Gresham House Energy Storage Fund has hired EDF Energy to trade flexible power from 20MW of batteries and 4MW of peaking plant in wholesale and ancillary markets.
The French-owned utility will also load-shift around Triad periods.
“Our battery storage portfolio aims to generate sustainable financial returns for our investors while supporting the UK’s transition away from fossil fuels and towards clean energy,” said Ben Guest, head of Gresham House New Energy.
“Asset optimisation is the largest contributor to revenues and through this partnership we are able to broaden our revenue stack and provide our investors with certainty – despite the shifting regulatory environment.”
Nodding to the recent blackout, EDF Energy director of Energy Solutions, Vincent de Rul, said now “is an important time for battery storage. The UK’s successful transition to a low-carbon future will increasingly draw on optimisation of assets like these alongside low-carbon generation”.
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