EDF agrees battery storage optimisation deal

After agreeing a contract with battery storage investor, Gresham House, EDF Energy is to optimise a 20MW storage project.

The agreement will also see EDF oversee 4MW of generation assets alongside its technology partner, Upside Energy. Use of ancillary services, load shifting and wholesale markets will be optimised for revenue, making use of the EDF’s PowerShfit platform.

Lead Fund Manager at Gresham House, Ben Guest, said: “Asset optimisation is the largest contributor to revenues and through this partnership with EDF Energy we are able to broaden our revenue stack and provide our investors with certainty despite the shifting regulatory environment.”

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