UK-based Gresham House Energy Storage Fund has sealed the deal on its latest battery optimisation agreement.
Battery asset optimisation firm Habitat Energy is to optimise 74MW of Gresham’s assets through its PowerIQ platform.
The three assets are to be optimised across the wholesale markets, with Habitat using an algorithmic and machine learning approach. The degradation of the batteries is also to be “carefully managed” to extend their useful life.
Habitat’s proprietary software is capable of real-time trading, forecasting and asset modelling to enable participation in wholesale, balancing and ancillary services markets.
The 49MW Red Scar battery forms part of the agreement, as does a 20MW and 5MW site in Whiltshire and Wolverhampton respectively. Read more…