In Part 2 of this Limejump report, our trading team takes a look at the various markets we participate in and the combined influences that shape these. Our Traders have identified a number of trends throughout the quarter to develop our market view. In this instalment, we focus on the Balancing Mechanism and ancillary markets.
In Part 1 of our new Limejump Quarterly report, our trading team takes a look at the various markets we participate in and the combined influences that shape these. Our Traders have identified a number of trends throughout the quarter to develop our market view. These evolving trends and insights will be influential for our asset optimisation strategies throughout the remainder of 2019.
National Trust’s Gelli Iago Hydro Plant in Snowdonia added to Limejump's Virtual Power Platform. Limejump, the energy tech leader, has secured its first Power Purchase Agreement with the National Trust. The 45kW Gelli lago hydro scheme, located in Snowdonia (North Wales), will become a part of Limejump's award-winning Virtual Power Platform (VPP).
Each week, we take a look at the week in flexibility trading that has just been, and a look at what's next. Enjoy our latest instalment. Last week kicked off with a lower than seasonal System Price of £48.65/MWh coupled with rising wind generation – a steady 3GW across the day before a peak of 5GW before bedtime, which helped meet the evening peak demand.
Energy tech company, Limejump, has added another major renewable asset to its pioneering Virtual Power Platform (VPP) by signing a Power Purchase Agreement with DHG Hydro Ltd (DHG) / Canaird River Company Limited.
After a benign week at the end of March, the start of April last week delivered significant interest to the balancing mechanism. Tuesday gave us a morning with swings of up to £40 as the country got ready for work.
BusinessGreen, one of the UK's leading energy publications and web news sources has announced the finalists for their 2019 BusinessGreen Leaders awards.
With energy markets requiring ever more complex strategies to derive revenue, Power Purchase Agreements still provide the clearest methodology for trading energy to create a return from renewable resources. However, trading intelligently means taking advantage of inherent market volatility.
Limejump is honoured to be shortlisted in 4 different categories at the 2019 Renewable Energy Awards, recognising the position Limejump has developed for renewable resources through the Limejump Virtual Power Platform.
The Week in Flexibility: Solar up, wind down, coal closing and a negative weekend …. another unpredictable seven days.
Our biggest news of the week comes from this weekend’s events. In a first of a kind scenario, the System Price dropped to -£50 for settlement period 21 (about the time you were relaxing with the Sunday papers) and remained negative until 4:30 pm resulting in an average System Price of just 6.29 for the whole day.
Latest FFR Auction Results: Limejump Secures 34% of the March FFR Dynamic Tender Auction, Including Contracts for both Balancing and FFR Volume
Limejump has continued its FFR tender dominance, securing 33MW of the 112MW total volume secured in the auction. This success provides Limejump customers with increased market access.
Welcome to our new weekly blog taking a look at frequency balancing activity. Each week we’ll share our view on the week just past and a look at what's next, so keep an eye on our blog for the latest instalment.
It’s my pleasure to announce that we have reached an agreement for Shell to purchase Limejump in a deal that will enable both companies to accelerate the UK’s energy systems transition to a zero-carbon and cleaner future.
Limejump welcomes its acquisition by Shell London, February 27, 2019 Shell* has agreed to acquire Limejump Ltd, a UK based energy technology company. With this deal Limejump’s technology and management team will enable both companies to continue to take steps to support the UK energy system’s transition to a lower carbon future.
Joe McDonald, Vice President of Sales at Limejump has been recognised for his commercial acumen in the fourth Forbes 30 Under 30 2019 award selection for Europe.
Limejump secures the majority of the fully Dynamic Volume awarded in the January month ahead tender, continuing their dominant trend in FFR Auctions
Limejump’s success, with 57% of the fully Dynamic volume awarded, provided contracts for all units bid.
Erik Nygard, CEO & Co-Founder and the Limejump team Last year’s report “Global Warming of 1.5C” by the UN's Intergovernmental Panel on Climate Change highlighted the severe impact of inactivity towards tackling climate change
Limejump has achieved a new milestone for their Virtual Power Platform (VPP) as the energy tech leader begins supplying electricity to power Philip Dennis Foodservice food storage infrastructure.