The balancing and frequency markets will double in value by 2030 as the evolution of the power market creates £6 billion of investment opportunity for battery storage and other flexible and distributed generation assets.
Food wholesaler Philip Dennis Foodservice has installed energy storage units totalling over 4MW at its Barnstaple offices in an effort to generate revenue from grid services, rather than making savings from behind-the-meter activity.
Battery assets have been used in the Balancing Mechanism for the first time via a virtual power plant, marking the start of a new era in energy storage revenues in the UK.
'Important milestone': Limejump takes first aggregated unit into Balancing Mechanism using Virtual Power Plant
Limejump has been admitted into the Balancing Mechanism (BM) using its Virtual Power Plant (VPP), laying claim to being the first to use an aggregated BM unit (BMU) in the market.
Energy firm Limejump has bolstered its technological expertise with the appointment of a new chief technology officer.
Limejump is seeking to take on 1GW of active battery capacity by 2022 after laying claim to managing one of the largest centrally controlled battery asset portfolios in the world at 130MW.
Limejump is to take on the commercial responsibilities of what is thought to be the largest community battery in Europe currently being built at a new housing development in Nottingham.
Flexibility aggregator Limejump has strengthened its leadership team and boosted its headcount as it prepares to scale-up its operations.