Siemens has launched an energy storage partnership with UK firm Grid Battery Storage Ltd (GBSL).

According to Siemens, the £11m ($14m) portfolio will result in four separate grid-scale storage installations coupled with a new ‘energy storage as a service’ offering, which aims to help high energy use industrial customers benefit from on-site electricity storage without capital investment.  

In total, 22 MW are planned to come online between summer 2018 and early 2019. Agreements are currently being formalized for the first project in England, Siemens said.

GBSL will develop the projects using Siemens’ SieStorage lithium-ion battery storage solutions. The projects will be financed by Siemens Financial Services.

Siemens said the service offering will save industrial high energy users tens of thousands of pounds per year on the cost of electricity while helping to improve power quality and reduce production losses as a result of service interruptions.

Chris Beadsworth, director of Siemens Energy Management Division, said: “The combination of Siemens’ innovative technologies together with GBSL’s vision will provide a compelling case to companies seeking guaranteed energy storage capability – with no capital cost.”

Andrew Blumfield, GBSL’s co-founder, added that the projects “will support National Grid and ensure energy storage projects can continue to provide cost effective solutions to modern challenges.”