FRV and Tyler Hill launch FRV TH Powertek limited to develop 1GW storage systems in the UK.
A partnership of expertise
FRV partners with Tyler Hill for a battery storage project in the UK. The collaboration was expected to generate 1 to 2GW of storage capacity within 5 years. In addition, the investment amounts to £1 billion.
FRV is part of the Abdul Latif Jameel Energy Group, a major player in sustainable development projects worldwide. The management team of the new platform combines experience in financing and project management. Abdul Latif Jameel’s vice president, Fady Jameel, says:
“We are delighted to be working with FRV on the launch of this platform, which combines the expertise and capabilities of both organizations to help decarbonize the UK energy sector.”
A major project
Battery energy storage plays a key role in a more stable, low-carbon power supply to the electrical grid. This partnership allows us to aim for significant growth in the installed capacity of battery storage projects. FRV and Tyler Hiller intend to accompany the UK towards its goal of net zero emissions by 2050.
The close collaboration with Tyler Hill is helping FRV to grow its presence in the UK. This partnership also consolidates the expansion of the portfolio of energy storage projects internationally. Finally, the synergy of the two organizations’ skills contributes to the decarbonization of the British energy sector.
