The Anonymous Widower

Gresham House Unveils 45-MW Battery Storage Purchase

The title of this post, is the same as that of this article on Renewables Now.

This is the introductory paragraph.

Gresham House Energy Storage Fund plc (LON:GRID) has acquired a 45-MW portfolio of battery storage systems in England, growing its operational fleet to 395 MW.

Gresham House are certainly growing.

As a Control Engineer and mathematical modeller, I certainly like what they are doing.

Modelling the cash-flow and earnings from all these batteries are is one of the sort of multi-variable problems, that I cut my teeth on, in early 1970s.

If I was starting out on my own now, as I did in 1972, Gresham House would be one of the companies I’d approach.

Their latest purchase is interesting in that it includes a 35 MW battery with a twelve year control to load balance for the National Grid.

There must also be a business model emerging for the developers of energy storage.

  • Design and build an energy storage system to satisfy a company or local area’s need.
  • Show it is working successfully for a period of time.
  • Add a nice lucrative contract if you can!

The whole setup is then sold to someone like Gresham House.

At present, Gresham House has a portfolio, which is all lithium-ion storage. I don’t think, it will be a long time before other types of storage are added.

February 2, 2021 - Posted by | Energy, Energy Storage | , ,

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