Weir Minerals expects ‘tangible saving’ from selling foundry flex into response, capacity markets with GridBeyond

Weir Minerals says that since December its foundry has been monetising 1MW of its energy flexibility by participating in the fast-acting Dynamic Firm Frequency Response (DFFR) scheme run by NGESO. The foundry has been using GridBeyond’s platform, Point, to enter the Frequency Response and Capacity Markets using the inherent energy flexibility of four induction furnaces at its site in Todmorden, West Yorkshire.

Weir Minerals said participating in the services will provide “ a tangible annual saving,” without impacting the production processes or capital expenditure budget. GridBeyond also automates Weir Minerals’ response to Triads, the three half-hour periods between November and February that help determine users’ bill for network costs.

Lee Jenkins, director of operations at Weir Minerals Europe, said: “We are confident we will start to see cost benefits Q2, 2021. GridBeyond have been instrumental in managing this service for us remotely.”

Mark Davis, managing director UK & Ireland at GridBeyond, said :“For over a decade, GridBeyond has worked with dozens of metal-casting businesses across multiple regional markets. Assets commonly used by foundries such as arc furnaces, induction furnaces and fans provide, on average, significant levels of energy flexibility. Many sites also use battery storage and on-site generation. This makes them ideally positioned to participate in energy services and benefit from new revenue streams, increased savings and enhanced operational resilience.”

Stay up to date with New Power – subscribe to our FREE weekly newsletter here

Further reading

INTERVIEW: Stephen Stead, SSE Enterprise, prepares to bid aggregated response into Balancing Market

GridBeyond secures £9M expansion funding

Demand response aggregators launch common standards and confidence code for businesses

Electricity North West to offer DSR services to businesses with GridBeyond deal

DSR aggregator Endeco changes its name to Gridbeyond

Leave a Reply

Your email address will not be published. Required fields are marked *


*