NEWS COMMENTARY

Shell signs off-take deal with 100 MW storage facility in U.K.

Published:
February 20, 2020
Coverage:
Owning the Energy Transition More...
Activities:
Supply deal
by Patricia Seoane da Silva
Very important

This project consists of two 50 MW lithium battery units and is slated to become Europe's largest battery storage facility upon completion this year. Through this agreement, Shell has agreed to a multiyear off-take deal for the project, though neither the exact duration of the deal nor the financial details of the long-term power purchase agreement are known. The oil major did confirm that the batteries will be used for grid balancing and frequency response and that Shell's subsidiary Limejump – acquired in March 2019 – will optimize battery usage through its virtual power plant platform. This deal means another step forward for Shell, which is rapidly consolidating its distributed energy resource (DER) aggregation capabilities. 

For the original news article, click here .


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