Statkraft has signed two optimisation agreements with Gresham House Energy Storage Fund for two battery energy storage projects in Scotland.
The agreements will cover the 35MW Arbroath and 40MW Coupar projects, both set to energise in 2022.
These assets are transmission connected and CVA registered in Scotland.
They will help reduce transmission constraints where they’re located, by storing excess renewable power which may have otherwise been curtailed and releasing it when the network is less congested.
Statkraft said it will maximise the net income streams of the projects across ancillary services and trading markets.
Duncan Dale, Statkraft’s VP of Customer Facing Business, UK & Ireland, said: “We’re delighted to be working with Gresham House on battery storage projects for the first time.
“Statkraft looks forward to demonstrating our ability to add value in this space and in future expanding our partnership with Gresham House Energy Storage Fund, who are the largest battery owner in the UK.”
Ben Guest, Managing Director, New Energy at Gresham House and Fund Manager of Gresham House Energy Storage Fund, added: “We’re impressed with Statkraft’s track record and reputation in renewables and flex trading and are looking forward to working closely with Statkraft on battery projects and growing our relationship in the future.”