributes to cost reductions for consumers.
Elsewhere in the market, OPC Energy (TASE:OPCE) was trading firmly up 10.4% and ending trading at ₪99.43. This week, OPC reported a significant increase in quarterly sales and net income compared to the previous year. At the same time, Chuangxin Industries Holdings (SEHK:2788) trailed, down 8.6% to end trading at HK$17.50.
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