On Thursday 31 May Sembcorp announced that it had reached an agreement to acquire UK Power Reserve (UKPR), the UK’s largest flexible distributed generator, for £216mn. Sembcorp said the move was part of its strategy to build an integrated energy business in the UK. UKPR owns and operates 32 flexible distributed energy generation projects across England and Wales with 533MW in operation and 480MW under construction or in development. These include small-scale, fast-ramping power generation units and rapid response battery storage connected at the distribution level. Sembcorp UK currently has 210MW of generation capacity at Wilton International industrial site in Teesside, comprising Combined Heat and Power, steam power and renewable generation to service energy-intensive industrial and commercial customers.