Aggregator Flexitricity will trade flexibility from Gresham House Energy Storage Fund’s biggest battery storage scheme, the 50MW/75MWh Thurcroft development.
The Edinburgh-based firm already has a relationship with the fund, managing one of its early acquisitions, the 20MW gas engine-battery storage Noriker Staunch hybrid scheme.
The Thurcroft battery, near Rotherham, is set for completion this summer. Also built by Noriker, it will be the fund’s tenth UK project, bringing its total active capacity to 224MW. That will rise to 274MW when its latest acquisition, the 50MW Wickham Market facility acquired last month, comes on stream. The fund is aiming for 364MW to be live by the year end, suggesting one or two more acquisitions are likely.
Flexitricity will trade the Thurcroft lithium-ion battery within different markets in a bid to secure best returns – via wholesale and balancing markets, plus ancillary services such as frequency response.
It is one of a number of parties working with Gresham House to monetise its batteries, including Habitat Energy, EDF and Kiwi Power.
Flexitricity director, Andy Lowe, said the rapid response delivered by assets such as batteries is something “National Grid ESO needs now and will need even more in the future to maintain system stability”.
Gresham House New Energy MD, Ben Guest, agreed, reiterating that the GB system will require “at least 10GW [of storage] in the next four years in order to enable to the ongoing transition to a renewables-led electricity market”.
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Gresham House to hit 364MW of storage, says UK needs 10GW, fast
Gresham House inks terms for latest 50MW battery
12MW solar farm powers up as owner Gresham House mulls colocating storage
Gresham House buys 50MW battery project, on track for 330MW
Gresham House raises £31m to buy more big batteries
Habitat Energy lands 74MW battery management deal for Gresham House
Gresham House taps Flexitricity for 20MW hybrid project
Kiwi to manage 15MW of Gresham House battery storage
Gresham House hires EDF to optimise 24MW of flex
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