Harmony Energy and also TagEnergy to create 100MW of battery storage projects

• Harmony Energy has partnered with worldwide clean energy group TagEnergy for 2 grid-scale battery energy storage projects in England and also Scotland.

As part of the pair's joint venture (JV) the two will develop standalone battery energy storage system (BESS) projects, in Chapel Farm near the community of Luton in southerly England and also Jamesfield Farm near Abernethy, Scotland.

Both will utilize Tesla's Megapack multi-megawatt BESS technology and be onboarded to the Tesla Autobidder AI profits optimization software system.

Chapel Farm will be a 49.5 MW/ 99MWh BESS and Jamesfield Farm 49MW/ 98MWh. Construction is anticipated to start on both in the initial quarter of following year, for appointing early in 2023.

According to a press release, both projects stand for a combined investment of almost ₤ 60 million and also will certainly be used to provide flexibility services to the grid.

Programmer Harmony Energy built its very first UK battery project in 2019, having previously created wind power projects and also having actually given that diversified into solar PV. It introduced its first solar site in October 2020, a 30MW advancement near Driffield, East Riding of Yorkshire.

The business has actually likewise worked with the likes of Fotowatio Renewable Ventures, with which it is currently constructing a 99MW/ 198MWh project in southern England.

Harmony recently raised ₤ 186.5 million with an IPO, which it claimed would certainly help fund a rollout of a portfolio of projects utilizing the Tesla Megapack as well as Autobidder combination, starting with a seed portfolio of 213.5 MW/ 427MWh across five projects. The IPO was carried out with an investment fund set up by the UK company, called Harmony Energy Income Trust.

Harmony Energy chief executive officer Peter Kavanagh stated the deal with TagEnergy has been in arrangement given that January of this year and stands for the last standalone battery transaction that will certainly be done outside of Harmony Energy Income Trust.

On the other hand the two projects mark TagEnergy's 3rd financial investment into UK battery storage given that entering the marketplace this year, and also bringing its protected portfolio of possessions to 170MW/ 340MWh. The business is a subsidiary of producing group Impala SAS, possessed by French businessman and also entrepreneur Jacques Veyrat.

"It's commonly acknowledged that battery storage is important to attaining web zero in the UK and projects of this size-- delivered without subsidies-- will certainly be important in giving flexibility to the grid," Harmony Energy's Kavanagh claimed.

In August, Solar Media Market Research highlighted that the UK had 1.3 GW of functional battery storage ability and also a pipeline of greater than 800 projects in advancement, going beyond 20GW.