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.
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.
Energy tech leader Limejump has enjoyed further FFR auction success, highlighting the increasing role flexible energy sources have to play in the UK energy markets. Limejump was selected to provide 49MW of the total 53MW selected in the Fully Dynamic FFR Tender, 92% of the total Dynamic volume awarded in the latest auction.
Limejump Dominates FFR Auction Results, Claiming 84% of the Fully Dynamic Volume Awarded in October’s Tender
Limejump’s success in National Grid’s most recent auction continues to provide distributed sources of energy generation with access to potentially revenue-generating markets. These encouraging results illustrate that renewable generation not only creates a better environment, it also provides business opportunities for developers to achieve ROI.
Energy markets have undergone significant changes in just a few years. Gone are the days when the country relied on large power plants to supply energy to households. Just ten years ago, coal-fired power plants supplied 34% of the UK’s electricity. But this has plummeted to just 6.7% in 2017, as the government’s pledge to force unabated coal power off the UK grid by 2025 bites. Generation from renewable sources meanwhile hit 29%.
Erik Nygard, CEO & Co-founder of LimejumpAt 16:23 on the 9th August 2018, a quiet revolution took place in the UK electricity market. A small team of disruptors at the Limejump offices in London supported by the full team of 50 people who have tirelessly worked towards this point over the last year crossed a finish line.
Anesco’s Breach Farm becomes first battery storage site to supply electricity to UK Balancing Mechanism
In a ground-breaking move for the UK’s renewables industry, a battery storage unit developed by Anesco has officially become the first battery storage asset to supply electricity to National Grid’s Balancing Mechanism.
It's been a big week here at Limejump so far and we have another surprise for you. A visual look at out Virtual Power Plant.
Limejump enters the UK Balancing Mechanism Market increasing competition with the Big 6 and other major power plants
Smaller generators, Demand Response Sites and Battery Storage can now access the National Grid Balancing Mechanism market through Limejump’s advanced technology.
Following the latest Firm Frequency Response (FFR) tender results, Limejump has been awarded 89MW of the total contracted National Grid Volume.