KiWi Power has won a contract with specialist fund manager Gresham House New Energy to operate and optimise its Lockleaze 15MW battery on the outskirts of Bristol. The site is expected to go live this month (October).
The addition will help KiWi Power’s energy storage portfolio reach 80MW by the end of the year. Alongside participating in the Balancing Mechanism (BM), KiWi Power will optimise the asset against other revenue streams, including ancillary services. The technology platform will automatically dispatch the asset in real-time.
Ben Guest, managing director, Gresham House New Energy, said: “Energy storage technology is vital to maximising the potential of renewable energy and offers an attractive new asset class for investors wanting to support the UK’s transition to a cleaner, more sustainable future. K”
KiWi Power’s new cheif executive, Jay Zoellner, said: “Projects such as this demonstrate the value distributed energy resources can deliver for investors and the environment alike. ”