2 minute read | November.25.2025
Highview Power, a leading energy infrastructure company, has raised £130 million to commence development of a hybrid 3.2GWh liquid air and battery energy storage facility in Hunterston, Scotland.
Orrick advised private equity firm Mosaic Capital on the funding round, which also included the Scottish National Investment Bank, Centrica, Goldman Sachs and KIRKBI.
Mosaic Capital is a boutique investment bank specializing in mergers & acquisitions, private equity and mezzanine financing transaction advisory services.
Highview Power designs, builds and operates grid-scale assets that enable dependable, dispatchable clean power.
Orrick previously advised Mosaic Capital on its investment in Highview’s £300 million funding round for the development of the UK’s first large-scale liquid air energy storage facility, which was awarded “Energy Transition Deal of the Year” at the IJGlobal Awards 2024.
The investment will support Highview’s construction of the first in a series of hybrid long-duration energy storage (LDES) facilities. Each facility will offer a generation and storage capacity of 300MW/3.2GWh.
The Hunterston facility will make it easier to transport renewable energy from Scottish offshore wind farms to demand centers in England. The facility will combine liquid air storage with lithium-ion batteries, enabling the facility to deliver more power to the grid for longer periods, offering flexible support and maximizing its value for the system operator. During construction, the project is expected to support 1,000 onsite jobs and create an additional 650 jobs within the supply chain.
With this investment, Highview has now secured over £500 million to commercialise and deploy its long-duration storage solutions.
The transaction was covered in The Times.
The Orrick team was led by Shawn Atkinson with support from Rachel Leigh, Jonathan Rosen, Mae Morter and Harry Wilson.