Limejump starts optimising Europe’s largest battery
Press Release
Europe’s largest battery storage project, the 100-megawatt system in Minety in Wiltshire, south west England, is now fully operational. Controlled and optimised by Shell-owned Limejump, the battery will help balance the UK’s electricity demand, with the capacity to provide electricity for up to 10,000 homes in a 24-hour period before being recharged.
The Minety project, consisting of two 50-megawatt batteries, was developed by Penso Power and funded by China Huaneng Group and CNIC Corporation. Shell and Limejump structured a deal offering revenue certainty for multiple years via the strong backing of Shell’s offtaking capabilities whilst maximising revenues with Limejump’s tech-led battery optimisation and trading skill set. This is pivotal for battery storage developers as there is a high degree of uncertainty in UK power markets.
The Minety scheme is now the largest battery within National Grid ESO’s Dynamic Containment market, which was set up last year to deal with sudden frequency issues through grid balancing.
Catherine Newman, CEO of Limejump said: “Delivering the Minety project during Covid has been an amazing team effort, and with our colleagues at Shell, we can now focus on optimising Minety’s performance and supporting National Grid ESO.”
“This battery scheme will play a pivotal role in balancing the supply and demand, especially as we continue to successfully integrate more and more renewable energy nationwide. More batteries will be needed to add that extra boost of energy when the sun or wind are not out in force. We all want a greener and cleaner future and batteries are a key enabler for this.”
Limejump, the first company to optimise a battery in the Balancing Mechanism (in 2018) and with 38,000+ hours of optimisation experience (since 2016), will optimise the Minety 100MW battery in the market that offers the best returns for Penso Power, including but not limited to Dynamic Containment, FFR and the Capacity Market.
For further information:
James Forrest, Marketing Manager @Limejump
07879772184
james.forrest@limejump.com
Paul Taylor, Taylor Keogh Communications
paul@taylorkeogh.com
About Limejump – www.limejump.com
Limejump, UK’s award-winning energy-tech platform, provides renewable generators, peaking assets and battery storage devices a route to grid balancing and power trading markets that were once dominated by large generators. Through sophisticated and transparent Power Purchase Agreement (PPA) products and an agile 24/7 trading team, Limejump maximises customers revenue whilst also supporting the grid with much needed flexibility. Our platform analyses millions of data points in real time to intelligently dispatch renewable generators, peaking assets and battery storage devices into the right ancillary or wholesale markets, at the right time.
Limejump, part of the Shell Group, is on a mission to deliver 100% renewable energy, accelerating the UK’s transition to net zero by harnessing big data and renewable technology.