ContourGlobal has acquired the 500MW/2GW-hour (GWh) Wallace battery power storage challenge in Ayr, Scotland, from New Vitality Partnership, marking its first transfer into the UK.
Wallace is alleged to be one in every of Scotland’s largest battery power storage techniques (BESS) developments at the moment beneath approach.
The ability provides 4 hours of power storage, permitting it to soak up energy in periods of extra renewable era and discharge electrical energy to the grid when extra flexibility is required.
The positioning is positioned behind key transmission constraint boundaries, positioning it to assist grid balancing in opposition to the area’s substantial wind era surplus.
ContourGlobal mentioned the addition would be the largest BESS challenge in its portfolio when it comes to power storage capability.
Final month, the corporate commissioned a hybrid asset in Chile combining 200MW and 1.3GWh BESS.
It is usually planning to start building on a 360MW/1.4GWh hybrid solar-plus-storage challenge in Arizona, US, within the coming months.
The Scottish challenge has full planning consent, a land choice secured and has obtained Gate 2 standing beneath the UK grid connection reform course of.
It’s anticipated to participate in upcoming UK Capability Market auctions and take part in contracted and service provider preparations, consistent with market curiosity for tolling and route-to-market choices.
The area’s surplus renewable era, cooler local weather and rising demand for digital infrastructure are anticipated to drive additional demand for initiatives that allow grid stability and assist scale back curtailment of unpolluted power.
ContourGlobal CEO Antonio Cammisecra mentioned: “Coming into the UK is a key step in our technique to turn out to be a number one unbiased energy producer in renewables and power storage.
“The UK combines a world-class regulatory setting, a deep and liquid power market, and a crucial and rising want for versatile storage belongings to assist the mixing of its wind era capability.
“Scotland, particularly, provides a compelling alternative: the area produces a major surplus of renewable power that faces grid constraints in reaching demand centres additional south, and large-scale battery storage is vital to unlocking that worth.
“We’re proud so as to add the UK to our rising portfolio, and we count on to considerably broaden our presence with a diversified pipeline of improvement alternatives in renewable era and power storage.”
ContourGlobal, an unbiased energy producer, was acquired by US private equity agency KKR in 2022 in an all-cash deal valued at £1.75bn ($2.18bn).
“ContourGlobal acquires 500MW/2GWh BESS in Scotland” was initially created and revealed by Power Technologya GlobalData owned model.
