Since the start of January, Limejump, part of Shell’s Renewables & Energy Solutions division, has added more than 200 renewable generators to its Virtual Power Platform (VPP) through Power Purchase Agreements. This increases the number of renewable sites that it manages in the UK by 40%. These new sites have overwhelmingly been wind and solar and have added 170MW of renewables capacity to Limejump’s VPP.
Limejump manages one of the largest VPPs in the UK, with over 1GW of renewable capacity, demonstrating its continued leadership in the UK energy tech trading arena and helping to accelerate the UK’s energy transition. As well as wind and solar, Limejump’s VPP also hosts a sizeable portfolio of hydro, anaerobic digesters and batteries.
Catherine Newman, Limejump’s chief executive said, “We’ve had a terrific response from the market in recent weeks, a time when the power market has been so volatile. Customers are choosing Limejump because our intelligent forecasting and data-driven platform successfully maximises revenues from their generation assets.”
Since the start of the year, well below average temperatures in the UK (and Asia) have resulted in a volatile prompt and forward power market.
Genna Boyle, Limejump’s head of business development said, “Forward markets were extremely volatile, with monthly baseload forward contracts moving by more than £5/MWh some days, due to very tight market conditions. Our tech-led approach and trading expertise enabled us to quickly capture these market opportunities for many of our new and existing customers.”