Masdar Acquires Arlington Energy
Masdar, announced it has aquired UK-based battery energy storage system (BESS) developer Arlington Energy. The acquisition will enable Masdar to expand its presence in the UK and European renewable energy markets and support countries’ net-zero objectives.
Based in London, Arlington Energy has a proven record in developing, building, operating and financing flexible energy solutions, having taken over 170 megawatts (MW) of assets through to operation in the past two years. Masdar’s acquisition of Arlington Energy will enable the development, construction, operational management, and financing of BESS projects under one Masdar-Arlington platform.
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said, “Masdar and Arlington Energy share a long-standing belief that greater investment in energy storage is critical if countries are to expand their renewable energy portfolios and achieve their net-zero ambitions. By working together, we will be able to provide a more resilient and flexible energy resource, helping to accelerate the UK and other European countries’ clean energy transitions, and supporting our efforts in expanding our offshore wind and broader renewables portfolio.”
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