The Gresham House Energy Storage Fund has selected EDF to optimize its new 50MW battery site in the Wickham Market.
Capable of storing 75MWh of energy, this is the UK’s largest battery installed to date.
The arrangement will see EDF, in addition to the control partner Upside Energy, direct the energy flow of the battery to all markets, including Dynamic Containment, generating revenue for the fund both within and outside the National Grid partnership.
The agreement leverages EDF’s industry-leading trading experience and benefits from EDF’s proven track record of optimizing revenue for two of its other properties, Littlebrook and Rufford, which were signed in September 2019.
EDF has funded the Gresham House Energy Storage Fund through the initial energization phase of the asset. Now that the site is running successfully, EDF can run the asset to deliver maximum value and mitigate battery degradation. The site will use EDF’s Powershift platform, which is already optimizing a variety of storage technologies across the UK.
“We are committed to giving our strongest-performing partners the opportunity to grow their relationship with us, as our operating asset base grows. We look forward to working together with the team at Wickham Market.”Ben Guest, managing director of Gresham House New Energy.
“The UK’s transition to a low-carbon future will increasingly draw on the flexibility of assets such as these. We are determined to play a major role in this market and are excited to support Gresham House from the outset with this project. This deal reinforces our commitment to helping Britain achieve net zero carbon emissions and supports our position as a leader in battery optimisation services in the UK. Our highly skilled trading teams are able to develop and execute a range of trading strategies to deliver maximum value for our clients.”Stuart Fenner, head of energy trading services at EDF.