Habitat Energy has reached an agreement with Gresham House Energy Storage Fund to optimise 74MW of energy storage system (ESS) projects.
Gresham’s facilities are being optimised using Habitat Energy’s PowerIQ platform which can maximise the value of assets across wholesale markets whilst managing degradation so as to extend their life.
The agreements comprise three existing projects which include a 20MW in Wiltshire, 5MW in Wolverhampton and the recently-commissioned 49MW project located on the Red Scar Business Park outside Preston.
Andrew Luers, chief executive of Habitat Energy, said: “We are delighted to be working in conjunction with the Gresham House Energy Storage Fund and their manager, Gresham House Asset Management, in order to accelerate the deployment of much-needed flexible power assets onto Great Britain’s electricity network.
“Our aim is to provide unique insight for a unique asset class and add value in the short- and long-term for our clients. We share Gresham’s enthusiasm and sense of purpose for the opportunities available in the next few years.”