Gresham House Energy Storage Fund has energised its West Didsbury 50MW battery in Manchester, England, taking the portfolio’s operational capacity to 690MW.
It is expected to be revenue generating in December.
West Didsbury is planned to undergo a duration extension to two hours in early 2024 which will take the capacity of the site from 50 megawatt hours (MWh) to 100MWh, increasing its earnings potential.
The project was developed and built by Statera Energy and trading will be optimised by Arenko Cleantech.
Ben Guest, fund manager of Gresham House Energy Storage Fund and managing director of Gresham House New Energy, said: “With three projects totalling 140MW energised so far in 2023, we are making good progress towards fully commissioning our 2023 pipeline and reaching our target of 1GW of operational projects by H1 2024 and 1.1GW/1.7GWh by the end of 2024, excluding any potential disposals.
“With each new MW and MWh of capacity added, we drive down the threshold of cashflow per MW and per MWh required to cover our dividend.
“We look forward to announcing new project energisations, which will drive further operational scale, in the coming months.”