Ancala Partners and Anesco achieve first portfolio scale battery deployment co-located on solar park
- Initiative demonstrates Ancala’s innovative and proactive approach to asset management
- Battery deployment pursued in partnership with Anesco
Ancala Partners LLP (‘Ancala’), the independent mid-market infrastructure investment manager, and Anesco, the UK’s leading energy storage provider, have completed the first portfolio-scale deployment of batteries co-located on solar parks in the UK. The batteries, located at 10 of Ancala’s existing solar PV sites across England, will provide balancing and frequency response services to the National Grid.
Renewable electricity generators such as solar parks are intermittent producers of electricity. The rapid growth of renewable installations in recent years has created challenges in balancing the supply and demand of electricity in the UK. Batteries offer a unique solution to the challenges of intermittent generation by storing and deploying electricity into the National Grid at the times it is required most. Batteries can also provide other services to the National Grid, such as frequency response, due to the speed with which they can charge and discharge electricity.
The battery portfolio located on Ancala’s solar parks provides the ability to store 12MWh of electricity.
Lee Mellor, Director, Ancala, commented:
“To realise this initiative we have worked closely with all stakeholders and in partnership with Anesco. It is a great example of how we can add value for our investors through proactive management of assets.”
Steve Shine, Executive Chairman, Anesco, commented:
“We are delighted to be partnering in this initiative with Ancala, which has the foresight and appetite to join us in undertaking innovative renewable energy projects. It’s an exciting time for the sector and we are proud to be playing a leading role in the deployment of energy storage technology in the UK.”
For more information, see the website: www.ancala.com or contact:
Ancala Partners LLP
Spence Clunie, Managing Partner
Tel: +44 (0) 203 440 3516
Lee Mellor, Director
Tel: +44 (0) 203 440 3518
Notes to Editors
About Ancala Partners
Ancala Partners is an independent infrastructure investment manager founded in 2010.
Ancala launched its UK Mid-Market Infrastructure Platform in February 2016 to meet the requirements of long-term investors looking for enhanced returns from core mid-market infrastructure investments in the UK. Ancala now has over £800 million in funds under management (as at February 2017).
Ancala’s highly-experienced team has a proven track record in originating, executing and managing mid-market infrastructure investments.
The investment team combines experienced infrastructure investors with operational leaders who have a proven track record of de-risking businesses and improving cashflow through proactive asset management, thereby protecting and enhancing returns. Ancala’s senior partners are market and industry veterans with over 200 years’ experience.
A strong network at senior levels with corporate and market participants enables Ancala to proactively source investment opportunities and generate a strong pipeline of bespoke investment opportunities in the UK and Europe.
Ancala is based at 40 Gracechurch Street, London EC3V 0BT.
Anesco is a global leader in renewable energy and recognised as one of the top 100 cleantech companies in the world.
Its specialist team works with a range of clients managing the funding, development, operation and maintenance of renewable energy and energy efficiency projects.
Anesco introduces commercial models that enable customers to deploy new technology, optimise their energy usage and save money, while tackling carbon emissions. To date the technologies Anesco has deployed are generating over 1GW of renewable energy.
For further information, call Nick Johnson, Communications & Marketing Director, Anesco
07557 490001 / firstname.lastname@example.org