Limejump, part of Shell’s Renewables & Energy Solutions division, has added 170MW of renewables capacity to its virtual power plant (VPP) through PPAs since the beginning of the year.
The PPAs were mainly for wind and solar power generation.
It has also added more than 200 renewable generators to Limejump’s award-winning VPP.
Limejump manages one of the largest VPPs in the UK, with over 1GW of renewable capacity.
As well as wind and solar, Limejump’s VPP also hosts a sizeable portfolio of hydro, anaerobic digesters and batteries.
Limejump’s chief executive Catherine Newman said: “We’ve had a terrific response from the market in recent weeks, a time when the power market has been so volatile.
“Customers are choosing Limejump because our intelligent forecasting and data-driven platform successfully maximises revenues from their generation assets.”
Since the start of the year, well below average temperatures in the UK (and Asia) have resulted in a volatile prompt and forward power market.
Limejump’s head of business development Genna Boyle added: “Forward markets were extremely volatile, with monthly baseload forward contracts moving by more than £5/MWh some days, due to very tight market conditions.
“Our tech-led approach and trading expertise enabled us to quickly capture these market opportunities for many of our new and existing customers.”