As we continue to place supporting the transition to a low carbon economy at the heart of our strategic plans, we are pleased to announce a significant new addition to our portfolio. Our move into the battery storage arena has been consolidated with the acquisition of a 44MW operational battery asset near Bedford, an asset that will enhance our growing organic battery pipeline of 250MW.
“Battery storage has a growing role to play in supporting the grid network and creating future-fit power infrastructure for the UK,” said Steven Hardman, Managing Director. “This exciting acquisition reflects our vision for Conrad Energy as a full-service power solutions provider, leveraging the expertise of our growing team to support both the grid as well as commercial and industrial customers. Storage projects complement our flexible generation fleet as both provide essential support for increasing levels of renewable power.”
The site in Bedford has recently introduced Dynamic Containment (DC), a system designed to deploy energy quickly following any significant changes in frequency deviation. DC was introduced to the UK in October 2020 and only 12 companies have been appointed by the National Grid to provide this type of energy service due to its complex technical and reporting requirements.
Our new battery asset will provide immediate revenue and we anticipate making further targeted acquisitions and placing equipment orders in the coming weeks.
As we continue to diversify, we are providing route to market services for a growing list of renewable and storage assets. We also supply commercial and industrial customers with flexible energy solutions from onsite generation as well as competitive and tailored supply contracts.
We are also preparing to submit a planning application for our first large solar project.