Shell Energy Europe, via its Limejump subsidiary, will provide financial security for the Minety power storage project, declared to be Europe’s largest battery storage project, via an offtake agreement.
The two 50MW projects, due for completion later in 2020, are also backed by the China Huaneng Group and Chinese sovereign wealth fund CNIC.
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Limejump will be responsible for trading the power from the Minety facility.
The company’s virtual power platform (VPP) has over 1GW of flexible capacity in renewables, storage and demand response.
David Wells, vice president of Shell Energy Europe, said: “Projects like this will be vital for balancing the UK’s electricity demand and supply as wind and solar power play bigger roles in powering our lives,”
“Batteries are uniquely suited to optimising power supplies as the UK moves towards net-zero carbon system.”
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