Anesco has announced its first battery optimisation deal with Gresham House, for two assets with a combined capacity of 15MW.
The Anesco Revenue Optimisation team will optimise the assets in markets including FFR and the dynamic services, as well as taking advantage for wholesale trading opportunities that present over the winter months.
This is particularly key given the record high power prices currently being seen in Britain, for example at the beginning of December, the highest CCGT offer in the Balancing Mechanism ever accepted was recorded at £6,000/MWh amid particularly tight capacity constraints.
“We’re delighted to be optimising our first batteries for Gresham House – one of the biggest players in the power storage market. Our focus with these assets will be on helping achieve the highest potential lifetime yield by supporting National Grid to balance supply and demand,” said Alan Smallwood, director, Anesco Revenue Optimisation.
“The UK government’s commitment to reaching net zero carbon emissions by 2050 continues to be a huge driver for the growth of the battery storage sector. As more and more renewable generators come online, the amount of battery capacity required to help balance the grid will also need to increase.”
The optimisation partnership builds on Anesco and Gresham House’s well established relationship in the solar space, with the two companies announced a £100 million three year ground-mounted solar development, construction and maintenance partnership in January 2021.
So far four projects have been transacted as part of this 200MW partnership, including the 20MW Beavor Grange solar farm in Devon.
Anesco has constructed more than 100 solar farms to date, while its operations and management service currently monitors over 24,000 sites.
Gresham House meanwhile is one of the biggest players in the battery space through its Energy Storage Fund, which saw its earnings rise 170% in 2021 as energy trading gained “significant momentum”.
Under its Gresham House Asset Management arm, it currently manages approximately 1450MW of operational and construction solar, wind and battery energy storage projects combined.
“We’re pleased to announce our partnership with Anesco, recognised as one of the largest suppliers of ground-mounted solar and storage in the UK and look forward to developing our relationship,” said Ben Guest, managing director, Gresham House.
Gresham House has optimisation partnerships with a number of different companies for its battery storage assets in the UK, including signing one with Statkraft for 75MW of assets in October and with Origami for 50MW of assets in April.