Image: Gresham House
Gresham House New Energy has signed a contract with KiWi Power for the optimisation of its 15MW Lockleaze battery in Bristol.
The battery is set to go live this month and will be the latest addition to KiWi’s storage portfolio, which is set to hit 80MW by the end of this year.
Engie-backed KiWi’s proprietary technology platform will automatically dispatch the battery in real-time, following a strategy designed to maximise its value and lifespan by continuously evaluating the degradation cost of each market action, the aggregator said.
The battery will be optimised against multiple revenue streams, including ancillary services, and participate in the Balancing Mechanism. Thomas Jennings, head of optimisation at KiWi Power, said the aggregator will "maximise" the returns of the battery, increasing its performance and hunt value.
Ben Guest, managing director of Gresham House New Energy, said KiWi’s five years of experience gives the firm “confidence they are a strong partner” to deliver long-term value.
“Energy storage technology is vital to maximising the potential of renewable energy and offers an attractive new asset class for investors wanting to support the UK’s transition to a cleaner, more sustainable future.”
Gresham also signed a deal with EDF Energy last month for the optimisation of a 20MW storage project through its PowerShift platform. EDF is also optimising Anesco’s Clayhill battery through the demand side response platform.