TSLA - Orsted Invests In Tesla-Powered Battery Storage In UK: Details | Benzinga
Renewable energy group Orsted (OTC:DNNGY) decided to invest in a battery energy storage system to stabilize the U.K. energy supply and reduce price volatility.
The investment will complement its offshore wind power business, which will balance the grid, support renewable energy growth, and provide additional revenue.
The system will be installed at the onshore converter station for the Hornsea 3 Offshore Wind Farm in Swardeston, near Norwich, minimizing local disruption.
The company says that the Tesla, Inc. (NASDAQ:TSLA) battery energy storage system will be installed at the onshore converter station for Ørsted’s Hornsea 3 Offshore Wind Farm in Swardeston, near Norwich, Norfolk, in eastern England.
The storage system has a capacity of 600 ...