Sembcorp bags 150MW UK battery contract
- 15-year contract safeguarded in provisional results for the T-4 2025/26 Capacity Market auction
Sembcorp Energy UK (SEUK) has actually secured a contract for 150MW of two-hour duration battery storage in the provisionary results for the current Capacity Market auction.
SEUK has actually won a 15-year contract for the 150MW/300 megawatt-hour battery in the T-4 2025/26 Capacity Market auction, which is slated to end up being functional by 2023.
The 150MW tranche is part of a scheduled total 360MW battery energy storage system announced in December 2021.
Including in its existing 120MWh battery pipeline, SEUK will certainly have an overall battery capacity of 420MWh in the UK.
Batteries can supply power as well as various other services to the nationwide grid within a couple of nanoseconds, giving a safe and secure and secure energy system that will certainly aid the UK's low-carbon shift.
Sembcorp Industries UK and Middle East chief executive Andy Koss claimed: "SEUK's battery portfolio development will certainly assist make sure the resilience of the electrical energy network that will allow the continued development of renewables as well as aid the UK decarbonise."
This announcement is not anticipated to have a product influence on the earnings per share and web possession value per share of Sembcorp Industries for the fiscal year finishing 31 December 2022.
