Ampeak Energy Strategy - Building a sustainable future to 2035
Ampeak launched a clear strategy for success in 2024. This strategy was formulated to unlock significant value in the business and deliver returns for our shareholders. Each year, the Company continues to make great progress towards achieving its goals.
It’s a path to deliver a pipeline of projects that will achieve its goal of being a leading sustainable project developer, owner and operator, ensuring long-term value for shareholders. Ampeak’s strategy directly supports the UK Government’s policy to improve energy security and achieve Net Zero by 2050.
Ampeak has the foundations strategy and team to deliver. Following the success of the flagship AW1 project and
the achievement of all its development targets, Ampeak’s strategy has evolved to reflect that its ambition now extends beyond its two existing sites. To achieve its goals Ampeak’s strategy is focused on:
Ampeak will seek to geographically diversify its battery portfolio via the acquisition of additional attractive development projects with near term grid connection dates.
Ampeak has significant experience of project development and owning and operating assets. With AW1 already in construction and a growing pipeline of projects, Ampeak is working towards a 2GWh target.
Ampeak has secured 59MW of revenue support from the Contracts for Difference (CfD) allocation rounds and is working closely and collaboratively alongside the Scottish Government to hit this milestone.
To achieve its goals by 2035 Ampeak Energy’s strategy will be focused on:
Ampeak will utilise its experience, expertise, and relationships with project partners to deliver new projects and opportunities, while continuing to deliver at its existing sites. In delivering this target, Ampeak will become a leading Independent Power Producer (IPP) in the UK and will benefit from the long-term sustainable revenue streams these assets will provide.
Ampeak will continue to engage with the UK Government and use its broad support base to continue to make the case for tidal stream at scale. Ampeak will continue to be the world’s largest tidal stream IPP and benefit from the long term sustainable and predictable revenue streams this asset will
provide.
Ampeak will develop and design longer duration battery projects, typically of 4-hour duration but with the potential to increase beyond 4 hours. As intermittent renewable energy increases, and fossil fuel generation reduces we expect an increase in demand for longer duration storage systems. Ampeak will be well placed to rapidly serve this increased demand, through expansion of our battery storage assets.