EDF and Zenobe announce agreement to optimise one of Europe’s largest batteries
Zenobe, the UK’s leading independent owner and operator of battery storage, has selected EDF as the company’s trading and optimisation partner for a new 100MW battery. The battery will be located at Capenhurst, near Chester, and will be the largest transmission-connected battery storage project in Europe. The announcement of this partnership follows several months of cooperation between the two teams working on the project.
Zenobe and EDF are among the main players in this sector; Zenobe currently has 175MW of operational grid-scale battery capacity and is on track to have 1GW of battery storage by 2026; EDF has now contracted 490MW battery storage under optimisation.
The long-term agreement will see EDF optimise the battery through its market leading trading platform. It will mean EDF opening access to a variety of revenue streams for this asset, including ancillary services such as Dynamic Containment, balancing mechanism and wholesale optimisation, leveraging EDF’s industry-leading trading expertise. EDF will also provide a floor price ensuring minimum income levels are protected.
Stuart Fenner, Head of Energy Trading Services at EDF said: “We are very pleased that the team at Zenobe have chosen EDF as their trading and optimisation partner on this pioneering battery project and we are committed to expanding our partnership with Zenobe in the future. As a leading battery optimisation services provider, with a wealth of experience in this space, we have been able to offer a long-term deal which will provide Zenobe with optimal revenues and the reassurance of a floor price. This partnership will provide essential flexibility to the energy system and reinforces EDF’s commitment to helping Britain achieve net zero.”
James Basden, Co-Founder and Director at Zenobe added: “This is an incredibly exciting project, not just for Zenobe but for the UK. It has been commissioned as a direct response to the National Grid’s pathfinder programme and is a great example of the pioneering solutions businesses like ours can bring to the table when industry innovation is encouraged by up-to-date legislation. The EDF team delivers leading trading and optimisation services and bring a wealth of energy industry experience, providing valuable expertise on the market and industry regulation. Battery projects like this one will be essential in balancing the grid and enabling Britain to reach its climate goals.”
For more information contact:
EDF Media Team
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Notes to editors
EDF is helping Britain achieve Net Zero by leading the transition to a cleaner, low emission electric future and tackling climate change. It is the UK’s largest producer of low-carbon electricity, meeting around one-fifth of the country’s demand and supplying millions of customers with electricity and gas.
It generates low carbon electricity from eight nuclear power stations, more than thirty onshore wind farms and two offshore wind farms, and operates one of Britain’s biggest battery storage units, one gas and one coal power station, EV charge-points, and combined heat and power plants.
EDF is leading the UK's nuclear renaissance with the construction of a new nuclear power station at Hinkley Point C, and plans for new power stations at Sizewell C in Suffolk and Bradwell B in Essex. Hinkley Point C will provide low carbon electricity to meet 7% of UK demand. The project is already making a positive impact on the local and national economy as well as boosting skills and education.
EDF also invests in a range of low carbon technologies including renewables, solar and battery storage. The company’s largest offshore wind farm is currently being built in Scotland and the 450 MW Neart na Gaoithe project will be ready in 2023. It is applying research and development expertise to improve the performance of existing generation and developing the potential of new technologies.
EDF is helping its customers, both in business and at home, take their first steps to sustainably powering their lives. Whether it is buying an electric car, generating and storing electricity or selling energy back to the grid. EDF is one of the largest suppliers to British business and a leading supplier of innovative energy solutions that are helping businesses become more energy independent. In addition, the company’s energy services business, Imtech, is one of the largest technical service providers in the UK and Ireland.
EDF is part of EDF Group, the world’s biggest electricity generator. In the UK, the company employs around 13,000 people at locations across England and Scotland.
About Zenobe Energy Ltd. (Zenobe):
Zenobe Energy is one of the largest independent owners and operators of battery storage with c. 175MW of contracted storage assets, around 20% market share of the EV bus sector, its own proprietary software and a large portfolio of projects in the pipeline. Zenobe provides intelligent flexible power solutions to commercial EV fleet operators, utilities and industrial and commercial businesses. The company’s battery storage services help clients manage power more effectively so they can lower costs, improve resilience and reduce their environmental impact.