Gore Street Energy Storage Fund has scheduled the energisation of its 80MW grid battery in the UK.
The Stony asset in Milton Keynes, England, has been scheduled with National Grid ESO to begin on 31 July 2023.
The process is expected to take up to two weeks to complete.
Once operational, the asset will bring the company’s total operational portfolio to 371.5MW.
Based on data provided by Modo Energy, Gore Street’s assets generated an average revenue of £7.62/MW/hour for the six-month period from January to June 2023.
This compares favourably to the GB average for a one-hour system, which was reported to be £6.83/MW/hour during the same period.
Two-hour systems were reported to have generated, on average, just 7.6% more per MW than the company’s average during this period, stated Gore Street.
Given the material increased capex required to build the additional duration, this supports Gore Street’s view of optimal duration in this market, it said.