Gresham House Energy Storage (GRID) has completed the acquisition of a 25MW battery project located in North Shields, Tyne and Wear (Tynemouth). Tynemouth follows GRID’s recent acquisitions of the 50MW Wickham and 50MW Thurcroft projects and was acquired from Enel Global Thermal Generation S.R.L.
Tynemouth is a battery-only site with circa 25MW export/import capacity and is connected to the distribution network. The project was commissioned in 2018 and generates availability-based contracted revenues from Enhanced Frequency Response services provided to National Grid.
Glassenbury portfolio project expansion
In addition, the construction of the 10MW expansion of the Glassenbury portfolio project in Kent, announced in February 2020, was recently completed and is expected to be commissioned by 31 January 2021. This extension is shown below as Glassenbury B and will increase the operational capacity at the site of the original Glassenbury project to 50MW.
|
Project |
Location |
MW |
|
Staunch |
Staffordshire |
20 |
|
Rufford |
Nottinghamshire |
7 |
|
Lockleaze |
Bristol |
15 |
|
Littlebrook |
Kent |
8 |
|
Roundponds |
Wiltshire |
20 |
|
Wolverhampton |
West Midlands |
5 |
|
Glassenbury |
Kent |
40 |
|
Cleator Moor |
Cumbria |
10 |
|
Red Scar |
Lancashire |
49 |
|
Bloxwich |
West Midlands |
41 |
|
Thurcroft |
South Yorkshire |
50 |
|
Wickham |
Suffolk |
50 |
|
Tynemouth |
Tyne and Wear |
25 |
|
Glassenbury B |
Kent |
10 |
GRID’s operational capacity set to reach 350MW following Glassenbury B commissioning
Following the commissioning of Glassenbury B, the total operational capacity of GRID’s investment portfolio will increase to 350MW, across 13 projects.
Ben Guest, GRID’s manager, noted: “We are delighted to have achieved these recent significant milestones. We have observed with great interest the recent wholesale power price short term spikes to above £1,000 per MWh. This has highlighted only too well the urgent need for more energy storage capacity in the UK. We are moving swiftly to deploy the £120m we raised in November into our near-term pipeline and look forward to updating shareholders on our continued progress.”
About GRID and utility-scale battery storage systems
GRID owns a portfolio of utility-scale operational energy storage systems (known as ESS) located in Great Britain. The portfolio has a total capacity of 350MW.
The utility-scale battery storage systems GRID invests in are the enabling infrastructure that will support the continued growth of renewable energy sources such as wind and solar, essential to the UK’s stated target to reduce carbon emissions. They store excess energy generated by renewable energy sources and then release that stored energy back into the grid during peak hours when there is increased demand for it.
GRID: Gresham House Energy Storage seals 25MW Tynemouth acquisition