FRV to develop energy storage projects globally
- The Company’s strategic plan includes long-term investments in the development of battery energy storage projects to support the increasing penetration of renewables in the energy mix.
- The first project will be one of the largest battery energy storage plants in the South of the UK.
- The scheme will see a system of lithium-ion batteries with a combined capacity of 15 MWh connect to the Southern Electric Power distribution network, with the capability to store energy and provide flexibility to the grid.
Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy and a leading global developer of renewable energy projects, has announced its first battery project as a part of its long-term investment plan to develop energy storage projects globally.
The plan includes long-term investments in battery energy storage projects that play a central role in the market, supporting the increasing penetration of renewables in the global energy mix.
FRV’s first battery energy storage project is located at Holes Bay, in Dorset, United Kingdom. The Holes Bay project will be comprised of lithium-ion batteries with a combined capacity of 15 MWh, connected to the Southern Electric Power distribution network, with the capability to store energy and provide flexibility to the grid.
Holes Bay will be a first-of-a-kind development in the UK and Europe, utilising cutting-edge control and storage technologies. Construction will start in January 2020, with commissioning expected within three months, for what will be one of the largest battery energy storage systems in the South of England.
The UK has been a pioneer in deploying these systems in a competitive and open market, creating perfect conditions for integrators, developers and investors to embrace the benefits of incorporating these clean technologies into the energy mix. FRV believes investing in low-carbon initiatives in the United Kingdom is essential to support the Country´s ambitious 2030/50 decarbonisation targets and believes battery energy storage will provide the capacity and flexibility National Grid needs.
Felipe Hernandez, Managing Director Engineering and Asset Management of FRV, notes: “FRV is already collaborating with governments, regulators, and partners around the world to lay the foundations for a new energy model. Energy storage plays a central and critical role to fully realise the power of renewable energy, and FRV acknowledges the value of this technology as a key element to achieve a decarbonised society.”
“The Holes Bay project will be the first in a strategic energy storage pipeline to be launched both globally and within the UK. We are pleased to demonstrate the economic and technical feasibility of the battery energy storage system.”
Fady Jameel, Deputy President and Vice Chairman, Abdul Latif Jameel International, further commented: “Abdul Latif Jameel Energy, through our pioneering renewables operation FRV, continues to advance a sustainable energy future through innovation and strategic partnerships, progressing the economic viability of renewables and eventually arresting the impacts of climate change. We are proud to be part of the ground-breaking development of the UK’s strategic sustainable energy programme.”