UK’s Low Carbon signs revenue share deals with optimisers for 95W of BESS

February 1, 2024
LinkedIn
Twitter
Reddit
Facebook
Email

Independent power producer Low Carbon has signed optimisation agreements with Habitat Energy, Flexitricity, and EDF across four battery energy storage systems (BESS) with a capacity of 95MW.

Low Carbon confirmed this agreement would see the three companies dynamically optimise the batteries across different markets, on a revenue share model. This is across Low Carbon’s Meadow (10MW), Sandon Brook (35MW), Fern Brook (20MW), and Birch (30MW) BESS sites.

With the first system set to come online in early 2025, the four sites will capture intermittent renewable energy generation and use the BESS as a method to provide flexibility to the grid.

Low Carbon has also contracted the energy flexibility management platform, KrakenFlex, across all four sites to act as a market dispatch and controls partner. This partnership will “enable Low Carbon to efficiently manage a multi-optimiser portfolio and to carry out independent revenue and dispatch checks”, the company said.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

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.”

Last week, Low Carbon reached financial close on a 385MW portfolio of solar and co-located battery storage projects in the UK. The portfolio, which is set to enter construction in early 2024, will be delivered by international EPC contractor Equans through its subsidiary Bouygues Energies and Services, and Elma. Trina Storage will provide the BESS for the portfolio.

This story first appeared on Solar Power Portal.

Energy-Storage.news’ publisher Solar Media will host the 9th annual Energy Storage Summit EU in London, 20-21 February 2024. This year it is moving to 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.

Read Next

Premium
January 28, 2026
Leading BESS owner-operators across Europe discuss the key trends around the financing and deployment of grid-scale projects, with the segment now the driver of continent-wide deployments according to trade body SolarPower Europe.
January 28, 2026
Bigger, longer-duration projects and more sophisticated deal structuring are driving the energy storage industry forward, but a lack of common approaches from transmission system operators (TSOs) remains a challenge.
January 27, 2026
Lenders requirements for contracted revenues for BESS projects in the UK appears to have softened, an executive at investment firm Triple Point said.
January 27, 2026
More BESS news from across Europe, with ContourGlobal and Alpiq striking sizeable deals in Greece and France, Iberdrola putting projects into operation in Spain, and other project news in Germany, Poland, Denmark and Southeast Europe.
January 26, 2026
A subsidiary of Juniper Green Energy has fully brought into commercial operation what the company claimed is India’s first merchant BESS project.