Asset management software provider Arenko has brought the total capacity under its control to 51MW of operational assets, after signing a contract with Gore Street Energy Storage Fund. It will provide a route to market for Gore Street’s operational 10MW energy storage project.
Arenko says it has a further 100MW of assets contracted and scheduled to come online over the next 18 months.
Arenko sold two 50MW battery development projects to Gresham House last year when it decided to focus on its software platform business. At that time Rupert Newland, founder of Arenko Group, said: “We see batteries and other flexible assets playing a meaningful role in the energy transition and believe intelligent AI software platforms will be a crucial enabler to unlock value from batteries globally.”
In May last year Arenko and National Grid ESO began trialling a new upward and downward reserve flexibility service, using Arenko’s 41MW Bloxwich battery – the first time a battery has been able to augment existing upward and downward reserve.
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