Arlington Energy raised £200 million to invest in small power assets. It can go ahead with or without the Capacity Market, as Janet Wood discovers

A revenue stream from the Capacity Market (CM) is “nice to have, but it’s not essential for our business model”, says Terence Franka, head of development and acquisitions at Arlington Energy.

The company raised £200 million earlier this year to invest in small-scale energy assets – gas engines and batteries – and it has a pipeline of 1.6GW of projects rated between 5 and 40MW in England and Wales.