Habitat Energy has landed a major contract with Gresham House Energy Storage Fund. The firm, founded by former Aurora executive director Ben Irons, will manage 74MW of battery storage for the specialist investment vehicle.
However, it appears to have handed the lion’s share of battery projects to Habitat, which will manage a 20MW development in Wiltshire, 5MW in Wolverhampton and the newly acquired 49MW plant located on the Red Scar Business Park outside Preston.
Habitat sells itself on the basis that its platform and intelligence maximise revenue while minimising battery degradation.
“If you don’t know how a battery performs and degrades there is a gap no matter the trading expertise – every trade has to cover degradation cost,” Irons told The Energyst when launching Habitat.
Cycling batteries for revenue alone, he said, is sub-optimal and “could degrade the battery completely in four years”. Running more cautiously and for bigger spreads means “you may give away 10 per cent of revenue, but you extend the battery life by 50 per cent or more”.