Independent power producer Low Carbon has signed optimisation agreements with three companies for four of its batteries, totalling 95MW.
Habitat Energy (Meadow, 10MW, and Sandon Brook, 35MW), Flexitricity (Fern Brook, 20MW) and EDF (Birch, 30MW) optimise across different markets, on a revenue share model. Each asset will use proprietary algorithms, including AI and machine learning models, with the aim of maximising returns while maintaining asset longevity.
The first of the systems is expected to come online in early 2025.
Low Carbon has also contracted an energy flexibility management platform, KrakenFlex, to act as a market dispatch and controls partner across all four sites. Low Carbon says this will allow it to manage a multi-optimiser portfolio efficiently and carry out independent revenue and dispatch checks.
Marco Verspuij, Head of Power Management at Low Carbon, said the company was an ‘early mover’ in contracting multiple optimisers for one battery portfolio “in a market that is developing at pace”. He added, “: this type of agreement highlights how innovative finance options for storage can play a crucial role in helping the UK meet net zero.
“We are in a dynamic earnings environment right now and we have designed our systems to be future proof through our partnership with KrakenFlex, which will ensure our optimiser agreements remain agile.”