Danske Commodities signs UK storage optimisation deal
Denmark-headquartered energy trading company Danske Commodities has signed a three-year optimisation agreement for the 25 MW Blandford Road battery storage project in the UK.
The agreement marks Danske Commodities’ first battery storage customer in the UK, where the energy trader will utilise its “fully automated algorithmic setup to maximise returns across wholesale and ancillary services markets”, a statement said.
Under the agreement, Danske Commodities will provide market access, balancing and optimisation services for Blandford Road. The asset is owned by Equinor and is developed and operated by Noriker Power, which is partly owned by Equinor (which has a 45 per cent stake).
“With 15 years of experience from UK power markets, we will apply our trading expertise to optimise battery storage assets and help provide much needed flexibility to intermittent power generation,” said Anders Kring, VP, head of European Power Trading at Danske Commodities. “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.”