Norway’s Statkraft has announced a commercial partnership with flow machine specialist has redT to provide a fully financed commercial solar and storage solution with 100% renewable energy for businesses in the UK.
The move is being claimed as the first of its kind in the UK, and will potentially save business customers up to 20% on their bills over the next quarter-century.
Their initial goal is for the partnership to produce 10MW of solar and 6MWh of energy storage, with a planned scaling to 100MW of solar and 60MWh of storage over a three-year ramp up.
Statkraft will enter into a long-term corporate power purchase agreement (PPA) along with a 100% renewable supply deal from Statkraft’s Bryt Energy subsidiary for the remaining capacity required from the grid.
Solar panels will be mated with flow machines from redT, whilst the utility will also look to incorporate them into their virtual power plant (VPP) adding new flexibility optimisation opportunities.
Andy Cooper, head of UK Downstream for Statkraft said: “We are excited to be working with redT energy to provide an attractive combination of renewable energy and long duration energy storage for our customers – we believe our funded solution really enables customers to take advantage of more zero carbon renewable energy, matching it to when it is needed most.
“The partnership with redT enables Statkraft and Bryt Energy to offer additional options that will benefit customers, incorporating storage, renewable energy solutions, advanced asset optimisation and trading within a VPP.”