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Noriker Power Ltd undertakes a strategic restructuring

Noriker Power Ltd, a leader in Battery Energy Storage Systems (BESS) development and operation, announces a strategic restructuring to focus on delivery and operational services for BESS projects. As part of the restructure, a management buyout of Equinor New Energy Ltd’s minority stake will create a group independent of any single corporate sponsor.

“This transaction is an important step in focusing our resources and effort on the growth opportunities in renewable energy technology, our portfolio of business services, and innovations in this rapidly evolving sector” , said Dr Marc Thomas, Managing Director of Noriker.

Under an asset split agreement, Equinor takes full ownership of a Noriker-developed pipeline totalling 1.8 GW of large-scale projects in the UK battery storage market, while Noriker will continue to develop an internal 2.2 GW pipeline of large-scale UK and Irish BESS projects. Equinor acquired 45% ownership in Noriker Power in December 2021. The asset split agreement was closed on 9th April 2025.

9th April 2025

MORE NEWS

Noriker Power's new office location in The Quadrangle, central Cheltenham, marking a significant step in our expansion

Noriker Power Announces Office Relocation to Cheltenham

We are thrilled to announce that, as of August 18, 2023, Noriker Power has relocated to the best offices in central Cheltenham, The Quadrangle. This move is a significant step forward for our company, taking on a whole floor to accommodate our rapidly growing team.

calendar_month August 18, 2023

KoniK Power's prototype mobile battery system at the Diamond Jubilee celebrations in London

KoniK provides Jubilee power!

Noriker's mobile division, KoniK Power, is helping to power this month's Diamond Jubilee celebrations, beside The Mall in London. Our prototype mobile battery system, which fits within a 3x3m mini container, has been under test for several months...

calendar_month 01 June 2022

Strategic partnership announcement between Noriker Power and Equinor for advancing battery storage systems

NORIKER ANNOUNCES MAJOR STRATEGIC PARTNERSHIP

Noriker Power, a leading UK developer of advanced battery storage systems, is proud to announce a new strategic cooperation agreement with Equinor, a major global player in the energy transition. The agreement will ...

calendar_month 06 December 2021

Noriker Power leading Dynamic Containment service, showcasing our control of a significant portion of national capacity

LEADERS IN DYNAMIC CONTAINMENT

Noriker Power has led the introduction of Dynamic Containment (DC), controlling nearly two thirds of the nation's delivered capacity in this ground-breaking service. Following weeks of intensive tuning and testing, three 50MW...

calendar_month 20 October 2020

Noriker Power's construction of the 49MW battery storage site at Red Scar, Preston, signifying growth and innovation

POWERING INTO A NEW DECADE

Noriker Power ended the decade by building our largest project to date, a 49MW pure battery storage site at Red Scar in Preston. Since the start of construction in August 2019 the Noriker team have been working full pace to deliver both ...

calendar_month 21 January 2020

Growth phase at Noriker Power with 75MW of operational assets commissioned, indicating rapid expansion

PORTFOLIO ACCELERATION UNDERWAY

With 75MW of operational assets now commissioned, Noriker Power is embarking on a much larger phase of growth, following new investment from our partners at Gresham House New Energy...

calendar_month 27 August 2019

Launch of the Gresham House Energy Storage Fund plc, fueling Noriker Power's development projects

NEW FUND TO POWER NORIKER'S GROWTH

Noriker Power is pleased to announce the launch of the Gresham House Energy Storage Fund plc (LSE: GRID), following a successful funding round by our partners at Gresham House New Energy...

calendar_month 12 November 2018

Noriker Power receiving an award at the Electrical Review Excellence Awards 2018 for outstanding project execution

NORIKER AWARDED

We are thrilled to have won an award at the Electrical Review Excellence Awards 2018, held at The Dorchester, London. The Awards recognise projects that embrace the latest in...

calendar_month 24 May 2018

Completion of Noriker Power's Roundponds site, a milestone in hybrid storage facility development

NORIKER'S PORTFOLIO REACHES 70MWE

Noriker Power is pleased to announce the successful completion of its Roundponds site, a 10MW import/ 20MW export hybrid storage facility in Melksham, UK...

calendar_month 5 May 2018

Major update to Noricore® system control software by Noriker Systems, enhancing energy management capabilities

NORICORE® MILESTONE RELEASE

Noriker Systems has introduced a major update to its system control software. The new Noricore® version enhances inter-controller communication to support wide area...

calendar_month 3 April 2018

Commissioning of the 8MW battery Littlebrook site by Noriker Power, marking the completion of Project Alpha

PROJECT ALPHA COMPLETED

With the successful commissioning by Noriker Power of its 8MW battery Littlebrook site in Dartford, at the beginning of December, the Noriker Alpha project...

calendar_month 15 December 2017

Noriker Power's successful commissioning of dynamic Firm Frequency Response (FFR) sites for the National Grid

PROJECT ALPHA ENERGISED

Noriker Power is pleased to announce it has successfully commissioned the second and third of its sites providing dynamic Firm Frequency Response (FFR) to National Grid....

calendar_month 15 September 2017

Launch of Project Staunch by Noriker Power, the UK's first commercial large scale battery project for frequency control

PROJECT STAUNCH IS LIVE

Noriker Power commissioned the UK's first fully commercial large scale battery project dedicated to frequency control at the end of March 2017...

calendar_month 10 May 2017