Zenobe Energy set to enter new 10MW battery in UK’s Balancing Mechanism

By Alice Grundy
Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on reddit
Reddit
Share on facebook
Facebook
Share on email
Email
Zenobe’s 10MW battery at the Hill Farm site. Image: Zenobe Energy.

As part of an optimisation deal with Open Energi and Erova Energy, battery storage owner and operator Zenobe Energy is set to enter a new battery into the UK’s Balancing Mechanism (BM).

The Dynamic Demand 2.0 Trader solution – developed by Open Energi and Erova – is to be used to optimise the site, with the system algorithmically taking positions and rebalancing state of charge by making continuous calculations over different time horizons as market opportunities evolve.

This is being lauded as the country’s first fully automated energy optimisation and trading system, and will utilise Zenobe’s 10MW battery at the Hill Farm site.

It is also to provide the company’s battery with access to BM revenues for the first time, with the battery also trading in the wholesale, ancillary service and capacity markets.

David Hill, commercial director at Open Energi, said: “We are really excited to build on our existing relationship with Zenobe to deploy our flagship grid-scale battery storage product, Dynamic Demand 2.0 Trader with Erova Energy for the first time.

“We believe that our proven track record in trading performance and managing complex warranties with our State of Charge management software will lend itself well to trading in the Balancing Mechanism, where optimisation strategies hinge on energy recovery ability.”

National Grid ESO has been working to open up the BM, through a number of measures including introducing a new interface. Additionally, independent aggregators can now access the mechanism as Virtual Lead Parties (VLPs), and Elexon is considering allowing individual asset meters to be used for settlement purposes, resulting in “more opportunities” for small asset owners.

A number of new assets have been introduced to the BM in recent months, including ones owned by Gresham House Energy Storage Fund, as well as companies such as Flexitricity and Habitat Energy entering the BM as VLPs.

Steven Meersman, co-founder at Zenobe Energy, said: “We are very happy to continue to build on the great work done to date with Open Energi and extend our joint reach into the Balancing Mechanism as well as wholesale traded markets by including Erova into the partnership.”

This article was originally published on ESN’s sister site Current±

Read Next

August 11, 2022
Norwegian renewable energy investor Magnora and the Alberta Investment Management Corporation have moved into the UK battery storage market.
August 11, 2022
State-owned Estonian energy company Eesti Energia is planning to build a 225MW pumped hydro energy storage facility, as part of a wider push to become independent of Russian energy.
August 10, 2022
The first battery energy storage system (BESS) in New York City using Tesla Megapacks, a 12MWh system in the Bronx by NineDot, has been inaugurated.
August 4, 2022
Conrad Energy has launched construction of a 6MW/12MWh battery energy storage system in Somerset, UK, after local opposition thwarted original plans for a new gas generator.
August 4, 2022
Nidec ASI, the Italy-based industrial solutions division of Japanese conglomerate Nidec Group, will provide EPC services for a 50MW battery energy storage system (BESS) project in Northern Ireland.

Most Popular

Email Newsletter