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Global Trade Alert

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United Kingdom: Introduction of funding for a Battery Energy Storage System (BESS) project

Description

On 23 May 2023, the UK Infrastructure Bank announced a debt financing of GBP 62.5 million (USD 57.8 million) to Pulse Clean Energy Ltd (PCE) to support its deployment of battery energy storage system ...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

23 May 2023

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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