The transaction marks a significant step forward in supporting and cementing Scotland’s role in the UK energy transition. This large‑scale transmission connected battery energy storage project is critical for national infrastructure, enabling higher penetration of renewables, supporting frequency stability and enhancing overall system resilience as the power system decarbonises.

Large transmission connected assets - particularly around the B6 and B4 boundaries - are especially valuable. The Newarthill project is well positioned to help alleviate network constraints and reduce reliance on thermal peaking plant, delivering tangible system benefits in step grid decarbonisation.

Scotland’s renewables‑heavy generation mix, combined with persistent grid constraints, creates natural price volatility and sustained congestion value, conditions under which BESS economics perform strongly. Constraints can limit exports to the wider network, leading to curtailment and redispatch. Appropriately located batteries can exploit these periods by charging during constrained windows and capturing value over sustained timeframes, often beyond what their nominal duration would typically suggest. This is where large‑scale, transmission‑connected BESS can play a meaningful and differentiated role and one where the Newarthill project will play a critical role for decades to come.

Lloyd Garvie, Director of Geocore, says, “After spending the past four years developing the Newarthill BESS project and navigating a complex period of grid queue reform it is hugely rewarding to have secured the right long‑term owner and funder. Newarthill sits at a critical grid node, where high urban demand coincides with significant renewable generation, making it an ideal asset for Elements Green as it deepens its presence in the UK BESS market. I’m confident the project will play a meaningful role in supporting wider system stability. We are extremely grateful for the help and support provided to us during the transaction by our advisors at Savills and Shepherd & Wedderburn.”

David Cunningham Co-Head of Savills Earth Capital Advisors, adds, “The Geocore team were a pleasure to work with, despite the complexities with navigating grid queue reform. This deal marked our second engagement with Elements Green, further supporting an efficient and well streamlined execution. With well‑established experience on both the buy‑side and sell‑side in the UK BESS market, and underpinned by in‑house, bank‑grade financial modelling alongside a strong understanding of toll, cap and floor structures, we were able to provide robust valuation guidance from origination through to execution giving all parties confidence and delivering a predictable and successful outcome.”

Rasmus Friis, CEO, Elements Green, adds,  “This acquisition represents another important step in Elements Green’s strategy to build a portfolio of large-scale, transmission connected energy storage assets across key parts of the UK network. Newarthill is a high-quality project located at a strategically important grid node within Scotland, where significant renewable generation coincides with growing system constraints and strong demand for network flexibility. As the UK continues to decarbonise its electricity system, projects of this scale and positioning will become increasingly important. We would like to thank everyone involved in the transaction for their collaboration and hard work throughout the process.”