Norwegian energy company Statkraft and flow battery developer RedT are partnering to provide behind-the-meter solar and energy storage for commercial and industrial clients in the UK.
The companies initially aim to provide up to 10MW of solar and 6 megawatt-hours of storage, rising to 100MW of PV and 60MWh of storage over three years.
Statkraft will provide long-term corporate power purchase agreements for the solar and energy energy storage, as well as a 100% renewable supply agreement from subsidiary Bryt Energy for remaining energy required from the grid.
The Norwegians will also provide flexibility optimisation services using its in-house virtual power plant.
RedT will provide energy storage technology integrated with solar.
“This solution is focussed on low-risk energy savings, maximising the use of low-cost solar on customers’ sites and reducing exposure to volatile energy prices and solar price cannibalisation,” the partners said.
Statkraft UK downstream head Andy Cooper said: “We are excited to be working with RedT energy to provide an attractive combination of renewable energy and long-duration energy storage for our customers – we believe our funded solution really enables customers to take advantage of more zero-carbon renewable energy, matching it to when it is needed most.
“Statkraft is committed to being the leading partner for clients seeking to better utilise renewable energy and maximise the value of flexibility.
“The partnership with RedT enables Statkraft and Bryt Energy to offer additional options that will benefit customers, incorporating storage, renewable energy solutions, advanced asset optimisation and trading within a VPP.”
RedT chief executive Scott McGregor said: “We are pleased to be partnering with Europe’s leading renewable energy generator and optimisation expert in Statkraft.
“Together we are breaking new ground in the energy industry with this unique, fully financed decentralised energy solution designed specifically for the UK C&I sector to reduce energy costs.
“With this roll out of low cost solar coupled with heavy cycling, non-degrading flow machine technology, we are accelerating the deployment of ‘energy storage 2.0’, providing low risk infrastructure returns to commercial energy users, and creating an effective, low risk hedge against rising energy prices for the next 25 years.”