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Statkraft, Grid Battery Storage sign optimisation services agreement for grid scale battery

Published 07 March 2018

Statkraft has signed the first Optimisation Service Agreement for a grid scale battery with Grid Battery Storage Limited (GBSL).

For a period of three years Statkraft will provide electricity trading optimisation services and access to the Firm Frequency Response (FFR) market for the 6 MW battery located in Dorking, England. The project is expected to enter operations in September 2018.

Statkraft Market access and continental assets senior vice president Pieter Schipper said: “We are thrilled to be working with GBSL and providing route to market and optimisation services for their first operational battery storage project.

“Statkraft is committed to being the leading partner for clients seeking to maximise returns from storage and flexible generation projects. We accomplish this by leveraging our trading teams’ expertise in managing renewables generation in short term energy markets, and our advanced asset optimisation and algorithmic trading capabilities.”

Battery storage is going to revolutionise the UK energy landscape by providing the flexibility necessary to integrate increasing levels of intermittent renewables while maintaining security of supply.

Statkraft, with one of the world’s largest Virtual Power Plants, is ideally positioned to manage flexible assets using its advanced algorithmic trading infrastructure in real time. This approach maximises the value of the assets in all available physical markets while supporting the further integration of renewables.

GBSL director and co-founder James McKellar said “GBSL found Statkraft to be creative, knowledgeable and committed to finding optimal operating and financial solutions for one of the first investor owned battery storage projects in the UK – it has been a pleasure and an education to work with them in what is a very complicated business.”

Source: Company Press Release