VPI

What VPI does

VPI is a UK-based flexible power generation and energy storage company wholly owned by Vitol Group, the world's largest independent energy trader. Founded in 2013, VPI operates approximately 3.5GW of generation capacity across 8 sites in the UK and Ireland, with a development pipeline expanding into Germany. Its portfolio comprises combined cycle gas turbines (Rye House 715MW, Damhead Creek 812MW, Shoreham 460MW, Blackburn 60MW), a combined heat and power plant at Immingham (1,240MW), open cycle gas turbines (Castlelost 275MW under construction, VPI B 299MW under construction), reciprocating engines (Energy Park A 50MW), and battery energy storage systems (Lumcloon and Shannonbridge 200MW combined in Ireland, 1GW+ pipeline in Germany).

The company generates revenue primarily through wholesale electricity sales, capacity market contracts, and ancillary grid services (frequency response, balancing, arbitrage) supplied to National Grid (UK) and EirGrid (Ireland). At Immingham, VPI also operates one of Europe's largest CHP plants, supplying steam and electricity under long-term bilateral contracts to adjacent refineries including Phillips 66 (up to 930 tonnes of steam per hour) and Prax Lindsey. The company is the largest battery energy storage operator in Ireland and is pioneering carbon capture via the Humber Zero project, which would capture up to 3.3 million tonnes of CO2 annually using Shell's Cansolv amine technology (operational target 2029). VPI also participates in hydrogen production via the joint 800MW Humber Hydrogen Hub (H3) with Air Products.

VPI's go-to-market is enterprise B2B, with direct relationships to grid operators and industrial customers rather than retail distribution. Capital deployment exceeds £2bn committed to the energy transition, with new geographies entered via joint ventures with local developers (Lumcloon Energy in Ireland; Quantitas Energy and Noveria Energy in Germany). All thermal assets are designed with a route to abatement, including hydrogen-ready configurations and CCS retrofit potential, reflecting a strategic posture that anchors existing dispatchable capacity while building new low-carbon and storage platforms. Fleet-wide availability of 97% and 9.5 TWh of annual generation underscore operational maturity.

Name

VPI

Legal name

VPI Holding Ltd

Website

https://vpi.energy

Company type

Private

Founded year

2013

Operating status

Operating

Short description

VPI is a UK-based power generation and energy storage company operating 3.5GW of flexible capacity across the UK, Ireland, and Germany, supplying dispatchable power, battery storage, and carbon capture services to grid operators and industrial customers.

Ownership category

akta.pro rank

Product category

Flexible Power Generation

NAICS

Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211), Steam and Air-Conditioning Supply (221330)

SIC

Cogeneration Services & Small Power Producers (4991), Steam & Air-Conditioning Supply (4961)

akta.pro primary industry

Virtual Power Plant (VPP) / Distributed Energy Resources (DER) Aggregation for Balancing (EUAGAKAI)

akta.pro secondary industries

Utility-Scale VPPs & Grid Services Aggregation (Capacity, Frequency, Reserves) (EUAFAHAD), Commercial & Industrial (C&I) DER Aggregation & Load Flexibility (EUAFAHAB)

Keywords

• Flexible power generation
• Battery energy storage
• Carbon capture solutions
• Grid stability services
• Thermal power assets

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Supply Chain

Revenue model

1. Power Generation and Capacity Market Contracts: VPI generates revenue primarily through the sale of electricity produced by its flexible thermal power generation assets (CCGT, OCGT, reciprocating engines) into wholesale markets. Additional revenue comes from Capacity Market contracts, which provide payments for ensuring supply reliability during peak demand periods. The portfolio of 3.5GW of generation assets is dispatched based on grid demand and market prices.
2. Grid Services and Battery Storage Revenues: Battery energy storage systems generate revenue through multiple mechanisms including frequency response services, arbitrage (charging during low prices, discharging during high prices), and capacity market contracts. VPI operates Ireland's largest battery portfolio and is developing utility-scale BESS in Germany.
3. Carbon Capture and Storage Services: Carbon capture retrofit at Immingham will enable continued operation of thermal assets while decarbonising, generating revenues through power and steam supply to adjacent industrial customers with lower carbon intensity.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

VPI operates a 3.5GW portfolio of flexible thermal power generation assets — including combined cycle gas turbines (CCGT), open cycle gas turbines (OCGT), combined heat and power (CHP) plants, and reciprocating engines — alongside utility-scale battery energy storage systems and a pioneering carbon capture and storage project (Humber Zero) at Immingham. The company sells electricity, steam, grid balancing services, frequency response, and capacity market contracts directly to grid operators (National Grid, EirGrid), industrial offtakers (Phillips 66, Prax Lindsey Refinery), and wholesale electricity markets across the UK, Ireland, and Germany.

Product overview

VPI is a leading power company backed by Vitol, operating approximately 3.5GW of power generation capacity across the UK, Ireland, and Germany. The company offers a diversified portfolio of flexible generation and storage solutions including: CCGT plants (Blackburn 60MW, Damhead Creek 812MW, Rye House 715MW, Shoreham 460MW), CHP plant (Immingham 1,240MW), OCGT plants (Castlelost 275MW, VPI B 299MW), reciprocating engines (Energy Park A 50MW), battery energy storage (Lumcloon 100MW/60MWh, Shannonbridge 100MW in Ireland, plus 1GW+ pipeline in Germany), and carbon capture (Humber Zero at Immingham targeting 3.3Mt CO2 capture annually). VPI's approach combines trading and engineering expertise to deliver decarbonised, dispatchable, and flexible power generation.

Differentiator

Problem solved

Functional benefit

Products and services

• Immingham CHP 1,240MW combined heat and power (CHP) plant in North Lincolnshire, one of the largest in Europe. Provides electricity and steam to Humber region industry including Phillips 66 Humber Refinery (up to 930 tonnes of steam per hour) and Prax Lindsey Oil Refinery. Operational since 2004.
• Rye House CCGT 715MW combined cycle gas turbine (CCGT) power plant in Hertfordshire, 18 miles north of London. Provides flexible power and ancillary services to the network operator, powering over 700,000 homes. Features three gas turbines that can run independently or as a unit.
• Damhead Creek CCGT 812MW combined cycle gas turbine (CCGT) power plant in Kent on the Hoo Peninsula. Provides flexible power to London and South East, powering over 800,000 homes. Upgrade underway with potential future 900MW CCGT with CCS by 2030.
• Shoreham CCGT 460MW combined cycle gas turbine (CCGT) plant in East Sussex. One of the most efficient UK plants of its kind. Built on site of former coal-fired power station. Powers over 450,000 homes.
• Blackburn CCGT 60MW combined cycle gas turbine (CCGT) plant in Lancashire providing power to northwest England's manufacturing area. Operational since 2001, capable of powering over 60,000 homes.
• Energy Park A 50MW fast-start gas reciprocating engine facility located next to Immingham plant in North Lincolnshire. Commissioned 2024. Provides rapid-response power to support local grid during high demand or when renewables unavailable. Hydrogen-ready design.
• VPI B OCGT 299MW open cycle gas turbine (OCGT) plant under construction at Immingham. Provides additional low-carbon flexible generation capacity with quick grid stability response. Hydrogen-ready design. Expected commercial operation 2026.
• Castlelost OCGT 275MW open cycle gas turbine (OCGT) plant in County Westmeath, Ireland. Joint venture with Lumcloon Energy (51% VPI share). Supports Irish grid with flexible generation during peak demand and low wind output periods.
• Lumcloon Battery Storage 100MW/60MWh battery energy storage plant in County Offaly, Ireland. Commissioned 2021. Plays important role in stabilising the grid as renewables expand, managing congestion and price volatility.
• Shannonbridge Battery Storage 100MW battery energy storage plant in Ireland. Commissioned 2021 alongside Lumcloon facility. Supports local grid stability as renewables expand. Critical infrastructure for energy transition and net zero goals.
• Humber Zero Carbon Capture Carbon capture retrofit project at Immingham power station. Pioneering one of world's largest carbon capture projects for power. Uses Shell's Cansolv amine capture technology. Targets 95% CO2 reduction, capturing up to 3.3 million tonnes per year. Part of Viking CCS cluster with Track 2 status. Operational target: 2029.
• Germany Battery Storage Pipeline End-to-end battery storage solution in Germany with more than 1GW of batteries in pipeline. Joint ventures with Quantitas Energy and Noveria Energy using LFP battery technology. Projects across Mecklenburg-Vorpommern, Brandenburg, Hessen, and Baden-Württemberg. Developed without public subsidies.
• Pasewalk Battery Project 144MWh standalone battery energy storage system in Pasewalk, Mecklenburg-Vorpommern, Germany. Part of VPI's German pipeline exceeding 1GW. Battery supplier: CATL. Balance of Plant contractor: Intec Energy Solutions. Owner's Engineer: Wood Group.

Quantifiable outcome

• 3.5GW of flexible power generation capacity across UK and Ireland, serving millions of homes and businesses.
• +6 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered major, minor and core.

• CATL (Contemporary Amperex Technology)majorTechnology or Integration · 19 June 2026Market-leading battery supplier for VPI's 144MWh battery project in Pasewalk, Mecklenburg-Vorpommern, Germany. CATL supplies the battery storage system as part of VPI's German development pipeline.
• Intec Energy SolutionsmajorTechnology or Integration · 19 June 2026Balance of Plant (BoP) contractor for VPI's 144MWh battery project in Pasewalk, Germany. Intec Energy Solutions handles the balance of plant engineering and construction for the BESS facility.
• Wood GroupmajorImplementation/ SI/ Consulting Partner · 19 June 2026Wood Group serves as Owner's Engineer for VPI's 144MWh battery project in Pasewalk, Germany, providing technical oversight and project management services.
• BPM (planning consultant)minorImplementation/ SI/ Consulting Partner · 19 June 2026Planning consultant for VPI's 144MWh battery project in Pasewalk, Germany.
• Noveria EnergycoreStrategic or Co-development Partner · 29 September 2025Joint venture to develop more than 700MW of utility-scale battery storage in Germany through five battery projects located in Baden-Württemberg and Brandenburg, with power capacities ranging between 60MW and 300MW. Target operational status by end of decade, first project targeted for 2027. Noveria Energy is a Germany-headquartered project developer backed by Bluestar Energy Capital with 2GW+ pipeline across 9 German states. VPI will develop, build, operate, and trade the assets.
• Viking CCS (Transport and Storage Network)coreStrategic or Co-development Partner · 26 September 2025VPI's Immingham plant is positioned as an anchor emitter project for the Viking CCS cluster, which received UK Government Track 2 status. The Viking CO2 network will transport and store captured carbon from Immingham and other emitters to depleted North Sea gas fields. Target: 10Mt CO2 stored per year by 2030, 15Mt per year by 2035.
• Quantitas EnergycoreStrategic or Co-development Partner · 12 September 2024Joint venture between VPI and battery project developer Quantitas Energy to deliver utility-scale battery energy storage solutions in Germany. Initially targeting 500MW/1GWh of BESS capacity. Quantitas Energy provides project pipeline and deep relationships with German stakeholders including landowners, municipalities, and distribution system operators. VPI brings investment capital and operational expertise as market leader of batteries in other countries.
• WorleymajorImplementation/ SI/ Consulting Partner · 25 July 2024Worley, a global professional services company of energy, chemicals and resources experts, has been awarded the EPC development phase for VPI's carbon capture project at Immingham. Worley has been working on FEED since 2022 and will prepare for EPC pending final investment decision. VPI estimates the project will create more than 1,500 construction jobs and additional permanent roles once operational.
• Wood GroupmajorImplementation/ SI/ Consulting Partner · 25 July 2024Wood Group is also the Owner's Engineer for VPI's Humber Zero carbon capture project at Immingham, providing FEED and EPC development phase support.
• Lumcloon EnergycoreStrategic or Co-development Partner · 13 July 2022Joint venture with Lumcloon Energy (51% VPI, 49% Lumcloon) to build a 275MW open cycle gas turbine plant at County Westmeath, Ireland. The plant acts as backup to renewable energy, operating when wind output is low. VPI brought CCGT operational expertise; Lumcloon provided project development capabilities. Also involves battery energy storage at Lumcloon and Shannonbridge sites where VPI became majority shareholder in 200MW of BESS.
• Air ProductscoreStrategic or Co-development Partner · 6 July 2022Joint development agreement between Air Products (world's largest hydrogen producer) and VPI to develop the 'Humber Hydrogen Hub' (H3), an 800MW low-carbon hydrogen production facility in Immingham. The majority of hydrogen produced would decarbonise VPI Immingham's existing power production. The project aims to capture up to 2Mt CO2 per annum and contribute to Net Zero in the Humber region by 2040. Air Products contributes world-leading hydrogen production expertise and operates one of the largest low-carbon hydrogen facilities in Port Arthur, Texas.
• Phillips 66 and UnipercoreStrategic or Co-development Partner · 19 May 2020Memorandum of understanding between Phillips 66, Uniper, and VPI to co-develop Humber Zero, a large-scale decarbonisation project for the Humber industrial region. Humber Zero targets decarbonising 8Mt per annum of CO2 initially, with potential for 30Mt from the wider Humber cluster. VPI and Phillips 66 are anchor emitters connecting to the Viking CCS transport and storage network. Uniper contributes hydrogen expertise for the H3 (Humber Hydrogen Hub) project.
• Gresham House Energy Storage FundminorChannel Partner/ Reseller/ Distributor · 13 December 2019VLC Energy (joint venture between Low Carbon and VPI Immingham) sold two operational battery storage facilities totalling 50MW (40MW at Glassenbury, Kent; 10MW at Cleator Moor, Cumbria) to Gresham House Energy Storage Fund for £29.2 million in December 2019. Both sites were commissioned in January 2018 and represented a quarter of National Grid's EFR contract capacity.
• Low CarbonminorStrategic or Co-development Partner · 13 February 2017VLC Energy joint venture established between Low Carbon (renewable energy investment company) and VPI Immingham (part of Vitol Group) to fund early-stage energy storage and renewable energy projects in the UK. Jointly developed the 50MW Cleator and Glassenbury battery storage plants before they were sold to Gresham House.

Scale indicators14 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• Uniper: German-headquartered utility with large-scale gas, hydrogen, and CCS activities and an existing VPI partner in Humber Zero; comparable as a European flexible thermal operator pursuing CCS and hydrogen optionality.
• Gore Street Energy Storage Fund: London-listed fund investing in UK and international grid-scale battery storage projects; comparable to VPI as a battery storage operator monetising UK balancing, capacity, and arbitrage revenues.
• Drax Group: UK-listed power generator operating flexible generation assets including biomass and gas; comparable to VPI as a dispatchable UK power producer reliant on capacity market revenues and energy transition positioning.
• RWE: One of Europe's largest utilities with conventional generation and a leading renewables/storage buildout in Germany; comparable to VPI on European dispatchable power, German battery market entry, and energy transition capex.
• Harmony Energy Income Trust: UK-listed pure-play battery energy storage operator focused on grid-scale BESS in UK and other markets; comparable to VPI on utility-scale battery storage participation in UK capacity and ancillary services markets.
• SSE plc: Major UK-listed power generator and network operator with thermal, renewables, and battery storage assets; comparable to VPI across flexible generation, UK grid services exposure, and energy transition investment program.

Broad incumbents

• EDF Energy: UK subsidiary of EDF with nuclear, renewables, and flexible thermal assets including the West Burton B and former coal-to-biomass conversions; comparable to VPI on large-scale UK dispatchable generation and decarbonisation retrofit.
• Centrica: UK-listed integrated energy company (British Gas owner) with power generation, trading, and B2B energy solutions; comparable to VPI on UK flexible power exposure and energy trading/optimisation capabilities.
• Engie: French multinational utility with European flexible generation, battery storage, and hydrogen/CCS investments; comparable to VPI on cross-border thermal-flexibility, decarbonisation retrofits, and grid services.
• Ørsted: Danish-headquartered global leader in offshore wind with growing flexibility, hydrogen, and CCS activities; comparable to VPI on European energy transition capital deployment and grid-stability asset classes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vpi-power

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VPI