Global Trade Alert
Global Trade Alert

United Kingdom: National Wealth Fund provides funding for a battery storage consortium

Announcement

27 Aug 2025

In August 2025, the UK National Wealth Fund joined Equitix and Aware Super in a GBP 500 million investment to establish Eelpower Energy, a new platform to build, own, and operate grid-scale battery storage assets across the UK.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

27 Aug 2025

Revocation date:

No revocation date

Updated: 28 Aug 2025
Equity stake In force
On 27 August 2025, the UK government’s National Wealth Fund (NWF) announced an equity support of up to GBP 200 million (USD 269.4 million) in Eelpower Energy, a new UK battery storage platform. Eelpow...
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