Gore Street Energy Storage Fund has selected EDF to optimise a new 80MW battery asset in Milton Keynes in England. The energisation process for the Stony battery energy storage system (BESS) began on 31 July 2023. Deployment of this asset is part of a pipeline of new projects that will take Gore Street Energy Storage Fund’s operational energy storage portfolio to in excess of 370MW. As per the agreement EDF will optimise the Stony BESS through its Powershift platform, providing access to a variety of revenue streams including the Balancing Mechanism, wholesale optimisation and ancillary services, alongside making use of EDF’s trading expertise.
This is the third contract Gore Street Energy Storage Fund has awarded EDF, which already manages the trading and optimisation for both the 20MW Lascar and 20MW Hulley BESS assets. EDF has more than 950MW of battery optimisation contracts signed. Stuart Fenner, Director of Wholesale Market Service Commercial at EDF, said: “We are very pleased that Gore Street Energy Storage Fund has once again chosen EDF as its trading and optimisation partner and we are committed to continuing to strengthen our relationship into the future. “This partnership will provide essential flexibility to the energy system and reinforces EDF’s commitment to helping Britain achieve net zero.” Alicja Kowalewska-Montfort, Technical Principal at Gore Street Capital, the investment manager of Gore Street Energy Storage Fund, said: “EDF has a strong track record with two of our existing assets, making the agreement to take on Stony a natural progression based on consistently good performance. “Its commercial offer represented best value for Gore Street Energy Storage Fund, and we look forward to building on our joint success with the fund’s biggest GB asset to date.”
Credits: renews.biz [Image: Gore Street]