Arenko has signed a second contract with Vattenfall to optimise a new co-located 20MW/45.5MWh battery asset in Northumberland, North East England.
The award of this contract follows on from the contract to optimise Vattenfall’s 22MW/16MWh battery, co-located at the 228MW Pen y Cymoedd Wind Farm in South Wales, announced on 13 May 2022.
This is the second battery asset co-located at a wind farm site in the UK to be optimised by Arenko.
A battery asset co-located at a wind farm site can benefit from using the existing wind farm grid export connection. Arenko is the market leader in providing complete end-to-end trade optimisation and automated dispatch software to maximise returns on co-located assets.
The asset will utilise Arenko’s cloud-based software, Nimbus, which forecasts market and asset conditions, performing millions of simulations per day to optimise trading decisions and asset performance across markets, and then securely and autonomously dispatch stored energy from the asset.
Arenko’s technology continues to provide a global platform that delights customers through intelligent control of energy assets and provides the technology for the industry to freely innovate.
Rupert Newland, Founder and CEO of Arenko Group, said: “We see this second contract with Vattenfall as a testament to Arenko’s optimisation services and as reaffirmation of the potential of our technology to add value to customers.
“We are incredibly excited for the opportunity to optimise the first two-hour duration asset in our growing Route-To-Market portfolio. We are delighted to be building on our existing relationship with Vattenfall and hope to continue to grow this relationship even further in the future.”