Battery energy storage system (BESS) integrator Powin will provide developer-operator Pulse Clean Energy with 50MW/110MWh of its Stack750 energy storage system for a UK project.
The 2.2-hour BESS will be deployed for project Overhill, in Scotland, which is expected to enter full commercial operation in mid-2025. Powin is providing the BESS while Pulse Clean Energy will oversee asset delivery and manage operations over the project’s lifecycle.
It is Powin’s first BESS deployment in the UK and was agreed today (20 February) in a signing ceremony at the Energy Storage Summit EU in London put on by our publisher Solar Media, at which Energy-Storage.news was present.
It is its second in Europe after it secured an order for a project in Portugal, covered by Energy-Storage.news a few weeks ago. Powin president Anthony Carroll said that the European activity began with the acquisition of Spain-based power conversation system (PCS) specialist EKS, a partnership which remains even after the sale to Hitachi Energy.
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“We are definitely going to invest more in Europe with Spain a big focus following our deals in the UK and Portugal,” Carroll said.
“There’s going to be a lot of storage needed in Spain because of the massive amount of renewables penetration. Poland is a very interesting market with some short-term opportunities, not quite a long-term strategy because the capacity requirements are limited.”
The project with Pulse also comes after several months of falling BESS prices globally. Asked about how this factored into the timing of the deal, Pulse Clean Energy CEO Trevor Wills told Energy-Storage.news:
“We take into account a number of different things before placing an order and ultimately we place our bets based on where we sit today and the things that we can see, including the pieces of revenue that we can lock down, and then we take a view into the future as to what we believe the market will be and will perform at, and we go forward on that basis.”
“I would say that it’s something that we anticipate will move up and down through time and so, for us, the importance is making sure that we’ve got a long-term strategic partnership with the people that we do business with, so that we’re working through those cycles in a way that that gets us to a long-term techno-economic outcome that delivers against the structural opportunity that we see in the market.”
Energy-Storage.news’ publisher Solar Media is currently hosting the 9th annual Energy Storage Summit EU in London, today and tomorrow (20-21 February 2024). This year it is in a larger venue, bringing together Europe’s leading investors, policymakers, developers, utilities, energy buyers and service providers all in one place. Visit the official site for more info.
