Statkraft is to provide market access and trading optimisation for battery storage assets being developed by RWE in Ireland.
The battery storage assets – with a collective capacity of over 68MW – are to provide rapid frequency response and reserves to the national electricity grid in the event of a sudden drop off in generation or supply, as part of Irish transmission operator EirGrid’s DS3 system services programme.
Statkraft has its own battery storage contracted with EirGrid though the DS3 flexibility market, completing its 11MW project in January 2020.
The company is to also trade RWE’s battery storage assets – located in the Dublin and Monaghan counties – in the wholesale energy markets.
Nick Heyward, head of energy storage for Statkraft, explained that a combination of advanced algorithmic trading, 24/7 expert trader supervision and the company’s automated trading platform UNITY ensures flexibility is deployed and traded “in the right markets at the right time”.
This could be in DS3 – which Heyward said is most valuable at times of…