EDF has been selected by Gresham House Energy Storage Fund to optimise the latter’s 50MW Wickham Market (pictured) energy storage project in the UK.
The deal will see EDF, alongside controls partner Upside Energy, direct the battery’s energy flow into all markets including dynamic containment, generating revenue for the fund both within and outside National Grid relationships.
The agreement results from EDF’s track record of maximising revenues for two of the fund’s other assets, at Littlebrook and Rufford, which were signed up in September 2019.
EDF has also supported Gresham House Energy Storage Fund through the asset’s initial energisation period.
The company will operate the asset to deliver optimal value and minimise battery degradation.
The site will utilise EDF’s Powershift platform.
Gresham House New Energy managing director Ben Guest said: “We are committed to giving our strongest-performing partners the opportunity to grow their relationship with us, as our operating asset base grows.
“We look forward to working together with the team at Wickham Market.”
EDF head of energy trading services Stuart Fenner said: “The UK’s transition to a low-carbon future will increasingly draw on the flexibility of assets such as these.
“We are determined to play a major role in this market and are excited to support Gresham House from the outset with this project.
“This deal reinforces our commitment to helping Britain achieve net zero carbon emissions and supports our position as a leader in battery optimisation services in the UK.
“Our highly skilled trading teams are able to develop and execute a range of trading strategies to deliver maximum value for our clients.”