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.
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.
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.
At the beginning of 2018, we sat in a small but energetic office in Waterloo. This space had been the breeding ground for many of the adventures we were about to execute in the year to come.