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

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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.

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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.

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.

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