EDF to optimize 59MW Zenobe portfolio

Jun 15, 2020 03:03 PM ET
  • Zenobe has actually authorized an optimization agreement with EDF for 59MW of battery storage space.
EDF to optimize 59MW Zenobe portfolio
Image: Zenobe

EDF is to trade and also optimize the portfolio, which contains Zenobe's assets in Claredown, Aylesford and also Kings Barn. The partnership-- which also includes contracts for supply and also offtake of energy - is readied to prolong Zenobe's access to the wholesale market and balancing system (BM).

EDF is to supply Zenobe with a flooring rate, with the offer enabling Zenobe to work collaboratively with EDF's trading team and choose asset trading techniques.

Stuart Fenner, commerical lead at EDF stated the firm is "identified to play a major function in this market".

" This deal with one of the leading owner-operators in the UK shows the strength of both our trading team's know-how as well as our industrial scale as an organisation which has actually enabled us to develop a truly innovative bargain for Zenobe."

EDF has some experience in the optimization of battery storage space assets, having authorized take care of Gresham House as well as Anesco. The arrangement with the latter was heralded as the very first instance of a guaranteed flooring price for storage.

EDF additionally purchased battery storage space as well as electric automobile billing business Pivot Power last November, along with protecting a deal to give solar, battery storage as well as various other clean power innovations to a future UK theme park, London Resort.

Zenobe, at the same time, just recently mounted 2MW of battery storage space for United Utilities. The business recieved ₤ 25 million in funding from Santander last year to target behind-the-meter services as well as construction of new utility-scale jobs.

Steven Meersman, creator of Zenobe, said the handle EDF provides the business "a great deal of optionality".

"We can remain to improve our market leading bidding capacity for stabilizing solutions and leverage EDF's superior trading group through their Powershift trading platform to boost revenue. It permits us to maintain overall control on alloting the properties for optimum benefit," he added.

Solar Installers, Manufacturers