Pulse Clean Energy has secured a £52.5 million loan for two synchronous condenser units from German commercial bank Nord L/B.
Located in Upper Boat, Pontypridd, South Wales, the synchronous condensers form part of the UK National Energy System Operator’s Pathfinder 3 programme, supplying inertia once provided by thermal plants. The first of the two condensers is expected to be operational by Q4 2026.
Pulse Clean Energy is a developer of battery storage and grid stability infrastructure in the UK, with a planned operational capacity of over 2 GWh by 2030.
Watson Farley & Williams advised the lender on the deal. Projects Partner Jennifer Charles said “We are delighted to have supported Nord L/B and Pulse Clean Energy on the financing of these two synchronous condensers. This transaction supports the delivery of essential critical infrastructure for grid stability in Great Britain and will help facilitate the integration of renewable energy and battery storage into our electricity system.”