CIP sells 50% stake in Scottish battery storage system to AXA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2025
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Source: Reuters
CIP Divests Stake: Copenhagen Infrastructure Partners has agreed to sell a 50% stake in the Coalburn 1 battery energy storage project in southern Scotland to AXA's alternative investment arm, while retaining management of the project until its expected commissioning in early 2026.
Importance of Energy Storage: The Coalburn 1 project, which will be Europe's largest lithium-ion battery system at 500 MW, highlights the growing need for energy storage as renewable sources like wind and solar account for about one-third of Europe's energy mix.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
