Battery storage PPA & Optimisation

Statkraft provides market access and trading optimization for over 68 MW of stand-alone battery energy storage projects in counties Dublin and Monaghan in Ireland. The assets are being developed by RWE.

Statkraft will help to maximise the value achieved from the battery storage projects by providing overall market access and trading optimisation services. Through a combination of advanced algorithmic trading, with 24/7 expert ‘human’ trader supervision, Statkraft’s UNITY platform ensures that the storage flexibility from the sites is deployed and traded into the right markets at the right time. This can be DS3 System Services or the wholesale energy markets, to support the balancing of the system at peak times.

Statkraft’s services not only help capture the most value today but also help reduce risk and mitigate the impacts of any future changes in DS3 Services for RWE.

Statkraft manages 100 MW of battery energy storage projects in Northern Ireland on behalf of Gore Street Energy Storage Fund.

The two 50 MW projects, as of March 2021 the largest energy storage projects in Northern Ireland, were developed jointly by Gore Street and investment and asset-management company, Low Carbon, and energised in December 2020. Battery projects like the Gore Street assets help to maintain system stability by providing system services, which involves rapid power injection or absorption within milli-seconds helping to accommodating greater levels of renewable energy into the grid. Thus, they support Northern Ireland’s transition to a low-carbon electricity system.

They will also be able to trade in the wholesale energy markets alongside provision of system services, using Statkraft’s automated trading platform, UNITY. Statkraft will provide overall market access and trading optimisation services for the assets, helping to manage the projects in the integrated single electricity market and maximise the value achieved across a range of services.