EDF has signed another deal to optimise a battery storage site in the UK thanks to a new agreement with Gresham House Energy Storage Fund.
The 50MW battery site at Wickham Market is capable of storing 75MWh of energy, and was purchased by Gresham House in November.
EDF, alongside its controls partner Upside Energy, will direct the battery’s energy flow into markets such as Dynamic Containment. This will allow it to generate revenue for the fund in and outside of National Grid relationships, it said.
Already it has supported Gresham House through the initial energisation period for Wickham Market, and now it is operational EDF will use its Powershift platform to optimise the asset to deliver optimal value and minimise battery degradation.
The pair have worked together previously on Gresham House’s Littlebrook and Rufford sites, giving EDF a proven track record of trading the fund’s assets.
Ben Guest, managing director of Gresham House New Energy, said they were committed to giving their “strongest-performing partners” the opportunity to grow their relationship as their operating asset base grows.
“We look forward to working together with the team at Wickham Market,” he added.
Recently, EDF has signed a number of agreements with battery storage owners, including to optimise SWGT‘s 30MW utility-scale battery earlier in December. The company is also working to build up its own battery portfolio, investing in cleantech startup PowerUp to support its 10GW of storage by 2035 ambition.
Stuart Fenner, head of energy trading services at EDF, added that the UK’s transition to low-carbon technologies “will increasingly draw on the flexibility of assets such as these,” as the country works towards net zero by 2050.
“We are determined to play a major role in this market and are excited to support Gresham House from the outset with this project. This deal reinforces our commitment to helping Britain achieve net zero carbon emissions and supports our position as a leader in battery optimisation services in the UK. Our highly skilled trading teams are able to develop and execute a range of trading strategies to deliver maximum value for our clients.”