August 28, 2019

Clyde & Co represents Habitat Energy in innovative green energy deal

Global law firm Clyde & Co recently represented client Habitat Energy as it participated in a consortium to develop the Energy SuperHub Oxford (ESO) project. The consortium includes Pivot Power LLP, Kensa, Oxford City Council, RedT Energy and the University of Oxford and is backed by £10m in UK government funding.

The ESO will include the installation of the world's first transmission-connected lithium ion and redox-flow hybrid batteries. Cloud-hosted and AI-powered software developed by Habitat Energy will algorithmically forecast energy demand, optimise supply and manage battery degradation.

In addition to the battery installation, the project will include electric vehicle charging points that will electrify buses, taxis and bin lorries. The project further includes ground source heat pumps that will provide low-cost carbon heating to local homes.

Clyde & Co's team, led by Partner Peter Stewart, reviewed the primary collaboration agreement and advised Habitat Energy on the intellectual property and commercial elements of the transaction.

Peter Stewart says: "We were delighted to act on this deal, which we hope will be a real game changer for the development of large-scale battery storage technology. The Energy SuperHub Oxford is an exciting project that may see Oxford become a model for cities around the world to cut carbon and improve air quality."

Clyde & Co's corporate team offers practical business advice to both early stage and mature companies, enabling them to grow with confidence and make the right strategic decisions. The team is renowned for advising clients across sectors including energy, infrastructure and technology.