UK-based Habitat Energy has expanded into the US power market with plans to optimise a portfolio of 60MW of battery energy storage system (BESS) assets.
With a partnership signed with Glidepath Power Solutions, Habitat will optimise the company’s 10MW/10MWh Prospect battery storage project in West Columbia, Texas. Habitat will also optimise Glidepath’s 50MW Byrd Ranch storage project in Sweeny, Texas.
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The optimisation of the projects will be achieved via the use of Habitat’s trading platform, with full route-to-market capabilities for both the wholesale and balancing markets. It is based on the company’s proprietary software PowerIQ, which combines algorithmic forecasting and AI.
Habitat will aim to increase its overseas portfolio building on its over 700MW of storage capacity in the UK.
For the US market, Habitat will not only focus on battery storage optimisation, but also on renewables and hybrid facilities.
The firm stated that it recognises the substantial revenue opportunity that sophisticated AI optimisation can deliver by trading across Day Ahead and Real Time markets in addition to dynamically analysing hub and node price differentials in real time.
Habitat and Glidepath are both portfolio companies of Quinbrook Infrastructure Partners.
This is the latest development in Habitat’s expansion of its services into North America. In May 2021, the firm agreed a partnership with Canadian Solar, one of the world’s largest solar technology and renewable energy companies.
As reported at the time, the partnership would see the Ontario based company offer Habitat enhanced technology solutions for developers and owners of battery storage assets across its operations, enabling them to capture additional revenue from trading optimisation.
To read the full version of this story, visit Solar Media’s UK energy transition site, Current±.