alt Hacker NewsFound some older article on financing/timeline since there's not much info here:
https://www.ess-news.com/2024/11/05/financial-close-for-uk-p...
The battery storage was ~$200M. Pure prismatic lifepo cells are currently ~$60 per kWh in single digit quantities (would be $40M or 20% of total costs, which seems reasonable). The attached 450MW gas power plant cost ~$350M.
I find it rather remarkable how they aquired the contracts in early 2023 and the thing is already running.
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It's promising how costs are dropping. CATL have recently announced sodium ion batteries with a cost around $40 per kWh and material costs around $10 so there's room for things to drop as production scales. https://www.nextbigfuture.com/2025/08/catl-sodium-ion-batter...
CATL and BYD are both building 30 GWh per year plants or 60 GWh between them so that's enough for 100 Tilbury plants per year just from sodium batteries. And of course lithium batteries are still cranking along.
Check out https://en.m.wikipedia.org/wiki/Hornsdale_Power_Reserve
63days from start to completion. Paid itself off in 2 years. Saved consumers well over $100million/yr across the state in power bill reductions (only 1.8million people in that state and this is after the battery owners took their profit).
There's really nothing but positives from grid scale batteries. They cut out all those <0 and >100x price fluctuations on the grid and the payoff for investors is ridiculous right now.
Australia's expected to 20x it's grid connected battery capacity between 2024 and 2027. The growth in battery storage is ridiculous since the costs have come down. https://elements.visualcapitalist.com/top-20-countries-by-ba...