EDF & SWGT Join Hands for Battery Project Opimization
Leading independent battery storage asset manager in the UK SWGT have recently signed an innovative long-term battery optimisation agreement with EDF. The partnership will see SWGT’s 30MW utility scale battery storage asset optimised across a variety of grid flexibility schemes, as well as through EDF’s market leading trading platform, Powershift. The agreement will also provide income stability through the delivery of a ‘floor price’, ensuring minimum income levels are guaranteed. The agreement provides SWGT and their investors with certainty that they will achieve an attractive return and leverage EDF’s industry leading trading expertise to ensure access to all revenue streams available, including the wholesale market and grid services, such as Dynamic Containment. This new partnership brings the total amount of assets under optimisation by EDF to 255MW.
Coupling with its pipeline of more than 180MW, SWGT is becoming one of the UK’s largest independent battery storage asset owners, developers and operators. This project supports the growth of renewable energy sources by providing up to 65GWH of annual energy import and export capacity to the National Grid during its phase one development, that are critical to meeting the UK’s carbon emission reduction targets. In addition, with its 25-container market leading all-in-one Li-lon integrated battery storage solution, the project reduces energy transmission pressure and costs, and provides significant contribution to the future flexibility and grid stability.