Independent power producer Low Carbon has signed optimisation agreements with Habitat Energy, Flexitricity and EDF across four of its UK battery energy storage systems with a total capacity of 95MW.
The agreements will see Habitat Energy, Flexitricity and EDF “dynamically optimise the batteries across different markets, on a revenue share model”, a Low Carbon statement said. The four batteries are: the 10MW Meadow project (which will be optimised by Habitat Energy), the 35MW Sandon Brook site (Habitat Energy), the 20MW Fern Brook project (Flexitricity) and the 30MW Birch site (EDF).
Each asset will use “proprietary algorithms, including AI and machine Learning models, with the aim of maximising returns while maintaining asset longevity”, the statement added
The first battery is expected to come online in early 2025.
Low Carbon has also contracted energy flexibility management platform, KrakenFlex, across all four sites to act as a market dispatch and controls partner.
Marco Verspuij, head of power management at Low Carbon, said: “Low Carbon are one of the early movers to contract multiple optimisers for one BESS portfolio in a market that is developing at pace. Moreover, this type of agreement highlights how innovative finance options for storage can play a crucial role in helping the UK meet net zero. We are in a dynamic earnings environment right now and we have designed our systems to be future proof through our partnership with KrakenFlex, which will ensure our optimiser agreements remain agile.”