UK battery asset developer Zenobe Energy has signed an optimisation agreement with EDF for 59MW of battery storage.
EDF is to trade and optimise the portfolio, which consists of Zenobe’s assets in Claredown, Aylesford and Kings Barn. The partnership – which also includes contracts for supply and offtake of energy – is set to extend Zenobe’s access to the wholesale market and balancing mechanism (BM).
EDF is to provide Zenobe with a floor price, with the deal enabling Zenobe to work collaboratively with EDF’s trading team and select asset trading strategies. Zenobe battery systems were used in the first-ever dispatch of ancillary services through transmission operator National Grid’s web-based platform in the UK, in 2018.
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Read an interview about optimising and value creation from UK battery assets with EDF’s head of energy trading services, Chris Regan, here [note this is a sponsored article following our recent Digital Series online conference event].
