Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Wednesday 12 June 2024 8:51 am

Ørsted: Wind energy giant invests in Tesla battery to help lower electric bills

By: Bethany Wales

Add as a preferred source on Google
Wind-power giant Orsted has taken the final investment decision on a battery storage system for what is set to be the world's single largest offshore wind farm.

Wind-power giant Ørsted has invested in a Tesla battery storage system for what is set to be the world’s single largest offshore wind farm.

The Danish company said it will install a Tesla-made battery to store the more than  2.9 GW that will be generated by its new wind farm , which is predicted to produce enough green energy to power more than three million UK homes once completed.

The storage system will be housed on the same site as the onshore converter station for the farm, in the village of Swardeston, near Norwich, Norfolk.

Once installed, the battery will have a capacity equivalent to the daily energy use of 80,000 homes and has been designed so that any power not used can be saved for a later date.

Ørsted said this will help to reduce price fluctuations for consumers as it will make more power available, including during peak periods, when energy is traditionally more expensive.

When complete, the battery energy storage system will be one of the largest in Europe. It is expected to be operational by the end of 2026.

Duncan Clark, head of UK and Ireland in Ørsted, said: “Our 12 operational UK offshore wind farms are providing a huge amount of clean energy to the grid.

“The battery will help ensure that renewable energy is used in the best possible way by storing it when demand is lower and then releasing it back into the system when it’s really needed, thereby maximising the potential of renewable energy whilst providing increased energy security and value to consumers.

“With this investment, we’re adding significantly to Ørsted’s growing portfolio of storage solutions co-located with onshore and offshore renewable assets.” 

Mike Snyder, senior director of Megapack at Tesla, added: “Tesla is excited to be part of this industry-leading project with an exceptional partner.

“This project demonstrates the value and flexibility of Tesla’s best-in-class power electronics, providing enhanced grid stability and enabling more renewables on the grid.”

Read more

Upgrading the grid risks ending up like HS2

Electricity grid infrastructure with high-voltage power lines and pylons under a clear sky, representing energy distribution.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Energy

People & Organisations

  • National Grid
  • Orsted
  • tesla
  • wind power
  • Windfarm

Related Topics

  • Green energy
  • National Grid
  • Offshore wind

Trending Articles

  • Revealed: Secret Treasury plan to tax State Pension before it is paid out

  • Two solicitors linked to Post Office scandal charged with misconduct

  • Burnham’s new chief of staff ran City firm advising Thames Water and rival Heathrow bidder

  • Barclays and Lloyds join banking sector plan for digital ID

  • Reeves’ new tax charge on cash ISAs faces fierce industry backlash

More from City PM

  • Upgrading the grid risks ending up like HS2

    Opinion
    Electricity grid infrastructure with high-voltage power lines and pylons under a clear sky, representing energy distribution.
  • H55 Delivers Certification-Grade Propulsion Battery Modules to Pratt & Whitney Canada, Supporting Demonstration of Hybrid-Electric Aircraft Technology

    Business Wire
  • Revolut price tag ‘just a stepping stone’ to a trillion, says Fuse boss

    Fintech
    Revolut office interior showcasing modern workspace design with collaborative areas and tech-savvy workstations
  • Tesla casts long shadow over SpaceX’s bumpy market debut

    Tech
    Elon Musk, chief executive officer of Tesla Inc., closes his eyes for a moment of silence, during a campaign rally for former president Donald Trump. Photographer: Justin Merriman/Bloomberg via Getty Images
  • The Derbyshire manufacturing firm putting the nuts and bolts into the world’s most extreme environments

    Partner
    Breaking news banner highlighting top story with dynamic graphics and bold text on a professional news website
  • Rehlko and Liebherr Partner on Strategic Capacity Expansion to Support Accelerating Data Center Demand for Resilient Power Solutions

    Business Wire
  • ‘Novel and extreme’: Analysts calls out SpaceX governance days before IPO

    Investing
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform
  • Elon Musk becomes world’s first trillionaire after SpaceX mega float

    Wealth
    Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM. All rights reserved.
About · Contact · Terms · Privacy