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You know what, I live just up the road from there and often wonder what it is. Was staring at it yesterday as I walked around the basin – had no idea it was due a tag! Thanks @oat44 and @tommmmmmm!
OK. Old: Accumulator Tower, Basin Approach, Limehouse.
I discovered what an accumulator tower was the day the Brexit vote was announced, when we saw one when I was in Liverpool with my parents. It started a brief conversation about words that children can't pronounce, because apparently my sister used to call them cucumber towers when she was little. This started a conversation about why on earth a little child is moved to talk about accumulator towers. None of this helped when I was Google Earthing, I assumed it was a water stop because it's next to the train line.
Here is some information about this particular one: