Matrix Renewables (“Matrix”), the TPG Rise-backed renewable energy platform, has announced its entry into the UK market through a partnership with Green BESS Developments (UK) Limited to take forward the development of two standalone battery energy system (BESS) projects in Scotland.
Located at two strategic sites along major electricity transmission corridors between Scotland and England, the Eccles and Kilmarnock projects will deliver a combined capacity of 1GW/2GWh. These sites are positioned to play a critical role in bolstering grid stability and accelerating the energy transition in the UK.
The partnership marks a significant market entry for Matrix into the UK’s rapidly advancing storage and renewable generation sector. The company sees a multi-gigawatt opportunity in the UK, with plans to develop over 2GW of additional generation and storage capacity over the next three years, representing in excess of £1 billion of investment into the UK and significant job creation.
The Eccles and Kilmarnock projects are scheduled to be grid-connected in 2027. Matrix is currently in advanced negotiations with a leading UK EPC provider (Engineering, Procurement, and Construction), and is finalizing the technical configuration, offtake strategy, and financing structure.
Sergio Arbeláez, Managing Director for Europe and Latin America at Matrix Renewables, commented: “Matrix is excited to continue growing our European portfolio, announcing our entry into the UK aligns with our investment strategy and further diversifies our technology mix. The UK is the most advanced market in Europe for standalone battery storage, and these projects anchor our in-country operations and development capabilities with a meaningful presence in the flexible generation space. Backed by our experienced UK team, we are committed to playing a long-term role in supporting and investing behind the UK’s transition to a low-carbon energy system.”
Karel Nohejl, Chairman of the Board of Green BESS Development (UK) Limited commented: “We are pleased to conclude this partnership with Matrix, who will continue the development of these projects. Both Eccles and Kilmarnock BESS projects are strategically important part of UK’s Green Transition and will significantly contribute to grid stability. We wish Matrix all the best in bringing these projects through the construction phase.”
Matrix Renewables
Matrix Renewables is a renewable energy platform created and backed by global alternative asset manager TPG and its $27 billion impact-investing platform. Matrix Renewables’ current portfolio is comprised of 15.5 GW of solar, storage and green hydrogen projects in Europe, United States, and Latin America.
