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At Thrive, we recognise the important role battery storage has to play and are busy building our second project &#8211; a 20 MW site &#8211; in Bristol.
Read more about the background to the project (it involves a campaign to stop 48 diesel generators being built near a local nursery school!) and what it means for net zero in <a href="https://www.positive.news/society/a-key-piece-of-the-puzzle-for-a-more-energy-secure-uk-storage-and-more-of-it/" target="_blank" rel="noopener">our article with Positive News.</a>

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Thrive’s Managing Director, Matthew, and Investment Manager, Tom, sat down with Positive News to talk about our battery projects and why they are so critical to the energy system of the future.

A key piece of the puzzle for a more energy-secure UK? More storage!

We’re blown away by the reaction to our latest bond offer! Together we raised £5 million – hitting our target and welcoming over 800 new investors to our community.  The money raised will help us develop and build two new onshore wind farms in Scotland and Wales, and fund more community energy projects. <span class="EOP Selected SCXW29796238 BCX8" data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}">

Thrive has raised over £68 million to date via crowdfunding – empowering thousands of people to take a stake in clean energy projects that tackle climate change and benefit communities.  
Funds raised in the latest offer will help fund the construction of our biggest project yet – a 57MW onshore wind farm in Scotland which will be capable of generating enough clean electricity for around 45,000 average UK homes a year. The money is also helping fund the development of our 12.6MW wind farm in South Wales which will be capable of producing up to 40GWh of clean electricity a year once operational.  
We are continuing to champion community energy to enable more people to benefit from renewables in their area. Last year we announced a new joint venture, Community Energy Catalyst (CEC), with social impact investor Better Society Capital which will invest up to £40 million in new community projects. Thrive will also offer community groups the opportunity to buy a share of any new projects it acquires.

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Chris Watt Photography_87

Reducing our reliance on fossil fuels, for good 

£5 million raised in people-powered crowdfund for new clean energy projects

The problem today  
Even though a lot of the UK’s electricity is now generated cheaply from renewables (<a href="https://assets.publishing.service.gov.uk/media/69cd1451b5210036050bc625/Energy_Trends_March_2026.pdf" target="_blank" rel="noopener">over half of total demand last year</a>), the price we all pay for our electricity is still largely set by gas. This is because our electricity system works on a marginal pricing system (48 auctions per day) which means the last power station needed to meet demand (often a gas power station) sets the price for all electricity. So when global gas prices rise, electricity bills jump too – even if most of our power didn’t come from gas. The link between gas and power prices is  weakening but we need more progress in order for billpayers to benefit. [1] 
Breaking the influence of gas 
The government’s latest announcements aren’t going to fix anything overnight, and they aren’t proposing to reform how the electricity market itself works. But what the measures should do is help reduce the influence of gas on the cost of our electricity, primarily by increasing fixed price contracts for electricity.  
At the moment, around one third of UK electricity comes from renewable projects with an older type of contract under the “Renewables Obligation” scheme (RO). Electricity from RO projects is sold on the wholesale market, at prices frequently set by gas power.  
The government plans to move some of these projects on a voluntary basis onto fixed-price contracts known as Wholesale Contracts for Difference (WCFDs). This would lock in stable prices for these projects that don’t rise when gas prices spike, providing certainty for investors and bill payers alike.  
Government also plans to increase the Electricity Generators Levy (windfall tax) from 45% to 55%, using some of the additional revenue to support businesses and households.  
Next steps 
Thrive has been calling for the decoupling of gas from electricity prices for 10 years and so we’re really pleased to see the government now taking steps to make this happen. Breaking the link will help create a fairer system for billpayers by better protecting them from price shocks caused by gas. It also paves the way to accelerate the rollout of renewables, potentially strengthening the investment case for clean energy projects. Clean power sources like wind and solar are the cheapest ways to generate electricity. So the less gas dominates the price, the clearer the advantage of cheaper renewables. 
As part of the latest announcements, the government also confirmed plans to take forward proposals to deliver the pace and scale of network buildout required to support the Clean Power 2030 target. Plus plans to unlock up to 10GW of clean energy capacity by expanding the deployment of renewables across the Public Estate, including hosting wind and solar farms on brownfield land, industrial sites and railway sites.  
Renewables are already playing an important role in helping to protect consumers from fossil fuel price shocks. In March, record wind and solar saved the UK from gas imports <a href="https://www.carbonbrief.org/analysis-record-wind-and-solar-saved-uk-from-gas-imports-worth-1bn-in-march-2026/?utm_source=cbnewsletter&amp;utm_medium=email&amp;utm_term=2026-04-02&amp;utm_campaign=DeBriefed+Countries+revive+energy-crisis+measures+Record+UK+renewables+Plug-in+solar+savings&amp;mc_cid=4d5c1ca8df&amp;mc_eid=UNIQID" target="_blank" rel="noopener">worth £1 billion</a>. While we await further details, we hope the government’s latest measures will help billpayers to benefit further from the transition towards renewables.  
 As ever, our focus remains on working with the wider sector to build new clean energy projects that will support the UK’s long-term energy security and benefit communities. 
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[1] <a href="https://www.carbonbrief.org/qa-why-does-gas-set-the-price-of-electricity-and-is-there-an-alternative/" target="_blank" rel="noopener">Q&amp;A: Why does gas set the price of electricity – and is there an alternative? &#8211; Carbon Brief</a>

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We unpack what the latest announcements mean for energy bills and the future of renewables.

Breaking the gas-electricity price link – what do new government measures really mean for billpayers?

Historically we’ve been caught up in a cycle of investing in more fossil fuels as a knee jerk reaction to problems caused by  disruption to fossil fuel supplies. This creates an unhelpful loop of dependence in which UK billpayers are left exposed to price hikes determined by unpredictable international oil and gas markets. And despite calls from some politicians to drill more at home, doubling down on UK oil and gas production won’t save billpayers a penny as gas prices are set on global gas markets regardless of where the gas is produced.
To build a truly resilient power system, protected from price shocks, we need to break the cycle of reinvesting in fossil fuels, and focus on increasing homegrown clean energy here in the UK. Unlike fossil fuels, wholesale prices for wind and solar aren’t tied to international commodity markets, offering a stable cost for electricity. The Climate Change Committee has found that the UK Government can deliver its long-term net-zero target <a href="https://www.edie.net/ccc-uks-net-zero-transition-can-cost-less-than-managing-one-energy-price-crisis/?utm_medium=email&amp;utm_campaign=edie_daily_news_alert_11-03-2026&amp;utm_content=edie_daily_news_alert_11-03-2026+CID_d5ec660957e5cecd9adbeda7da88dad7&amp;utm_source=campaign%20monitor&amp;utm_term=CCC%20UKs%20net-zero%20transition%20can%20cost%20less%20than%20managing%20one%20energy%20price%20crisis" target="_blank" rel="noopener">for less than it spent responding to the energy price crisis</a> in 2022 resulting from the Russia-Ukraine war.
But delivering “net zero” is much more than just wires and turbines. Community-led clean energy projects enable local people to take control of their power in the face of global crises. Profits from the sale of electricity from local renewables projects go into the pockets of local people, not large corporates. Take the Ambition Community Energy wind turbine in Bristol which Thrive helped fund – as well as generating enough clean electricity to power around 3,000 homes, all profits from electricity sales (around £100,000 a year) go to the community. Projects like this that are built locally have a big impact nationally – strengthening energy security and reducing UK carbon emissions.
We’ve got a long way to go to reduce our reliance on fossil fuels and boost energy security. But together we are already making progress in delivering a cleaner, more resilient energy system – last year, renewables generated nearly half of the UK’s total electricity demand.  For 30 years Thrive has been leading the charge on renewables, helping to fund over 45 wind, solar and hydro projects and investing over £21 million into community energy projects that put people in control of clean energy in their area. But we’re not stopping there. The need for reliable, homegrown energy in the UK is greater than ever. And in times like these, a proactive response isn’t doom-scrolling or wishful thinking, it’s getting on with building proven, homegrown solutions.
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