Energy trader Danske Commodities has signed an optimisation agreement for a 25MW battery storage asset in the UK.
The three-year agreement for the Blandford Road battery marks Danske Commodities’ first battery storage customer in the UK.
Under the agreement, Danske Commodities will provide market access, balancing and optimisation services for Blandford Road.
The asset is owned by Equinor and is developed and operated by Noriker Power Limited, partly owned by Equinor (45% stake).
Once operational, Blandford Road will have a capacity of 25MW/50MWh and help provide flexibility to intermittent power generation in the UK renewables market.
“We are proud to announce Danske Commodities’ first optimisation agreement with a battery storage asset in the UK.
“With 15 years of experience from UK power markets, we will use apply our trading expertise to optimise battery storage assets and help provide much needed flexibility to intermittent power generation.
“We currently manage the biggest portfolio of batteries in Denmark, and we look forward to building on this experience as we take on our first battery in the UK,” said Anders Kring, VP, Head of European Power Trading at Danske Commodities.
“As Equinor’s power trading arm, we are happy to apply our experience from short-term trading to support our owner’s strategic ambitions within renewable energy and battery storage.
“Danske Commodities will utilise its fully automated algorithmic setup to maximise returns across wholesale and ancillary services markets,” added Kring.
Danske Commodities has a contract portfolio of 2000MW renewables assets in the UK, including a proportion of the offtake from offshore wind farm Dogger Bank.