The two companies aim to bring 185MW of storage capacity online by the end of next year, which will operate under the capacity market to help balance grid demand
Energy storage specialist Anesco has teamed up with clean tech start-up Limejump to deliver 185MW of energy storage capacity into the UK’s capacity market this summer.
The new units, which will be brought online by the end of 2018, will be used to help stabilise the grid and maximise the use of renewable power by storing it until energy is needed.
Anesco currently has 18.9MW of energy storage in its portfolio, following the connection of its 20th utility-scale battery unit last month.
New storage capacity is required to formally enter the capacity market by August in order to be eligible for the next auction round in November, which will procure capacity for 2021/22. In the following weeks Anesco is expected to announce further details on the size and number of projects required to deliver the planned 185MW of capacity, once final funding arrangements are confirmed.
Limejump will commercially manage the new portfolio, and plans to connect it to its ‘Virtual Power Plant’ technology – an aggregation of businesses which have agreed to tweak their energy use during times of peak demand in return for payments. The firm already has a range of generating, storage and commercial assets connected to the platform.
Steve Shine, executive chairman at Anesco, said the move is “further proof of the significant growth of the [storage] sector”.
“As well as aiding grid stability, energy storage can help maximise the use of renewable power being generated, while breeding a more resilient local grid,” he said in a statement. “It’s an exciting time for the sector and we predict momentum will continue to grow, as more and more generators look to benefit from the technology.”
Limjump has successfully secured contracts in previous capacity market auctions, and Anesco will hope the new projects will be successful in securing long-term contracts at the next auction round for 2021/22 delivery.
In related news, the Energy Technologies Institute (ETI) this week underscored the need for smart, connected grids in a new paper calling for “whole energy system thinking”.
The paper, based on 10 years of research from the ETI, stressed the need for greater flexibility and interoperability in the UK grid to maximise the environmental and economic benefits associated with renewables and storage assets.