Skip to main content
Menu
Zenobe’s operational battery asset in Aylesford

EDF and Zenobe announce battery trading deal

By EDF | Posted June 15, 2020

Zenobe Energy has partnered with EDF to trade and optimise 59MW of its grid scale battery portfolio. Consisting of Zenobe’s already operational battery assets in Claredown, Aylesford and Kings Barn, this new partnership with EDF will further extend Zenobe’s access to the wholesale market and balancing mechanism by utilising EDF’s industry leading trading expertise. The deal also includes contracts for supply and offtake of energy.

The two companies will work together to maximise return on investments. The deal enables Zenobe to work collaboratively with EDF’s trading team and select asset trading strategies in line with fast evolving market conditions. EDF will provide Zenobe with a floor price ensuring minimum income levels are protected.

Zenobe’s founder director Steven Meersman said: “This structure offers us a great deal of optionality. We can continue to build on our market leading bidding capability for balancing services and leverage EDF’s outstanding trading team through their Powershift trading platform to enhance revenue. It allows us to retain overall control on allocating the assets for maximum benefit. We’ve been impressed by the EDF team’s ability to respond to the commercial needs of an owner-operator such as ourselves with a really flexible, innovative deal structure.”

Stuart Fenner, Commercial lead at EDF added “We are determined to play a major role in this market. This deal with one of the leading owner-operators in the UK demonstrates the strength of both our trading team’s expertise and our commercial scale as an organisation which has enabled us to develop a truly innovative deal for Zenobe. We’re a key player in the distributed energy asset management sector in Europe and we intend to build on this success as we grow our UK portfolio.”

For more information

EDF Media Team
24-hour press line: +44 (0)1452 652233
media@edfenergy.com

Related articles

April 12, 2024

EDF creating 20 apprenticeships to drive advanced skills and invest in staff

EDF has launched new training to its staff through a Data Academy, creating 20 apprenticeships including up to degree level. 
Woman and young girl looking out of a window.
April 09, 2024

Two years on and still just over half of British homes only meet insulation standards of the 1970s or earlier

A new study of over 21 million homes revealed that millions still only meet insulation standards of 1976 or earlier, potentially costing their owners hundreds of pounds in wasted energy.
April 03, 2024

Customers urged to consider fixed tariff as price cap forecast to rise in Autumn 2024

EDF is recommending customers check its market-leading energy-only tariff, which is being withdrawn from sale this Thursday, following updated projections for how the energy price cap will rise in Autumn 2024.