TagEnergy has energised its second UK battery.
The £30 millon, 49.5MW/99MWh battery, at Chapel Farm near Luton, is a joint venture between TagEnergy and Yorkshire-headquartered Harmony Energy.
TagEnergy acquired a 60% stake in the project in November 2021 and it was supported by a £12.5 million funding package from Santander UK. Construction commenced following financial close in March 2022.
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.
TagEnergy’s portfolio is now around 4GW in five countries – the UK, Spain, Portugal, France and Australia.
Its first UK facility to go live, the 20MW/40MWh Hawkers Hill Energy Park near Shaftesbury in Dorset, England, began operating in September 2022, following TagEnergy’s UK market entry in 2021.
Mark Cumbo, Director, Infrastructure & Renewable Energy, Santander UK said: “We’re delighted to have supported the Chapel Farm project with a structured debt solution and to now see that the asset has reached its operational phase. Battery assets, such as Chapel Farm, are a key enabler for the increasing penetration of renewable energy generation assets and to the UK meeting its Net Zero target.”
Together, Chapel Farm and Hawkers Hill give TagEnergy a combined clean energy operational capacity of 69.6MW/139MWh in the UK.