Habitat Enerdy Enters Balancing Mechanism With Largest Battery
Habitat
Energy has announced its entry into the Balancing Mechanism via the Virtual
Lead Party route, the second such operator to do so and with the largest
battery in the Mechanism.
On
2nd September, Habitat went live in the Balancing Mechanism with 69 MW
/ 100 MWh of storage. The 74MWh Longridge battery, one of two sites, is
currently the largest battery in the Balancing Mechanism. Both assets are owned
by Gresham House. The sites were both used extensively by National Grid over
the course of the first day, responding over 80 times to National Grid
requests.
Phil
Robinson, co-founder and director of Habitat Energy said, “The Balancing
Mechanism represents a core revenue opportunity for batteries. It's great for
the industry that National Grid ESO's Wider Access initiative is having a real
impact.”
Ben
Guest, Managing Director at Gresham House said, “This is an important milestone
for Habitat and the projects they optimise for Gresham House Energy Storage
Fund. We are delighted to have reached this stage together.”
Habitat
Energy became a Virtual Lead Party in May 2020, a new role created as a part of
the Wider Access initiative set out in the BSC Modification P344. The two sites
will participate in the 3rd phase of the Reserve from Storage trial due to begin
later this week, as well as Dynamic Containment and TERRE, both of which launch
later this year.
Phil said:
“We are delighted to be offering our customers
another revenue stream to the day ahead, intraday, imbalance and ancillary
service markets where we are already active with our 150MWh portfolio.”
Since
its founding in late 2017, Habitat Energy has rapidly emerged as a
market-leader, actively trading UK battery storage assets in the wholesale and
balancing markets 24/7 with its PowerIQ platform. It works in close
partnerships with many of the industry's biggest developers and investors,
supporting the design and financing of new-build projects. Its trading platform
and forecasting tools offer customers unparalleled understanding of the revenue
model and broader market dynamics, backed up by the ability to deliver revenues
once assets are built.
