Low Carbon, an independent power producer, has inked optimisation agreements with Habitat Energy, Flexitricity, and EDF for four battery energy storage systems (BESS) totaling 95MW.
Low Carbon acknowledged that under the terms of the deal, the three companies would dynamically optimise the batteries across various markets using a revenue share mechanism. This applies to Low Carbon’s Meadow (10MW), Sandon Brook (35MW), Fern Brook (20MW), and Birch (30MW) BESS locations.
With the first syonline in early 2025, the four sites will capture intermiwable energy generation and use the BESS to provide grid flexibility.
Low Carbon has also contracted KrakenFlex, an energy flexibility management platform, to serve as a market dispatch and controls partner across all four locations. The cooperation will “enable Low Carbon to efficiently manage a multi-optimiser portfolio and carry out independent revenue and dispatch checks,” according to the company.
Marco Verspuij, head of power management at Low Carbon, said: “Low Carbon are one of the early movers to contract multiple optimisers for one BESS portfolio in a market that is developing at pace. Moreover, this type of agreement highlights how innovative finance options for storage can play a crucial role in helping the UK meet net zero.
“We are in a dynamic earnings environment right now and we have designed our systems to be future proof through our partnership with KrakenFlex, which will ensure our optimiser agreements remain agile.”
Low Carbon secured financial close last week on a 385MW portfolio of solar and co-located battery storage projects in the United Kingdom. Equans’ subsidiary Bouygues Energies and Services, along with Elma, will provide the portfolio, which is scheduled to begin building in early 2024. Trina Storage will provide the BESS for the portfolio.
Source: https://www.lowcarbon.com/
