Octopus Energy deal with Gresham House Energy Storage
Posted: Wed Jun 05, 2024 7:02 pm
Interesting snippet about Octopus Energy buying two years of battery storage capacity from Gresham House Energy Storage.
https://www.ii.co.uk/news/tolling-agree ... 06_5210690
"The fixed-price contracts with Octopus secure revenues for GRID [Gresham House Energy Storage] at levels which, for the time being, are above those currently being achieved from the merchant revenue stack available in the national wholesale and balancing markets. They demonstrate the value batteries offer in balancing the supply (power generation) and customer demand that are managed by retail and wholesale market players, in addition to balancing supply and demand at a national level."
https://www.ii.co.uk/news/tolling-agree ... 06_5210690
"The fixed-price contracts with Octopus secure revenues for GRID [Gresham House Energy Storage] at levels which, for the time being, are above those currently being achieved from the merchant revenue stack available in the national wholesale and balancing markets. They demonstrate the value batteries offer in balancing the supply (power generation) and customer demand that are managed by retail and wholesale market players, in addition to balancing supply and demand at a national level."