Videos & webinars
Revenue Opportunities for Battery Storage - Update
Andy Lowe gives an update on revenue opportunities for battery storage
Read contentBreach Farm is one of Gore Street Capital's lithium-ion battery sites, and it contributes 10MW towards Flexitricity's growing virtual power plant.
The above video was filmed when the Larport Farm site was owned by Anesco. It has since been purchased by Gore Street Capital.
Location | Herefordshire and Derbyshire |
Assets | Lithium ion batteries |
Services | Energy supply and trading, Balancing Mechanism, frequency response (inc. Dynamic Containment) and triad management |
Capacity | 29.5MW (Larport Farm and Breach Farm) |
John-Michael Cheshire, Principal at Gore Street Capital
National Grid highlights energy storage as a key growth area and estimates that as much as 30GW installed capacity could be required by 2050. This creates a hugely lucrative opportunity for investors and developers.
Flexitricity optimises Gore Street Capital’s 19.5MW Larport Farm battery and their 10MW Breach Farm battery from our 24/7 control room in Edinburgh. The batteries deliver frequency response services to National Grid, and are also traded in the day ahead and intraday energy markets, and directly with National Grid in the Balancing Mechanism.
Flexitricity brings market-leading expertise in frequency response, having been the first company to make aggregated flexibility available for frequency response in 2012.
In addition, Flexitricity also offers a 24/7 energy trading optimisation service and access to the Balancing Mechanism - one of the most important tools which National Grid uses to balance electricity supply and demand in real-time.
This service is available as part of our energy supply contract or now also as a standalone service through Balancing Mechanism Wider Access.
Maximising revenue from battery storage can be challenging and requires a high level of expertise. Flexitricity manages the assets dynamically, keeping agile in our approach to ensure that the batteries move between different services and revenue streams, allowing Gore Street Capital to maximise revenue and return for investors.
Daniel Burke, Asset Manager at Gore Street Capital, noted:
Flexitricity has been monetising Gore Street assets in Dynamic Containment since Q4 2020. In early 2021, Gore Street also benefited from Flexitricity’s expertise in the trading markets by withdrawing from Dynamic Containment to capture price spikes in the wholesale trading markets. This agility in optimisation significantly boosted the financial performance of the asset during the volatile wholesale market conditions experienced in Q1 2021.
Energy storage has a growing role to play on the system and the market is set to continue to grow rapidly. Gore Street Capital intends to lead the way and is planning on developing more and larger battery storage projects.
“Gore Street Capital is a market leader for energy storage in the UK. The company now has 210MW of battery energy storage systems in operation and a pipeline of shovel-ready and funded sites set to expand this significantly in the near future. The team is increasingly focused on larger systems and is set for continued rapid growth as the industry grows”.
All performance claims made within this testimonial, both technical and financial, were true at time of writing. Claims relating to past performance of certain asset classes do not represent a guarantee of future results for assets in the same class or other asset types
Videos & webinars
Andy Lowe gives an update on revenue opportunities for battery storage
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