Gresham House Energy Storage Fund has bought a 30MW battery storage project in Scotland for £15.6m (€18m).
The UK’s largest operational utility-scale battery storage fund said it has completed the acquisition of the Byers Brae project located near Wester Dechmont, Livingston in West Lothian from Gresham House DevCo and Noriker Power. Byers Brae commenced commercial operations last month.
The acquired asset is part of the pipeline described in Gresham House Energy Storage Fund’s prospectus published in November last year, the company said.
The acquisition increases the total capacity of operational utility-scale battery storage projects in the fund’s investment portfolio to 425MW.
Ben Guest, fund manager and head of Gresham House New Energy, said: “Byers Brae adds our first operational capacity in Scotland. Its location makes it well placed to ease system constraints arising from bottlenecks in the physical network between UK wind generation in the north and power demand in the south.
“The facility currently provides system flexibility via National Grid’s Dynamic Containment premium frequency response product.”
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