A battery storage unit in Derbyshire has become the first asset of its kind to supply electricity to the National Grid’s Balancing Mechanism.
Breach Farm, a 10MW battery storage site in Derbyshire, has participated in the scheme as part of a virtual power plant, overseen by aggregator Limejump.
According to Steve Shine, Executive Chairman at developers Anesco, the site’s entry into the Balancing Mechanism signals a major step forward for the industry and will further fuel the growing appetite for investment.
He said: “By entering our storage assets into the Grid Balancing Mechanism, the door has been opened to additional revenue streams for investors and further validates the opportunity that battery storage provides.
“It’s a major step forward for the industry, with the Balancing Mechanism market offering frequent instances of profitable spreads for batteries to take advantage of.
“In addition, it removes much of the risk that suppliers face from uncertain system prices.”