Flexitricity has signed an optimisation agreement with leading independent power producer Low Carbon for a co-located with existing solar farms site. The agreement will see Flexitricity optimise the 20MW Fern Brook BESS site across different markets.
Flexitricity use proprietary algorithms, including AI and Machine Learning models, with the aim of maximising returns while maintaining asset longevity. Incorporating accurate solar generation forecasts will be essential to optimise the trading and dispatch decisions for each site.
With the first of the systems expected to come online in early 2025, the projects will help to support renewables deployment and bolster resilience by providing system flexibility and balancing services.
Andy Lowe, CEO at Flexitricity, said:
As we move into a period of increased market complexity, with a wider range of revenue streams available to BESS projects, selecting the right revenue optimisation partner is increasingly important. This agreement embodies a shared focus on innovation and sustainability which is underpinned by the sophistication and experience offered by Flexitricity and our rapidly growing virtual power plant of more than 1GW of combined assets.”
Head of Power Management at Low Carbon, Marco Verspuij, said:
“We are delighted to have signed optimisation agreements with Habitat Energy, who will act as a key partner supporting us on our journey to build renewable energy infrastructure at scale.”