UAE’s Ryse Energy to provide the UK with renewable energy storage solutions: UAE-based Ryse Energy and YEO signed a joint venture agreement to provide renewable energy battery storage solutions in the UK for wind, solar and micro-hydro projects, according to a statement published Friday. The companies did not disclose the financial details of the agreement.

The JV will operate at utility scale: The new UK-based company will “[provide] medium and large-scale renewable energy projects [and] will provide wind, solar, micro-hydro, and battery storage solutions to private, commercial, industrial, and public sector customers,” the statement adds.

The news comes as the UK braces for an energy crisis that has the national grid warning that some homes could suffer multiple-hour power cuts this winter in a “worst case scenario” for how things could evolve this winter. The UK, like much of Europe, is facing a natural gas shortage in the wake of turmoil in the energy market caused by Russia’s invasion of Ukraine. The UK imports power from Europe and relies on natural gas to generate more than 40% of its electricity.