Award-winning UK energy storage company, Highview Power Storage and Basil Read Energy (BRE), a wholly owned subsidiary of Basil Read, one of Africaʼs largest Construction, Engineering, Mining and Energy companies and a listed entity on the Johannesburg Securities Exchange (JSE), announce a strategic partnership agreement for the commercial deployment of Highviewʼsproprietary energy storage technology in South Africa and sub-Saharan Africa.
The agreement with BRE follows Highview’s announcement last week of a strategic partnership with the German Messer Group, the world’s largest owner-managed international industrial gases company. Highview is the first UK company to secure overseas commercial agreements in the fast-growing energy storage market.
This latest arrangement gives exclusive rights to BRE to deploy and implement Highview’s
proprietary cryogenic energy storage technology in their markets. Said Highview CEO, Gareth Brett, “With our pilot plant in the UK built and fully operational, signing our first commercial agreements was always the next key step.
With the very high quality of our international partners, I am confident that we shall see the ground being broken for the first multi-MW plants next year.”
BRE is a diversified African energy company focusing on the development, ownership and
operation of renewable energy power generation projects in sub-Saharan Africa.
Ian Curry, Director of BRE, commented, “The unique power of this solution is that the air is free and there is an infinite supply of it, so using air in liquid form as the energy storage vector is an extraordinarily attractive solution. It means the plants can be located anywhere rather than being dependent on a specific type of geography or location of a specific resource, such as water”.