Root-Power is on course to bid for 11 government-backed energy contracts with a combined capacity of 537MW at next March’s Capacity Market Auction run by National Grid Electricity System Operator.
The company said the 15-year contracts, which would start in 2029, would provide long-term revenue and support its battery energy storage facilities across the UK.
Root-Power added that the sites would store surplus renewable energy and release it back to the grid to safeguard thousands of business and domestic users during peak demand.
The Salford-based operator is part of the YLEM Group and aims to build on its success earlier this year, when it secured seven contracts with a combined capacity of 237MW worth over £40m across 15 years.
Six of those BESS facilities are under construction or front-end engineering design and are due to go live in 2026 and early 2027.
Neil Brooks, managing director at Root-Power, said: “Being on course to bid for our highest number of government-backed energy contracts at the Capacity Market Auction early next year underlines our ambitious growth plans for the business.”
He added: “The capacity market has become an increasingly important component of BESS revenues for Root-Power. Recent changes to how the capacity market rules impact BESS projects and historic high clearing prices in recent auctions are driving support for this vital technology.”
Brooks stated: “Our battery energy storage facilities play a critical role in delivering clean, flexible electricity to the grid and we’re looking forward to supporting and safeguarding the power needs of even more residential and business communities across the UK over the next 15-20 years.”