Conrad Energy has inked a deal with KX Power to optimise the 80MW/160MWh Battery Energy Storage System (BESS) at Immingham.
The agreement will leverage Conrad Energy’s trading desk to ensure peak operational performance for KX Power’s battery system, which is set to go live during the first quarter.
By monitoring trading, balancing, flexibility and frequency markets, Conrad Energy’s platform operates to ensure the system’s storage capacity is traded and despatched in the right market, at the right time and for the right duration to maximise profitability and operational longevity.
The Immingham BESS will integrate with Conrad Energy’s platform immediately upon activation of the agreement.
“We are incredibly excited about working with KX Power to optimise the Immingham battery asset,” said Conrad Energy’s chairman Damian Darragh.
“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.”
Chief investment officer at KX Power Olivia He said: “Conrad Energy have a track record of successfully optimising their own assets as well as offering a strong balance sheet and flexible contracting.
“We’re confident that their trading desk will ensure the battery system at Immingham is optimised in the most efficient way possible.”
As well as supporting third parties in optimising their energy assets, Conrad Energy also possesses 83 of its own sites (either operational or in construction) with the potential to generate 983MW of power from a variety of technologies including gas, batteries, solar, wind and hydrogen.