BP has signed an agreement with battery investors Harmony Energy Income Trust (HEIT) to provide physical power trading and optimisation services to two projects due to come online in the first half of 2024. They are the first new batteries BP has contracted to optimise since it acquired digital energy platform Open Energi in 2021.
The agreement will see BP work on Hawthorn Pit (49.9MW/99.8MWh) and Wormald Green (33MW/66MWh).
Hormoz Ala, senior manager in European power, BP, said “As BP looks to transform into an integrated energy company, it is vital that we continue to develop and diversify our own business to continue to perform for customers, investors and the energy market.
“Signing this agreement with a leading battery owner such as Harmony Energy Income Trust confirms market confidence in our optimization capabilities in this rapidly growing market.”