Zenobē, the EV fleet and battery storage specialist, has selected EDF to continue to be the company’s partner of choice for trading and optimization of its battery assets.
EDF and Zenobē have recently renewed their battery trading and optimization contracts for 59MW consisting of the Claredown, Aylesford, and Kings Barn battery assets. This means Zenobē will continue to have access to the full range of flexibility markets including the wholesale market and balancing mechanism, utilizing EDF’s trading expertise.
Frequency balancing services
The partners have also signed a new 12MW/24MWh trading and battery optimization contract which forms part of the new zero carbon electricity infrastructure at the Waterside Innovation Hub, in Swindon. When the project goes live in early 2023, the battery will support the National Grid ESO by providing frequency balancing services and have access to the wholesale energy market and Balancing Mechanism, managed by EDF’s trading team.
The deal enables Zenobē to work collaboratively with EDF’s trading team and select asset trading strategies in line with fast evolving market conditions. In addition, Zenobē’s 100MW battery in Capenhurst, that the partners contracted on in 2021, is planned to go live later this year. When fully operational, this will make the Capenhurst site the largest single battery to connect directly to the transmission system in Europe.
Energy storage systems
EDF will optimize this asset for Zenobē which will enable access to a variety of revenue streams
EDF will optimize this asset for Zenobē which will enable access to a variety of revenue streams, including ancillary services such as Dynamic Containment and Balancing Mechanism as well as wholesale optimization.
These Battery Energy Storage Systems (BESS) will help balance power generation with demand, lowering costs for consumers and provide a secure and reliable source of power.
Zenobē currently has c.235 MW of contracted storage assets and is on track to have >1GW of battery storage by 2026. EDF is a provider of route to market services for storage developers and investors and committed to the long-term future of energy storage systems.
Trading and optimization contracts
Stuart Fenner, Head of Energy Trading Services at EDF said: “We are very pleased that the team at Zenobē have renewed existing trading and optimization contracts with us and signed a new 12MW contract. EDF is committed to expanding the partnership with Zenobē further and we look forward to continuing to work together. This partnership will provide essential flexibility to the energy system and reinforces EDF’s commitment to helping Britain achieve net zero.”
James Basden, Co-Founder and Director of Zenobē, said: “The EDF team delivers leading trading and optimization services and brings a wealth of energy industry experience, providing valuable expertise on the market and industry regulation. Battery storage projects like these are essential in balancing the grid, making clean, affordable power accessible, and enabling the UK to reach its climate goals.”
