Limejump’s platform grows 25% in 2021 and passes the 1.5GW capacity mark
Press Release
Since the start of the year, Limejump’s power platform has grown 25% and for the first time, since the company was established in 2013, it has passed 1.5GW of capacity.
Limejump’s platform connects and optimises solar, wind, hydro, gas, anaerobic digestion, biomass, CHP energy from waste, batteries, and peaking assets, with a capacity capable of powering the equivalent of 3 million British homes.
So far this year, the company, a part of Shell’s Renewables & Energy Solutions division, has added more than 400MW of renewable generation to its portfolio, spread across over 200 different sites. These are primarily wind, solar, hydro and anaerobic digestion assets that have joined the Limejump platform via sophisticated Power Purchase Agreements. Limejump have had similar success in building their flexible asset portfolio, adding 70MW of much needed responsive battery storage and peaking assets to their platform. These new assets will be going live later this year and will be optimised in the full suite of wholesale markets and ancillary services.
Catherine Newman, Limejump’s Chief Executive: “We have had a great first half of the year. Our team has worked closely with renewable generators across the UK to enable them to take advantage of volatility in the energy markets. We have improved our operational performance further and our business has continued to grow.”
“Customers are drawn to Limejump’s track-record in combining human trading expertise with intelligent tech-led optimisation and forecasting – maximising revenues for customers of all sizes and tech types. But customers are also excited by our vision, joining us on our mission to optimise 100% renewable energy through a virtual grid in real time.”
Genna Boyle, Limejump’s Head of Renewables and Flexibility commenting on the market this year said: “Since January, the forward power market has grown unlike any other year in recent history, from £58/MWh to £98/MWh. The bullish momentum that we have seen in power prices this year has been predominantly driven by tight gas and carbon markets as well as an ever-changing UK power generation stack.”
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.