Danske Commodities signs its first UK battery storage deal

battery storage Greece obligation

Foto: iStock


July 4, 2023






July 4, 2023





Energy trading company Danske Commodities has signed its first optimization agreement for a battery storage asset in the UK. The move is intended to support the strategic ambition of the asset’s owner, Equinor, to create a profitable renewables business by integrating battery storage assets in its portfolio in selected power markets.

Danske Commodities has announced that it has signed a three-year agreement for the 25 MW battery storage asset, called Blandford Road.

Under the agreement, the company will provide market access, balancing, and optimization services for Blandford Road. The energy trader intends to utilize its fully automated algorithmic setup to maximize returns across wholesale and ancillary services markets.

Storage is planned to be operational in Autumn 2023

The asset is owned by Equinor and is developed and operated by Noriker Power Limited, a British market leader in developing and operating energy assets, partly owned by Equinor, with a 45% stake, Danske Commodities said.

Once operational, Blandford Road will have a capacity of 25 MW and help provide flexibility to intermittent power generation in the UK renewables market. It is planned to be online in Autumn 2023.

Kring: The firm will provide much-needed flexibility to intermittent power generation

Anders Kring, VP, Head of European Power Trading at Danske Commodities, stressed that the firm will apply its trading expertise to optimize battery storage assets and help provide much-needed flexibility to intermittent power generation.

“We currently manage the biggest portfolio of batteries in Denmark, and we look forward to building on this experience as we take on our first battery in the UK,” he said.

Danske Commodities currently has a contract portfolio of 2,000 MW of renewables assets in the UK, including a proportion of the offtake from the world’s biggest offshore wind farm, Dogger Bank.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Belgrade Energy Forum energy storage is next big thing

Belgrade Energy Forum 2024 – energy storage is next big thing

25 May 2024 - There are exponential opportunities for energy storage investments to facilitate the green transition, main developers and operators in Southeast Europe said at Belgrade Energy Forum

janom investments Andrej Srsen bef 2024

Janom Investments bringing knowhow, investments to Western Balkans

24 May 2024 - Janom Investments is eyeing a portfolio of over 1,000 MW in wind, solar and battery projects in Croatia, BiH, Serbia and North Macedonia

maja turkovic cwp global investments bef 2024

Meet energy transition leaders in SEE: CWP Global is developing 6 GW of solar, wind, storage

24 May 2024 - Vice President for Europe at CWP Global Maja Turković was a panelist at the Belgrade Energy Forum 2024 conference

Western Balkans face tight electricity market coupling deadlines

Western Balkans face tight electricity market coupling deadlines

24 May 2024 - Market coupling is the first task in the Western Balkans energy transition and their main condition to be exempted from CBAM, panelists said at Belgrade Energy Forum