Banks Group, a UK-based renewables and mining developer, has divested its 2.9 gigawatt-hour (GWh) Thorpe Marsh Green Energy battery storage project, to be located at the former Thorpe Marsh power station in Doncaster, UK.

Earlier in 2023, the company submitted a planning application to Doncaster Metropolitan Borough Council after consulting with local people and businesses.

It has now sold the project to West Burton Energy, an independent power producer, as part of its changing position in the renewable energy space.

The buyer will proceed with the project’s planning process, construction and operations. The project will generate enough electricity to power 340,000 UK homes for one day.

It will be used to provide stable electricity grid operations during peak demand periods, supporting the country’s long-term energy security.

The project will store excess energy from renewable sources and then transmit it into the national electrical network during times of inadequate renewable supply.

Banks Renewables managing director Richard Dunkley stated: “We are proud to have identified and proposed a project that could deliver one of the world’s largest battery storage plants, providing an invaluable use for part of the derelict former power station.

“West Burton Energy’s local knowledge, significant experience in the energy generation and storage sector and access to the capital required to take this nationally significant project forward make them the ideal owner.”

West Burton Energy chief growth and strategy officer Morris Van Looy stated: “Richard and the Banks team have done an excellent job identifying and progressing the Thorpe Marsh energy storage project, which is a real world leader in its ambition.

“West Burton Energy is delighted to take over ownership and looks forward to delivering this much-needed project to ensure the security of supply, maximise the use of renewable energy and reuse this former power station site.”