Sharing batteries for grid services could net US$2,500 discounts for EDF’s UK customers

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on reddit
Reddit
Share on facebook
Facebook
Share on email
Email

EDF Energy, one of the UK's 'Big Six' major energy suppliers, is seeking to build a portfolio of domestic batteries to take into energy services markets by offering discounted energy storage units to consumers via a new partnership with manufacturer Powervault.

The pair are offering existing solar PV owners as much as £2,000 (US$2,550) off the cost of a home battery system if they sign up to EDF Energy grid services. If taken up, this will allow the energy stored in a Powervault 3 battery to form part of an aggregated network that can be used to help balance the grid. 

This pool of battery capacity will be used to support the grid at times of peak energy demand and to distribute excess energy to the batteries to store when there is more energy being generated than required.

Discounts of £1,560 and £2,060 will be available on Powervault’s 4.1kWh and 8.2kWh batteries respectively until 31 March 2019, although this date is subject to change in response to demand or changes in the market

W/O grid services With grid services
Battery capacity 4.1kWh 8.2kWh 4.1kWh 8.2kWh
Retail Price (Inc Value Added Tax & discount) £4,859 £7,059 £3,299 £4,999
Customer discount £0 £0 £1,560 £2,060

Consumers will need to sign up to a 10-year contract with EDF Energy as part of this offer, however the supplier has stressed that the grid services contract is completely separate to an energy supply contract

“The customer does not have to buy their energy, or receive the feed in tariff payments from EDF Energy,” it told Current±.

On top of the savings available on these upfront costs, Powervault says customers who’ve installed a Powervault 3 to store solar energy can expect to save up to 50% on their energy bills.

Jean-Benoit Ritz, director of innovation and Blue Lab at EDF Energy, said: “As the UK transitions to a low carbon future, we are seeing fantastic opportunities for consumers to be involved in this journey.

“Through our grid services, householders with solar PV will be able to become part of a national network of small-scale batteries that will help balance demand for electricity on the grid, whilst enabling them to save money by making the most of the solar energy they are generating.”

The offer, which is being targeted at the million domestic customers with solar panels in the UK, is seeking to build capacity for EDF Energy’s PowerShift platform. This will be used to access demand side response schemes as well as wholesale market trading, with Powervault providing intelligent aggregation capabilities via its cloud system.

The deal with Powervault is the latest move by EDF Energy to bolster the ranks behind its Powershift platform, having signed a deal with Upside Energy to use its cloud-based systems in conjunction with the platform to deliver flexibility from its business customers.

The supplier also recently partnered with Nissan to launch a new energy storage proposition using second life batteries, using Powershift to quickly release stored electricity into the grid under DSR schemes in the UK.

Read Next

October 21, 2021
Hawaiian Electric is launching its newest “all-source” renewable energy procurement for capacity and grid services on the eastern side of Hawaii Island.
October 18, 2021
Virtual power plant (VPP) company Swell Energy and battery storage provider sonnen have both announced deals that will turn thousands of residential solar-powered energy storage systems into valuable resources for their local grid network.
October 15, 2021
AutoGrid has raised US$83.5 million in funding to scale up its virtual power plant (VPP) platform for distributed energy resources (DER) and Leap has raised US$33.5 million to scale and develop its DER software solution.
September 28, 2021
US residential solar company Sunnova and distributed energy resource (DER) controls platform provider AutoGrid will aggregate home battery energy storage systems to provide demand response for California energy supplier Clean Power Alliance (CPA). 
September 17, 2021
Stem Inc is developing what it claimed is the first virtual power plant in South America, aggregating behind-the-meter distributed energy facilities in Chile.

Most Popular

Email Newsletter