August 22, 2025: Pulse Clean Energy said on August 5 it had secured £220 million ($297 million) to expand its battery storage infrastructure development in the UK.

Pulse said the green finance deal, underpinned by a consortium of six international banks, was one of the largest such financing agreements in the UK for BESS infrastructure.

The deal will support construction of six ‘ready-to-build’ BESS sites, including the conversion of existing diesel sites to BESS assets.

The six new BESS projects will collectively provide over 700MWh of capacity. During their operational life these projects will create over £200 million in gas and emissions savings for UK consumers, Pulse said.

All battery energy storage systems financed by the deal are expected to be operational by the end of 2027.

Savings would be in addition to the benefits of enabling greater integration of wind and solar power.

The green financing will also support the ongoing funding of nine sites already in operation or in late-stage construction.

Pulse said Santander Corporate & Investment Banking served as green loan coordinator, bringing together a diverse banking consortium including Santander, NatWest, ABN AMRO, NORD/LB, Investec and CIBC.

Nicola Johnson, CFO of Pulse Clean Energy, said: “This landmark investment reflects strong global confidence in the growing UK battery storage market and in Pulse Clean Energy’s ability to deliver at scale.”