Fidra Energy

What Fidra Energy does

Fidra Energy Ltd. is a UK-based battery energy storage system (BESS) developer and operator headquartered in Edinburgh, established in 2024 as the European BESS platform of EIG (Energy Infrastructure Group) with co-investment from the UK National Wealth Fund. The company develops, builds, and operates large-scale, grid-connected lithium-ion battery storage projects using Sungrow's PowerTitan 2.0 liquid-cooled grid-forming technology, currently managing a UK pipeline exceeding 4.1GW across four projects: Thorpe Marsh (1.45GW/2.9GWh in Yorkshire, the largest BESS project in the UK, under construction since September 2025), West Burton C (500MW/1GWh in Nottinghamshire), Bicker Fen 1&2 (1.2GW/2.4GWh in Lincolnshire), and Enderby (1,025MW in Leicestershire, acquired from Innova in June 2026).

The company's business model is anchored on three revenue streams: (1) 15-year UK Capacity Market awards providing fixed revenues (approximately £357M secured across Thorpe Marsh and West Burton C, representing ~22% of total derated new build BESS capacity in the T-4 auction); (2) long-term tolling agreements with generators such as Drax (10-year deal for 250MW/500MWh at West Burton) providing inflation-indexed fixed fees in exchange for counterparty dispatch rights; and (3) energy trading and balancing services through offtake agreements with EDF, Octopus Energy, and Statkraft covering approximately 80% of Thorpe Marsh capacity. Revenue is therefore a mix of regulated recurring capacity payments, contracted recurring tolling fees, and usage-based trading income.

Fidra raised approximately £445M in equity from EIG and the National Wealth Fund plus £594M in debt from international lenders in September 2025 to reach financial close on Thorpe Marsh, totaling approximately £1B for that project alone. The company is led by an experienced management team previously responsible for West Burton Energy, including CEO Chris Elder, COO Lisa Mackay, CFO Tony Julius, and CGO Morris Van Looy, who led the prior £450M divestiture of West Burton B power station to TotalEnergies. Fidra's stated ambition is to develop 10GW of battery storage in the UK and other European markets by 2030.

Name

Fidra Energy

Legal name

Fidra Energy Ltd.

Website

https://fidraenergy.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Fidra Energy is a UK-based battery energy storage developer, backed by EIG and the National Wealth Fund, developing and operating grid-scale lithium-ion BESS projects exceeding 4.1GW across the UK using Sungrow PowerTitan 2.0 technology, serving the National Grid, energy suppliers, and generators through capacity market contracts, tolling agreements, and energy trading.

Ownership category

akta.pro rank

Product category

Battery Energy Storage

NAICS

Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)

akta.pro secondary industries

BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI), BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage) (EUAFAAAL), Utility-Scale BESS EPC & Integration (EUAEAEAA)

Keywords

• Battery energy storage
• Grid-scale BESS
• Energy storage projects
• Renewable integration
• Capacity market services

Headquarters

HQ city

Edinburgh

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Capacity Market Revenue: Long-term capacity market awards from the UK Government providing fixed revenues over 15-year contract periods. Fidra secured ~22% of total derated new build BESS capacity in the T-4 Capacity Market Auction for 2028/29, generating approximately £357 million in fixed revenues for Thorpe Marsh and West Burton C projects in today's money.
2. Tolling Agreements: Long-term tolling agreements where counterparties (e.g., Drax) pay fixed annual fees indexed to inflation in exchange for full operational control and dispatch rights. Fidra retains construction, maintenance, and availability risks. Drax signed a 10-year tolling agreement for 250MW/500MWh at West Burton.
3. Energy Trading and Balancing Services: Revenue from providing grid balancing services, storing energy during excess renewable generation periods and releasing during peak demand. Projects have signed long-term offtake agreements covering approximately 80% of Thorpe Marsh capacity with EDF, Octopus Energy, and Statkraft.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Fidra Energy develops, builds, and operates large-scale grid-connected battery energy storage system (BESS) projects in the UK and other European markets. The company finances, constructs, and manages multi-gigawatt lithium-ion storage projects using Sungrow PowerTitan 2.0 liquid-cooled technology, and monetises capacity through long-term offtake agreements, tolling deals, capacity market awards, and energy trading/balancing services.

Product overview

Fidra Energy is a battery energy storage system (BESS) development and operating platform offering large-scale grid-connected battery storage projects. The company's portfolio includes four major projects: Thorpe Marsh (1.45GW/2.9GWh in Yorkshire), West Burton C (500MW/1GWh in Nottinghamshire), Bicker Fen 1 & 2 (1.2GW/2.4GWh in Lincolnshire), and Enderby (1,025MW in Leicestershire). Combined pipeline exceeds 4.1GW. Projects provide grid flexibility, renewable energy integration, and capacity market services using lithium-ion battery technology supplied by Sungrow.

Differentiator

Problem solved

Functional benefit

Products and services

• Thorpe Marsh Battery Storage Project The largest battery storage project in the UK at 1.45GW (2.9GWh), located in Yorkshire, England on a former coal station site adjacent to a large National Grid substation. Capable of powering approximately 785,000-800,000 homes annually and exporting over 2 million MWh per year. Uses Sungrow PowerTitan 2.0 liquid-cooled technology.
• West Burton C (WBC) Battery Storage Project A 500MW (1GWh) battery storage project in Nottinghamshire, adjacent to West Burton B gas-fired power station. Subject to a 10-year tolling agreement with Drax for 250MW/500MWh. Capable of powering approximately 300,000 homes. Uses Sungrow PowerTitan 2.0 technology.
• Bicker Fen 1 & 2 Battery Storage Project Early-stage development project in Lincolnshire with expected storage capacity of 1.2GW (2.4GWh) on a 40-acre site adjacent to the Bicker Fen 400kV substation. Capable of powering approximately 700,000 homes.
• Enderby Battery Storage Project A 1,025MW battery storage project in Leicestershire, acquired from Innova in June 2026, making it one of the largest BESS projects in the UK. Confirmed eligible for the UK's long-duration energy storage cap and floor scheme. Increases Fidra's UK BESS pipeline to over 4.1GW.

Quantifiable outcome

• Thorpe Marsh can power 800,000 homes during peak demand and export over 2 million MWh annually
• +4 more outcomes

Named customers4 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

Feature1 record

Partnerships

Four partnerships are on record, tiered major and core.

• InnovamajorStrategic or Co-development Partner · 3 June 2026Largest UK independent developer of renewable energy projects and data centres. Fidra acquired the 1,025MW Enderby BESS project from Innova. Innova had secured planning consent from Blaby District Council in May 2025 and confirmed eligibility for the first long-duration energy storage cap and floor scheme application. The transaction is Innova's third utility-scale transmission-connected BESS sale in 12 months, totaling over 2.4GW.
• H&MV EngineeringmajorImplementation/ SI/ Consulting Partner · 10 September 2025Principal designer and contractor of the 400kV grid connection, electrical and mechanical scheme, and for the erection and commissioning of Sungrow battery systems at Thorpe Marsh.
• Jones Bros.majorImplementation/ SI/ Consulting Partner · 10 September 2025Principal contractor undertaking civil and drainage works at the Thorpe Marsh site in South Yorkshire.
• SungrowcoreTechnology or Integration · 18 November 2024Strategic 4.4GWh partnership agreement where Sungrow supplies its PowerTitan 2.0 liquid-cooled BESS technology for Thorpe Marsh and West Burton C projects. Sungrow provides long-term maintenance services for both projects. The PowerTitan 2.0 is specifically designed for grid-forming, enhancing grid resilience and stability while enabling efficient participation in ancillary service markets.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Statera Energy: UK-based BESS developer with a multi-gigawatt pipeline of grid-scale battery storage projects competing directly with Fidra for grid connections, capacity market awards, and offtake counterparties.
• Harmony Energy Income Trust: UK-listed BESS developer and operator with multiple utility-scale projects in the UK and selected European markets. Closest pure-play comparable to Fidra's developer/IPP model, securing capacity market revenues and PPAs with UK utilities.

Peers

• Zenobē Energy:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fidra-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds3 records

Investors15 records

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 Fidra Energy