Anesco unveils plans to quadruple battery storage
Anesco's energy storage portfolio will exceed 380MW by 2020 with the company revealing plans to quadruple the size of its operational battery portfolio over the next three years.
16th May 2018 by Networks
The Reading-based renewables developer currently commands a 22% share of all operational utility scale storage units in the UK and 47% of the non-EFR capacity.
This figure is set to increase as Anesco gears up to add 380MW more capacity over the next three years. Several projects are currently under construction, including a 50MW installation in Hampshire, due for completion later this year.
Steve Shine, executive chairman, said: “We have long recognised the potential and importance of battery storage for the UK’s energy mix and have invested heavily in making sure it is a commercially viable option for investors and commercial organisations alike.
“Having the ability to show how the figures stack up is crucial and has been a key differentiator for us. As the largest and most established provider in the country, we are in a unique position to analyse data from all our existing battery sites which we’ve combined with a comprehensive data set from energy market analysts Cornwall Insight.
“This has enabled us to create the most accurate modelling tool available, meaning we can predict whole life cost, IRR and long-term revenue streams – the numbers that really count. Our batteries are performing above specification and are delivering a strong economic return for our customers.”
Since powering up the country’s first utility scale unit back in September 2014, Anesco now has 29 operational sites, comprising of 76 individual battery units, providing a combined capacity of 87MW. With a healthy order book, the total capacity installed by the company is set to exceed 380MW by 2020.
Shine added: “Since introducing the country’s first utility scale unit, we’ve not only focused on making the technology a commercially-viable proposition, but have invested in research and development which looks towards the evolution of the sector.
“We remain the first and only company to offer retrofit co-location with existing solar farms and are the only UK company to achieve subsidy-free solar. Our experience, combined with this strong track record, puts us in a great position moving forward.”
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