Econergy secures £42.7m financing for Immingham battery project. Econergy has secured £42.7m from Santander to build its 80MW/240MWh Immingham battery, backed by two 10-year revenue floor deals with EDF. 6 August, 2026 In brief. * - Econergy has secured approximately £42.7 million from Santander UK to support construction of an 80MW/240 MWh battery energy storage system at Immingham. * - The package includes a main construction facility of around £38.4 million, together with VAT and debt-service reserve facilities. * - EDF will optimise the battery under two 10-year agreements, each covering 40MW and providing a guaranteed annual revenue floor. * - Econergy expects the floor and associated Capacity Market income to provide £45 million to £50 million over the contract term - approximately half of the project's forecast revenues. In review. Santander has agreed approximately £42.7 million of project finance for Econergy's planned 80MW/240MWh battery at Immingham in North East Lincolnshire. The battery is expected to operate at its full rated output for around three hours, with the financing package including a main facility worth approximately £38.4 million, together with a VAT revolving facility and a debt-service reserve facility. Ecoenergy plans to use the main facility of the funding towards construction costs, while also repaying shareholder loans that it needed during the development of the project. It won't be paying back the loan by solely operating the battery project, however. Instead, Econergy has signed two 10-year revenue floor agreements with EDF, with each covering 40MW of the project. With the agreement, EDF will optimise the battery across the markets available to it while guaranteeing a minimum level of annual revenue. Income earned above that floor will be shared between the two companies. For Econergy, the attraction is straightforward. Battery revenues can move sharply as wholesale prices, balancing opportunities and demand for grid services change. A revenue floor gives the project a dependable base of income without removing its ability to earn more when market conditions allow. Securing long-term revenues. Econergy expects the revenue floor and associated Capacity Market payments to generate between £45 million and £50 million over the 10-year agreement. Capacity Market payments are expected to account for around 11% of that figure. Taken together, the contracted income is expected to represent approximately half of the project's anticipated revenue over the period. That degree of certainty will have helped secure the financing. Santander does not have to rely entirely on forecasts for merchant and balancing-market income, while Econergy retains exposure to revenues above the agreed floor. Joshua Murphy, director of energy storage at Econergy, described the three-hour project as a milestone for the company. "Once commissioned it will be among the largest batteries in the country operating above two hours," he said. This model of financing a project could ultimately become more popular, as it means firms can rely on a guaranteed income rather than hoping for the markets to pay back the cost of construction and development. It also follows some of the same logic as Ofgem's cap-and-floor model, in that it protects the project against low revenues while sharing some of the upside. Except this time, it's EDF that is taking the risk rather than consumers themselves.

Hartlepool Power Station to remain operational until 2030. Jul 23rd, 2026 | WRITTEN BY: Dave Allan Hartlepool Power Station will continue generating electricity until at least 2030, protecting hundreds of highly skilled jobs and providing a welcome boost to the region's economy after operator EDF announced a further two-year extension to the site's operational life. The decision means the power station, alongside Heysham 1 in Lancashire, will remain in service until March 2030 rather than closing in 2028 as previously planned. EDF said the extension follows a detailed review of the condition of the stations' boilers and graphite reactor cores, together with an assessment of supply chain resilience. The announcement provides a significant boost for Hartlepool, safeguarding one of the region's most important energy assets and reinforcing the Tees region's growing reputation as a centre for energy generation and industrial innovation. Hartlepool Power Station first began generating electricity in 1983 and was originally expected to operate for around 25 years. Since taking ownership of the UK's nuclear fleet in 2009, EDF has extended the station's lifespan on several occasions. Tom Greatrex, chief executive of the Nuclear Industry Association, welcomed the decision, saying it would help strengthen the UK's energy security. He said: "The significance of this cannot be understated, given the UK's exposure to volatile gas prices and the need to protect households by providing baseload power." He added that the announcement was "also a reminder that, as our existing fleet approaches retirement, we must move at pace on new nuclear." Hartlepool MP Jonathan Brash described the extension as "a real boost" for the town. He said: "Hartlepool is now on course to reach almost 50 years of continuous nuclear generation. "That's an extraordinary achievement and one our whole town should be proud of." The announcement also represents positive news for the highly skilled workforce employed at the station and for businesses throughout the regional supply chain that support its operations. Looking beyond the current plant, EDF also confirmed progress towards bringing the UK's first advanced modular reactors (AMRs) to Hartlepool. The company said an application to begin the generic design assessment process was submitted in June, describing it as the first major step towards securing regulatory approval. Developers believe the proposed AMRs could eventually generate a similar amount of electricity to the existing power station, helping maintain Hartlepool's long-term role at the heart of the UK's nuclear industry. EDF confirmed the operational lifetimes of Torness and Heysham 2 were not reviewed as part of the latest assessment. The latest extension comes at a time when nuclear power is playing an increasingly prominent role in the UK's plans to strengthen energy security, reduce carbon emissions and provide reliable low-carbon electricity as demand continues to grow.

EDF and Heliotec launch partnership to help small businesses reduce energy costs. Posted July 22, 2026 * The four-month trial will provide over 1,000 eligible EDF Small Business customers with free access to Heliotec's AI-powered energy intelligence platform. * Customers receive real-time, site-specific recommendations in clear, practical language, to help them take immediate action to reduce unnecessary energy costs and waste. * No hardware installation required, allowing businesses to take control of their energy use without interrupting day-to-day operations. EDF Small Business and Heliotec today announced a partnership that begins with a four-month trial involving over 1,000 eligible EDF Small Business customers. The partnership combines EDF's expertise and customer relationships with Heliotec's AI-powered energy intelligence platform to make energy management more practical and accessible. Small businesses are under growing pressure from rising energy costs and a more complex energy landscape, increasing the need for simple, practical ways to improve efficiency and reduce unnecessary costs. Heliotec's AI-powered platform analyses site-level energy data to identify inefficiencies and deliver real-time, site-specific recommendations in clear, practical language. The platform translates complex energy data into straightforward actions, providing clear guidance that businesses can act on immediately. This approach reduces the time and effort required to improve energy performance, without the need for additional hardware installation or complex implementation, allowing businesses to focus on running and growing their operations. The four-month trial will provide over 1,000 eligible EDF Small Business customers across hospitality, retail and light industry with free access to the platform. Customers who choose to participate will securely share existing energy data with Heliotec, enabling the platform to begin analysing energy consumption and delivering tailored recommendations within days. As part of the trial, a select group of early adopter businesses will also receive free hardware sensors, giving them equipment-level disaggregated data for even more granular insight into where energy is being used across their sites. Claire Nutt, Director of Small Business at EDF said: "Small businesses are looking for practical ways to manage rising energy costs without adding complexity to their day-to-day operations. This partnership with Heliotec gives eligible customers access to clear, actionable guidance that can help them improve energy performance while keeping implementation simple." Thomas Eskebæk, CEO and founder of Heliotec added: "Small businesses don't need more data. They need to know what action to take. That's the problem Heliotec was created to solve. By partnering with EDF, we can make that support available to many more small businesses, helping them take greater control of their energy use." Insights from the trial will help inform future collaboration between EDF and Heliotec, supporting efforts to make practical energy management more accessible for small businesses across the UK. About EDF. EDF is driving the transition towards An Electric Britain - a secure, affordable, low-carbon future for everyone. As Britain's biggest generator of zero carbon electricity, EDF Energy Limited is investing more than £100 million weekly in Britain's electricity infrastructure. EDF Energy Limited supply millions of customers with electricity and help homes and businesses switch to electricity for heating, transport and industrial processes. EDF Energy Limited operate five nuclear power stations and more than 35 onshore wind farms and three offshore wind farms. Since 2009, EDF has invested almost £9 billion in the nuclear fleet to improve reliability and extend station lifetimes. The five generating stations currently supply about 12% of the UK's electricity demand. EDF is building the UK's nuclear renaissance with the construction of a new nuclear power station at Hinkley Point C. EDF Energy Limited is a minority investor (12.5%) in and major supplier to a replica plant at Sizewell C in Suffolk. Hinkley Point C and Sizewell C will provide low carbon electricity to meet 14% of UK demand and power around 12 million homes. EDF Group companies Framatome and Arabelle Solutions have a presence in the UK and manufacture critical equipment such as reactor pressure vessels and turbines. EDF is enabling its 5 million customers, both in business and at home, to choose electric solutions that save cash and carbon, whether it is buying an electric car, generating and storing electricity, selling energy back to the grid or installing solar panels or a heat pump. In 2025, EDF's Customers business was ranked as one of the Sunday Times's Best Place to Work. It is also one of the UK's leading developers of renewable energy through EDF power solutions UK and Ireland. EDF Energy Limited has more than 2GW of renewable generation in operation and over 10GW in construction, planning and development across a range of technologies including onshore and offshore wind, solar and battery storage. EDF Energy Limited is one of the largest suppliers to British business and a leading supplier of innovative energy solutions that are helping businesses become more energy independent. In addition, the company's energy services business, Dalkia, is one of the UK and Ireland's largest technical service providers.