Anesco, the UK-based utility scale energy storage specialist, is on track to more than quadruple its operational battery portfolio by 2020, as demand for its services sees its order book swell to 380MW.
The renewables developer currently commands a 22% share of all operational utility scale storage units in the UK and 47% of the non-EFR capacity.
This figure is set to rise as Anesco gears up to add 380MW more capacity over the next three years. Several projects are currently under construction – including a 50MW installation in Hampshire, due for completion later this year.
According to Executive Chairman Steve Shine, Anesco’s unique ability to model lifetime revenue streams, opportunities presented by the balancing mechanism and growing demand for storage retrofit have all been major factors in the company’s growth.
“We have long recognised the potential and importance of battery storage for the UK’s energy mix and have invested heavily in making sure it is a commercially viable option for investors and commercial organisations alike,” he said.
“Having the ability to show how the figures stack up is crucial and has been a key differentiator for us. As the largest and most established provider in the country, we are in a unique position to analyse data from all our existing battery sites which we’ve combined with a comprehensive data set from energy market analysts Cornwall Insight.
“This has enabled us to create the most accurate modelling tool available, meaning we can predict whole life cost, IRR and long term revenue streams – the numbers that really count. Our batteries are performing above specification and are delivering a strong economic return for our customers.”
Since powering up the country’s first utility scale unit back in September 2014, Anesco now has 29 operational sites, comprising of 76 individual battery units, providing a combined capacity of 87MW. With a healthy order book, the total capacity installed by the company is set to exceed 380MW by 2020.