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Engie and Macquarie make joint investment in battery storage firm

By District Energy posted 01-12-2018 00:00

  

Diarmaid Williams, Power Engineering International

Summary

Engie and Macquarie Group have come together to invest £3m in Newcastle, England-based battery storage firm Connected Energy.

Connected Energy uses spent battery packs from electric vehicles to create on-site energy storage solutions for industrial and commercial companies.

The company says that by using second-life EV batteries, its E-STOR solution can deliver the benefits of battery storage at lower cost to businesses.

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