Gresham House to acquire initial Scottish storage project

• The 30MW Byers Brae advancement is anticipated online in the second quarter of following year

Gresham House Energy Storage Fund has conditionally agreed to acquire a 30MW battery project in Scotland, its first in the country.

Byers Brae, which is located near Wester Dechmont in West Lothian, becomes part of the pipeline explained in the fund's program published on 10 November.

It is a battery-only website with concerning 30MW/30MW export/import capability which is currently expected to be commissioned in the second quarter of 2021.

The project is anticipated to generate profits primarily from asset optimization, wherein it imports and exports power to gain income from the wholesale market as well as the National Grid-administered Balancing Mechanism, together with frequency feedback services.

Byers Brae will be obtained from the developers Gresham House DevCo and also Noriker Power.

As soon as completed, the procurement will raise the complete capacity of functional utility-scale battery storage projects in the fund's financial investment portfolio to 345MW.

On top of that, the fund has a 25MW project in the advanced stages of due persistance, as well as soon anticipates to appoint a further 10MW of capacity at its Glassenbury project.

Fund manager and also head of Gresham House New Energy Ben Guest said: "Byers Brae is our very first project in Scotland as well as is anticipated to assist National Grid equilibrium wind generation in the north with power demand in the south.

" It lies at a factor between Edinburgh as well as Glasgow where physical constraints exist in the transmission system and also is as a result anticipated to gain from added income System Actions in the Balancing Mechanism."