UK's Drax inks 10-year tolling agreement for 250MW battery storage in England
30/01/2026 07:17
Jan 30 (Reuters) - British power firm Drax Group DRX.L said on Friday it has signed a 10-year tolling agreement for a 250‑megawatt battery energy storage system with Fidra Energy, as the company accelerates its broader battery storage business. A tolling agreement lets one company operate another party’s energy asset for a fee, without owning or building it. (Reporting by Ankita Bora in Bengaluru; Editing by Mrigank Dhaniwala) ((Ankita.Bora@thomsonreuters.com;))