Glen Earrach Energy

Name

Glen Earrach Energy

Legal name

Glen Earrach Energy Limited

Website

https://glenearrach.energy

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Edinburgh

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Grid Balancing Services: Revenue from providing grid balancing services to the UK electricity system, storing excess renewable energy when supply exceeds demand and releasing during peak periods. This eliminates curtailment payments currently paid to wind turbine operators.
2. Capacity Market Revenue: Revenue from participating in the UK Capacity Market, providing guaranteed capacity to the national grid as a form of long-duration energy storage.
3. Energy Arbitrage: Revenue from buying electricity at low-demand/low-price periods (pumping water uphill) and selling at high-demand/high-price periods (generating electricity).

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Glen Earrach Energy is developing a 2GW, 34GWh pumped storage hydro energy storage scheme on the Balmacaan Estate above Loch Ness, Scotland. The facility stores excess renewable electricity by pumping water from a lower reservoir (Loch Ness) to an upper reservoir (Loch nam Breac Dearga) during low-demand periods and releases it through turbines during peak demand to provide grid balancing services, energy arbitrage, and capacity market revenues to the UK electricity system. The project also delivers a Community Wealth Fund allocating 5% of gross margin revenues to Highland communities.

Product overview

Glen Earrach Energy is developing a single major infrastructure project: a 2GW, 34GWh pumped storage hydro (PSH) energy storage scheme on the Balmacaan Estate above Loch Ness in Scotland. The core product is the PSH energy storage service that stores excess renewable energy when demand is low and releases it during peak demand. The company also offers two complementary community-focused sub-products: the Community Wealth Fund (allocating 5% of annual gross margin revenues to Highland communities, worth over £20 million annually over the project's 125-year lifetime), and the Ness Catchment Environmental Regeneration Programme (a £15 million, ten-year commitment to support environmental improvement including salmon habitat restoration and biodiversity monitoring).

Differentiator

Problem solved

Functional benefit

Products and services

• Glen Earrach Energy Pumped Storage Hydro Scheme A 2GW, 34GWh pumped storage hydro energy storage project located on the Balmacaan Estate above Loch Ness, Scotland, providing long-duration grid balancing, energy storage and capacity services to the UK electricity system.
• Community Wealth Fund A long-term community benefit fund allocating 5% of the project's annual gross margin revenues to Highland communities surrounding the Loch Ness catchment, expected to deliver over £20 million annually throughout the 125-year operational lifetime.
• Ness Catchment Environmental Regeneration Programme A £15 million, ten-year environmental commitment beginning once the project enters commercial operation, addressing long-standing pressures on the Ness catchment including altered river flows, migration barriers and aquaculture impacts, accompanied by a publicly available 10-year biodiversity monitoring programme.

Quantifiable outcome

• 2GW installed capacity with 34GWh energy storage
• +6 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Highland Community Planning Partnership BoardcoreStrategic or Co-development Partner · 1 June 2024Joint signatory to the Highland Social Value Charter (June 2024), which sets out a nine-point plan ensuring renewable energy developments create lasting value for the region.
• Scottish CanalscoreStrategic or Co-development PartnerPartnership to explore modernization of the Dochfour Weir, a Thomas Telford heritage structure critical to Caledonian Canal navigation. The project requires Weir adaptation to mitigate PSH impact on River Ness flows while addressing environmental challenges including fish passage for Atlantic salmon. Done properly, this could deliver net environmental gain by fixing long-standing barriers to salmon migration.
• Ness District Salmon Fisheries BoardcoreStrategic or Co-development PartnerPartnership on salmon smolt tracking study, the first of its kind for a PSH project. Study results inform the Fisheries Management Plan, including potential plant operation curtailment during sensitive smolt migration periods. Jointly developed in consultation with The Highland Council, SEPA and NatureScot.
• Foundation ScotlandcoreStrategic or Co-development PartnerCommunity organization partnering on the design of the Community Wealth Fund governance and delivery model, ensuring alignment with Highland Council's Social Value Charter principles and community-led decision making.
• SoirbheascoreStrategic or Co-development PartnerCommunity organization in the Highlands working with GEE to design governance and delivery model for the Community Wealth Fund.
• The Highland CouncilcoreStrategic or Co-development PartnerLocal government authority; GEE is second signatory to Highland Social Value Charter. Partnership on community engagement, road infrastructure improvements (A831), and planning process including Environmental Impact Assessment and Additional Information submissions.
• iNHouse Communications LimitedminorOthersThird-party vendor maintaining GEE's email database and sending regular project updates via email to stakeholders.
• WestGlen Consult LtdminorOthersThird-party vendor maintaining GEE's email database and sending regular project updates via email to stakeholders.
• SSEN TransmissioncoreOthersElectricity transmission network operator responsible for designing and delivering transmission infrastructure connecting GEE to the national grid. Point of grid connection (GIS switchyard) located at north of site to minimize visual impact of transmission towers. Initial on-site cabling will be undergrounded.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Vattenfall: Vattenfall operates large-scale pumped storage hydro assets across Scandinavia and is an established European utility developing wind and storage projects in the UK. It is a broad incumbent comparable on PSH technology and UK energy market participation.
• Statkraft: Statkraft is Europe's largest generator of renewable energy and a leading global operator of pumped storage hydro and hydropower assets. As a European incumbent with active UK and Scottish operations, it represents both a competitive and a benchmark reference for GEE's PSH economics and operations.
• Drax Group: Drax is the UK's largest renewable power generator and a major participant in the Capacity Market. While focused on biomass and not PSH, it is a directly comparable UK power-generation incumbent competing for capacity market revenues and grid services contracts.
• Red Rock Renewables: Red Rock Renewables (owned by ESB) develops onshore wind and battery storage assets in Scotland. It is a broad incumbent in the Scottish renewable energy landscape and a potential strategic partner or competitor for grid balancing services.

Emerging players

• Highview Power: Highview Power develops liquid air energy storage (LAES) plants as a long-duration alternative to pumped storage hydro. It competes directly with PSH for the UK's long-duration energy storage policy support and capacity market revenues.
• Zenobe Energy: Zenobe is a UK-based battery storage and EV infrastructure operator with significant grid-scale battery deployments. It is an emerging competitor in UK energy storage and represents the leading alternative technology to PSH for balancing services.
• Harmony Energy: Harmony Energy is one of the UK's largest battery energy storage system developers, competing with PSH for grid balancing, ancillary services, and capacity market revenues. It is an emerging competitor targeting the same UK storage revenue stack as GEE.

Others

• Samsung C&T / RES (renewables EPC): Samsung C&T and RES are major renewable energy EPC contractors active in UK and Scottish projects. As adjacent ecosystem participants, they would be comparable as potential contractors or partners for GEE's construction phase rather than direct competitors.

Direct peers

• SSE (SSE Renewables / Coire Glas): SSE is developing Coire Glas, a 1.5GW pumped storage hydro project in the Scottish Highlands, and operates the adjacent Foyers PSH scheme on Loch Ness. It is the most directly comparable PSH developer in the UK and the most likely competitor for grid balancing contracts and consenting precedent.
• ILI Group: ILI Group is a Scotland-based developer of large-scale pumped storage hydro projects. It pursues a comparable consenting and development pathway to GEE and represents the closest direct peer among smaller independent UK PSH developers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/GlenEarrach
• Facebookfacebook.com/61560925342190
• LinkedInlinkedin.com/company/glen-earrach-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Glen Earrach Energy