UK utility EDF has been chosen by UK power storage tasks operator Eelpower to optimise some three grid-scale battery power storage tasks.
EDF will present its buying and selling platform, Powershift, to handle the battery techniques.
EDF shall be chargeable for the buying and selling and optimisation of the battery tasks with a complete capability of 80MW.
The utility will work with Eelpower’s know-how accomplice Upside Energy, to open income streams for these belongings, together with ancillary companies, balancing mechanism and wholesale optimisation.
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The settlement can even present bankable reassurance by the supply of a flooring value, making certain minimal earnings ranges are assured, which has been a key aspect for the buyers.
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The seven-year contract reinforces EDF’s dedication to serving to Britain obtain its net-zero aim.
The tasks are owned by Swiss fund supervisor SUSI Partners’ Energy Storage Fund and Eelpower itself.
Stuart Fenner, head of power buying and selling companies at EDF, mentioned: “We are actually happy that Eelpower has chosen to accomplice with EDF on the buying and selling and optimisation for a variety of its battery storage tasks. Partnerships with early innovators reminiscent of Eelpower, are testomony to our extremely expert groups and the work that has been put into constructing our monitor file for top notch buying and selling and optimisation companies.
“As a number one battery optimisation companies supplier, we stay up for supporting Eelpower in delivering most worth while managing funding dangers. The mixture of our buying and selling experience and skill to offer a pretty value flooring brings a singular providing to the battery storage market.”
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Mark Simon, Eelpower CEO, mentioned: “EDF has a terrific monitor file for producing income by wholesale buying and selling and optimisation. The EDF workforce has been a real innovator within the supply of market-leading optimisation companies and we now have undertaken an in depth contestable procurement earlier than deciding on them.”
The publish EDF to optimise utility-scale battery tasks for Eelpower appeared first on Power Engineering International.