Matrix Secures $332m in Funding for 500MW Battery Storage Project in Scotland

Matrix Renewables has secured £245m ($331.7m) in non-recourse financing for a 500MW battery energy storage system (BESS) in Scotland. The project, which is expected to support 270,000 households annually and reduce CO₂ emissions by 170,000t per year, is set to begin operations in Q3 2027. The funding was arranged by CIBC, MUFG Bank, and NatWest.

By Shree Mishra Tue, April 28, 2026 at 4:22 PM GMT+3 2 min read · Yahoo Finance · April 28, 2026, 13:22 UTC

Tickers: $AOS $EDF $MUFG $RY

Topics: Energy Storage Funding Infrastructure Renewable Energy UK Expansion

Read the full article at Yahoo Finance

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