The deal will see operations at the cutting-edge 80MW/160MW facility optimised to ensure peak performance and efficiency.
By leveraging Conrad Energy’s trading desk, the KX Power site in Immingham, Lincolnshire, can guarantee its storage capacity is traded and despatched within the right market for the correct duration of time, maximising profitability and longevity.
‘We are incredibly excited about working with KX Power to optimise the Immingham battery asset,’ said Damian Darragh, Conrad Energy’s Chairman. ‘Over the next three years we’ll be operating the state-of-the-art 160MWh system efficiently, providing critical stability and flexibility to the GB network.’
‘Conrad Energy have a track record of successfully optimising their own assets as well as offering a strong balance sheet and flexible contracting,’ added Olivia He, Chief Investment Officer at KX Power. ‘We’re confident that their trading desk will ensure the battery system at Immingham is optimised in the most efficient way possible.’
Last year, Environment Journal published an industry insight into the development and evolution of Battery Energy Storage System [BESS] technologies, explaining how this type of infrastructure can help balance grid demand and overcome limitations of renewables, and power homes, businesses and other electricity needs which are not connected to national networks.
In Trafford Park, Greater Manchester, a £750million BESS facility was granted planning permission in 2023. If completed, the site would be the largest of its kind anywhere in the world, and will be located close to a 200MW green hydrogen development and liquid-air long duration energy storage plant.
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Image: Shane Rounce via Unsplash