Newcastle upon Tyne - based storage systems company Connected Energy has secured £ 5 million ( $ 6.3 m ) from Engie , News Corp and Macquarie . A total of 11 systems have been deployed across the UK, Belgium, Germany and the Netherlands to date, and the Newcastle upon Tyne-headquartered company now intends to use the stimulus package to pursue a pipeline of projects which vary in size from 50kW to 20MW. The firm , which repurposes second - life EV batteries for storage solutions , will provide the investment for a pipeline of projects ranging from 50 MW to 20 MW , and to scale up the business .
Newcastle upon Tyne - based storage systems company Connected Energy has secured £ 5 million ( $ 6.3 m ) from Engie , News Corp and Macquarie . The firm , which repurposes second - life EV batteries for storage solutions , will provide the investment for a pipeline of projects ranging from 50 MW to 20 MW , and to scale up the business .