A ten-year contract has been agreed between RGREEN INVEST and Centrica Business Solutions for the optimisation of three battery storage plants developed by Arlington Energy.
RGREEN INVEST’s dedicated IPP platform 4 Renewable Energy (previously known as INFRAGREEN IV RE) has agreed a ten-year contract with Centrica Business Solutions for the optimisation of three battery storage plants developed by Arlington Energy and under construction across England.
Totalling 89MW of assets with a one-hour duration, the three projects are scheduled to be completed by summer 2022. Once commissioned, the assets will facilitate the transition towards Net Zero by providing crucial flexibility to the energy system, helping stabilise intermittent output from renewable energy sources and enabling security of supply in a renewable-based energy grid.
This support is delivered through a combination of markets, which help to manage grid frequency, and energy trading to mitigate shortfalls in supply or demand through either short-term commodity markets or the balancing mechanism.
Using its proprietary FlexPond™ platform, Centrica Business Solutions will deliver this multi-market strategy on behalf of 4 Renewable Energy, adapting the output of the battery in real time to deliver the most cost-effective use of the energy storage capacity at any one time. Thanks to this flexible approach, Centrica Business Solutions maximises both the environmental impact of the assets and the Return on Investment of the projects.
Developed by Arlington with the backing of 4 Renewable Energy, the IPP arm of RGREEN INVEST, a leading independent French investment management company, the batteries will be optimised across several markets to generate best in class returns and provide downside protection for investors.
“This represents one of the largest battery optimisation deals in the UK, and a significant development in the ambitions of RGREEN INVEST and Centrica Business Solutions to be leaders in the transition to net zero,” explains Dan Connor, Head of Optimisation Sales at Centrica Business Solutions.
“The flexible, multi-market approach is crucial to maximising the impact of battery storage. It helps ensure that greater levels of renewable energy can be brought on stream and used effectively, which is fundamental to reaching net zero.”
“Providing confidence in the level of returns will bolster the significant interest and investment we are currently witnessing in the storage sector,” he adds.
Sebastien Rondel, Head of Direct Investment at RGREEN INVEST says, “Centrica Business Solutions will help to ensure that these three battery projects are utilised as efficiently as possible, maximising both the return on investment and the contribution to carbon reduction. Every battery storage project helps build the resilience and agility required to accelerate renewable energy generation and the transition away from fossil fuels.”
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