Energy trader Vitol has formed a joint venture with renewables outfit Low Carbon to develop energy storage projects in the UK.
The company said VCL Energy will fund early stage energy storage and renewable sites to complement its UK subsidiary VPI Immingham’s existing CHP generation.
The first storage projects to be developed by VLC Energy include the 40MW Glassenbury in Kent and 10MW Cleator in Cumbria.
Both sites were awarded contracts in National Grid’s Enhanced Frequency Response tender, as well as the Capacity Market auction for delivery in 2020.
The projects featuring LG Chem lithium batteries and NEC management systems are due online this year.
VPI Immingham chairman and member of Vitol’s executive committee Russell Hardy said: “We’re pleased to be entering into an exclusive, strategic partnership with Low Carbon that will enable us to grow our investments in alternative energy in the UK.
“Batteries perfectly complement renewables and gas and together offer a cleaner, more efficient energy future for the UK.”
Image: Glassenbury storage site in Kent (Low Carbon)