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Downing LLP partners with Pivot Power to launch battery storage system for Arsenal Football Club

26 November 2018

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Downing LLP partners with Pivot Power Arsenal FC and Emirates Stadium

Downing LLP partners with Pivot Power to launch battery storage system for Arsenal Football Club

 

Arsenal is installing a battery storage system (BSS) that will hold enough energy to run Emirates Stadium from kick-off to full time, thanks to a unique collaboration with Pivot Power – with funding from Downing LLP.

 

The 3MW/3.7MWh BSS, one of the largest at any sports ground in the world at present and the first at a UK football club, will bring Arsenal immediate benefits, cutting electricity bills, and earning money by supporting a low-carbon grid.

 

It will go live this November, having been installed by Pivot Power in the basement of the stadium, with further storage capacity to be added in summer 2019. Pivot Power will operate the BSS for 15 years.

 

The 3MW BSS has been designed to meet Arsenal’s peak consumption and will store enough energy to run the 60,000-seater Emirates Stadium for an entire match. It could power up to 2,700 homes for two hours - more than enough time to watch the match at home.

 

Minister for Energy and Clean Growth Claire Perry, commented following the battery’s unveiling said: “The UK is certainly not being left-back on the bench, with Arsenal truly moving the goal posts when it comes to energy efficiency at Emirates Stadium. This project scores the hat-trick of tackling peak prices and storing clean energy, with the goal of selling back energy to the grid at peak times. A more flexible energy grid could save the UK billions and this kind of cutting-edge technology shows companies the potential of being part of the beautiful game of smarter energy systems.”

 

The battery will provide a range of services that will support the UK’s transition to a low-carbon economy, providing flexible capacity that will help the electricity network accommodate more renewable generation and support the growth of clean technologies like electric vehicles and heat pumps. This marks a further step in Arsenal’s sustainability programme, having already become the first Premier League club to switch to 100% green electricity, supplied by a network of solar farms and anaerobic digestion plants.

 

Mehal Shah, Investment Manager at Downing LLP, said: “We’ve been building a successful relationship with Pivot Power for some time now and this latest landmark deal will make big companies and investors take notice. Battery storage is attracting growing interest from smart businesses that see the opportunity to benefit from supporting the low-carbon transition.”

 

 

Pivot Power CEO Matt Allen added: “Arsenal is showing how football clubs and other big power users can save money and support the UK’s climate change and clean air targets. Batteries are central to creating a cost-effective, low-carbon economy and we are keen to help government, local authorities and businesses seize the opportunities they offer.”

 

 

Downing LLP is also providing key investment in a nationwide network of 50MW grid-scale batteries and rapid electric vehicle charging SuperHubs, developed by Pivot Power. It has received planning permission to install batteries on the first two of 45 planned sites connected to National Grid’s extra-high voltage transmission system, at Southampton and Carlisle.

 

Downing LLP’s advisers in this deal: legal, Burges Salmon; commercial, Baringa Partners; technical, RINA Consulting.

 

ENDS

 

For press enquiries, please contact:

 

Pamela Morris, PR Director, the lang cat

01312026037

07712515503

 

 

Jean Birrell, Downing LLP

07799555353

 

About Downing LLP

Downing LLP is an FCA authorised and regulated investment manager with over 30 years of experience and has raised funds from 35,000 investors. It is proud to have raised over £1.7 billion into businesses across a range of sectors, from energy, care homes, health clubs, pubs, and children's nurseries to app-technology, e-commerce and a satellite earth station. It currently has over £1 billion of funds under management.

 

About Pivot Power ()

Pivot Power is a privately-owned UK company, set up to develop, own and operate grid-scale batteries and EV charging stations connected directly to the National Grid high-voltage transmission system. Its dual mission is to support an energy system that is clean, affordable and secure by providing valuable flexibility, and to accelerate the EV revolution by creating a nationwide network of rapid charging stations offering low-cost, rapid, mass charging.

 

About Arsenal Football Club

Arsenal is one of the leading clubs in world football with a strong heritage of success, progressive thinking and financial stability.

The club was founded in 1886 in Woolwich, south London, before moving to Highbury in north London in 1913. Arsenal moved to Emirates Stadium in 2006.

Arsenal has an impressive roll of honour: English League Champions 13 times, FA Cup winners a record 13 times, League Cup winners twice and UEFA Cup Winners’ Cup (1994) and European Fairs Cup (1970) winners once.

In addition, Arsenal Women are the most successful English club in women’s football. They celebrated their 30th season last year.

The Arsenal Foundation uses the power of football and the Arsenal name to inspire and support young people in north London and across the globe. The Arsenal Foundation raises funds each year and works with a number of key partners including Save The Children, Islington Giving, Willow and the Gunners’ Fund. Locally, Arsenal in the Community has delivered programmes to drive positive social outcomes for more than 30 years.

For further information please visit 

 

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