Alphagen Renewables Agrees to New Flexible Power Purchase Agreement for its Landfill Gas Operations
Leading energy tech company Limejump has signed a new flexible Power Purchase Agreement with Alphagen Renewables, which develops and operates small to medium scale landfill gas to energy projects. Limejump will manage six of Alphagen Renewables’ operations in the UK, including the Docking Biogas plant in Norfolk, through its pioneering Virtual Power Platform (VPP).
Alphagen Renewables and its partner Albion Community Power operate the Docking Biogas microgeneration plant under a 20-year contract with Norfolk County Council.
Limejump’s PPA deal will provide Alphagen with wholesale energy market trading access, valued at £180,000 per year. It further strengthens Limejump’s renewable dominated VPP, allowing Limejump and its customers, like Alphagen, to compete against traditional fossil-fuel power plants, ensuring that distributed sources of renewable energy are a mainstay of the UK electricity system. It is this type of operation that recently enabled the UK to achieve its first coal-free week since before the Industrial Revolution.
Limejump’s machine learning Artificial Intelligence (AI) allows advanced forecasting to enable automatic trading of Alphagen’s six generation sites at the optimised time to provide the best return on its investment.
The type of PPA signed is a Limejump flexible Track ‘n’ Trade agreement which allows Alphagen to utilise market pricing information to ‘track’ the market and lock their price in at their optimum time. This methodology, developed by Limejump, can reward sophisticated trading and flexibility with higher returns whilst managing increasing price fluctuation risk.
Richard Tipping, Managing Director of Alphagen Renewables said: “Limejump’s experience in the wholesale market and the machine learning backed trading strategies that Limejump utilise are hugely beneficial for our size and type of business, helping us to maximise our return on our investment.”
Limejump’s Vice President of Sales, Joe McDonald said: “This latest PPA agreement, following our recent contracts with DHG Hydroand National Trust Wales, highlights our ability and flexibility to work with generation types and sizes across the full energy spectrum. “
“Limejump’s expertise in technology, energy management and energy trading are placing us at the heart of the UK’s energy transition to the greater decentralisation of the country’s energy system. Our Virtual Power Platform, alongside our flexible PPA offering, is helping Alphagen and a host of other smaller energy companies to compete and grow in this rapidly evolving market. This technology platform is proving that renewable energy sources can power the UK, not in 10 or 5 years, but now.”
For further information:
About Alphagen Renewables,visit www.alphagenrenewables.co.uk
This document has been prepared by Limejump and is provided to its recipient on no-reliance basis, free of charge and voluntarily. The data and analysis in this document is owned by Limejump, unless where stated otherwise. The recipient shall not distribute the document to people outside of its organisation. Whilst Limejump has taken reasonable care in preparing this document, no representation or warranty, either expressed or implied, is made as to the accuracy or completeness of the information that it contains. This document does not constitute professional advice, delivery of service or performance of a contractual obligation by Limejump. Parties using information in here should make their own enquiries and obtain independent verification as to its accuracy and suitability for the purpose for which they intend to use it. Neither Limejump nor any other companies in the Limejump group, shall be liable for any error or misstatement or opinion on which the recipient of this document relies and does not accept any responsibility for any costs, damages or losses which may be incurred as a result of the reliance, use or unlawful distribution of this document by its recipient.