Plutus PowerGen Plc announced that it has signed a cooperation agreement with London & Devonshire Trust Ltd. to identify and develop standalone battery energy storage projects in the UK. This agreement is in line with the company's strategy to widen its exposure within the UK energy sector, utilising integral, new technologies that provide security of supply. This security of supply is an important element of UK energy infrastructure given the rise of intermittent renewable energy which puts considerable stress on the grid at peak times, increasing the risk of blackouts and brownouts. PPG and LDT entered into the Agreement to leverage their complementary skills and capabilities in the development, financing, construction and operation of energy storage plants within the UK. Under the terms of the agreement, LDT and PPG will incorporate a special purpose vehicle (the 'Project Company') for the development of an initial 85 MW energy storage project (the 'Project'). LDT will provide to the Project company a suitable site and associated grid connection for the Project and PPG will provide the necessary skills for the project company to manage the ongoing Project development.