Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTShree MishraMon, June 8, 2026 at 3:55 PM GMT+2 2 min readCopenhagen Infrastructure Partners (CIP), on behalf of Copenhagen Infrastructure IV, has agreed to sell minority stakes in the 500MW Devilla battery storage project to the Scottish National Investment Bank and the Nuclear Liabilities Fund.The facility, currently under construction in Kincardine, Scotland, is expected to be commissioned in 2028.It is set to become one of the largest battery storage installations in Europe.The Devilla project uses lithium-ion (Li-ion) technology and provides two hours of energy storage.It is underpinned by a suite of contracts including a ten-year optimisation agreement with SSE and a 15-year capacity market contract.Together, these arrangements are designed to support stable revenues while allowing the project to benefit from market fluctuations.Nuclear Liabilities Fund CEO Melissa Hope said: “NLF is pleased to partner with CIP and the Bank on this battery storage project.“This investment aligns with our strategic investment objectives while supporting UK energy security and economic growth.”CIP will retain its majority stake and continue to oversee the project through the construction phase.Devilla is one of three battery storage systems in Scotland currently being developed by CIP in collaboration with Alcemi.Together, the three sites will be able to deliver a combined power capacity of 1.5GW and store a total of 3GW-hours of electricity, which, according to project estimates, could supply more than 4.5 million homes for two hours.CIP is also working on an additional 4.5GW of pipeline battery storage projects throughout Scotland and England.CIP partner Nischal Agarwal said: “As CIP’s development and construction portfolio of UK BESS [battery energy storage systems] projects continues to progress and grow, we look forward to welcoming the Scottish National Investment Bank and Nuclear Liabilities Fund as new equity partners on our Devilla site.“Once commissioned in 2028, Devilla will be one of Europe’s biggest operational BESS projects.“The delivery of Devilla, alongside CIP’s Coalburn 1 and 2 projects, will improve the UK’s energy security and reduce costs for British consumers through enhanced system flexibility and access to more low-cost renewables.”In April this year, CIP, via its Growth Markets Fund II, announced the final notice to proceed for the 300MW/1,500MW-hour Patache project in Chile."CIP to sell minority stake in 500MW Devilla battery project" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info