Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy and a leading global developer of renewable energy projects, has announced its first battery project as a part of its long-term investment plan to develop energy storage projects globally.
The plan includes long-term investments in battery energy storage projects that play a central role in the market, supporting the increasing penetration of renewables in the global energy mix.
FRV’s first battery energy storage project is located at Holes Bay, in Dorset, United Kingdom, in collaboration with the British developer Harmony Energy, which builds, owns and operates renewable energy assets across the UK.
The Holes Bay project will be comprised of lithium-ion batteries with a combined capacity of 15 MWh, connected to the Southern Electric Power distribution network, with the capability to store energy and provide flexibility to the grid.
Holes Bay will be a first-of-a-kind development in the UK and Europe, utilising cutting-edge control and storage technologies. Construction will start in January 2020, with commissioning expected within three months, for what will be one of the largest battery energy storage systems in the South of England.
Harmony Energy, with the backing of FRV, has also conditionally pre-qualified 300 MW of new battery energy storage systems in the UK Capacity Market, with this pre-qualified capacity making up 16% of the total 1.8 GW battery energy capacity. The UK has been a pioneer in deploying these systems in a competitive and open market, creating perfect conditions for integrators, developers and investors to embrace the benefits of incorporating these clean technologies into the energy mix. FRV believes investing in low-carbon initiatives in the United Kingdom is essential to support the Country´s ambitious 2030/50 decarbonisation targets and believes battery energy storage will provide the capacity and flexibility National Grid needs.
Felipe Hernandez, Managing Director Engineering and Asset Management of FRV, notes: “FRV is already collaborating with governments, regulators, and partners around the world to lay the foundations for a new energy model. Energy storage plays a central and critical role to fully realise the power of renewable energy, and FRV acknowledges the value of this technology as a key element to achieve a decarbonised society.”
“The Holes Bay project will be the first in a strategic energy storage pipeline to be launched both globally and within the UK. We are pleased to join efforts together with Harmony Energy, demonstrating the economic and technical feasibility of the battery energy storage system.”
Peter Kavanagh, CEO of Harmony Energy, said “This is a hugely significant project for Harmony, because it is the first in a large pipeline of utility-scale battery storage plants in the UK, and we’re looking forward to working with FRV to bring Holes Bay forward in the new year”.
“Wind and solar projects remain key but battery storage is the missing link in the UK’s renewable energy strategy, both in terms of controlling grid frequency and providing backup during periods of peak demand and supply. We have over 500 MW of battery energy storage assets construction-ready and with the backing of FRV, we have also pre-qualified 300 MW of new battery energy storage systems into the UK’s Capacity Market. It’s a critical time for battery energy storage in the UK and we are pleased to be at the forefront of development.”
Fady Jameel, Deputy President and Vice Chairman, Abdul Latif Jameel International, further commented: “Abdul Latif Jameel Energy, through our pioneering renewables operation FRV, continues to advance a sustainable energy future through innovation and strategic partnerships, progressing the economic viability of renewables and eventually arresting the impacts of climate change. We are proud to partner with Harmony Energy and be part of the ground-breaking development of the UK’s strategic sustainable energy programme.”
With many industries prospering within the region, the Middle East stands at the forefront of modern business and remains one of the most powerful and influential corporate landscapes in the world.Visit our awards here
MEA Markets are proud to present the return of the UAE Business Awards for the seventh consecutive year. With these awards we look to honour the enterprises and individuals that innovate and inspire growth and development within UAE. These businesses and individuals are the ones who have helped establish the Middle East as a global knowledge base and a principal destination for new initiatives.Visit our awards here