TagEnergy’s 50MW Chapel Farm energy storage system near Luton, England, is now operational. The £30m development is a joint venture between TagEnergy and Yorkshire- headquartered Harmony Energy. After TagEnergy acquired a 60% stake in the project in November 2021, the project was supported by a £12.5m funding package from Santander UK. Construction commenced following financial close in March 2022. Now live, Chapel Farm is using a system of Tesla Megapack lithium-ion batteries, together with Tesla’s Autobidder AI software for real-time trading and control.
RES is overseeing operations as asset manager. Chapel Farm is the second TagEnergy renewable energy project to go online from its growing portfolio of close to 4GW across the UK, Spain, Portugal, France and Australia. Its first UK facility to go live, the 20MW Hawkers Hill Energy Park near Shaftesbury in Dorset, England, began operating in September 2022, following TagEnergy’s UK market entry in 2021. TagEnergy CEO Franck Woitiez said: “We are proud to work alongside our valued partner Harmony Energy and leverage our battery storage expertise to bring this important project to fruition quickly as we continue to drive momentum towards net-zero carbon emissions. “Importantly, with more than double the operational capacity of our first live facility, Chapel Farm will provide a significant clean energy boost to the national grid and help grow renewables’ share of it.” Peter Kavanagh, Harmony Energy’s CEO and Co-Founder, said: “The completion and energisation of the Chapel Farm scheme is another significant milestone for us especially as it is the first JV project we have delivered with TagEnergy which has been a great partner.” Energy Storage capacity from TagEnergy’s first two live projects, together with its other sites under construction, will bolster the UK grid by more than 350MW over the next two years alone.
Credits: renews.biz [Image: TagEnergy]