One of the UK’s largest behind-the-meter batteries goes live on the Origami platform.
London, 21 October 2019 – The Port of Tilbury battery project will be managed using the Origami platform to generate value across diverse income sources including Triad revenues, Firm Frequency Response (FFR) contract and a capacity market contract.
The 9.0MW capacity battery project, using NEC batteries is 100% owned by Gore Street Energy Storage Fund plc (GSF), London’s first listed energy storage fund investing in income-producing assets in the UK and internationally. The battery project located at the Port of Tilbury (the principal port for London) is now operational and producing regular income for Gore Street Energy Storage Fund.
Peter Bance, CEO of Origami, said: “We are pleased to support Gore Street Energy Storage Fund in bringing one of the UK’s largest behind-the-meter battery projects through to operationalisation on the Origami platform. Batteries are highly flexible assets and offer access to a wide range of income opportunities and generating optimal revenue requires intelligent technology. We look forward to working with Gore Street Energy Storage Fund on future energy storage projects, linking their energy storage assets to energy markets through the Origami platform.”
Origami has developed a powerful and versatile technology platform for energy market participants to offer more compelling product and service offerings to their generation and consumption customers, and to generate enhanced returns from trading activities. Origami’s technology provides energy companies with real-time visibility, the tools to make better decisions and to efficiently execute those decisions to maximise value generation.