Lightsource BP to integrate solar parks with 4 GW of battery storage - report

Lightsource bp, the UK-based, BP Plc (LON:BP)-backed solar developer, will seek to deploy 4 GW of battery energy storage capacity to support its ambitions for developing 25 GW of solar projects by 2025.

The company’s CEO Nick Boyle has told Reuters that Lightsource bp’s vision is to co-locate energy storage facilities at most of its solar sites, seeking to address the intermittency of supply and support the greater penetration of renewables.

The 4-GW goal is planned to be reached by 2025. The proposed batteries, when installed, will be capable of storing enough electricity to cover the annual electricity consumption of one million British homes.

Last year, the 50% BP-owned solar developer unveiled its 25-GW solar target and then said the plan would be fuelled by a growing pipeline of greenfield, co-development and acquisition opportunities. According to its website, the company now has 5.7 GW of projects developed worldwide. An additional 2.2 GW of solar schemes are in operation or under construction in the US.

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