Abingdon-based Conrad Energy acquires operational battery asset near Bedford


Abingdon-based Conrad Energy acquires operational battery asset near Bedford
Abingdon-based Conrad Energy acquires operational battery storage asset near Bedford.

Abingdon-based Conrad Energy has acquired a 44MW operational battery asset near Bedford.

The acquisition continues plans at the company to place supporting the transition to a low carbon economy at the heart of their strategic plans. This represents a significant new addition to its portfolio.

The company’s move into the battery storage arena has been consolidated with the acquisition of this 44MW operational battery asset near Bedford, an asset that will enhance its growing organic battery pipeline of 250MW.

Conrad Energy is a full-service Independent Power Producer (IPP) that delivers power to the National Grid and commercial customers.

It is the UK’s largest flexible power producer with over 600MW of generation across 45 plants. It also has a development pipeline that includes a growing list of storage and solar assets.

Steven Hardman, Managing Director, said: “Battery storage has a growing role to play in supporting the grid network and creating future-fit power infrastructure for the UK.

“This exciting acquisition reflects our vision for Conrad Energy as a full-service power solutions provider, leveraging the expertise of our growing team to support both the grid as well as commercial and industrial customers.

“Storage projects complement our flexible generation fleet as both provide essential support for increasing levels of renewable power.”

The site in Bedford has recently introduced Dynamic Containment (DC), a system designed to deploy energy quickly following any significant changes in frequency deviation.

DC was introduced to the UK in October 2020, and only 12 companies have been appointed by the National Grid to provide this type of energy service due to its complex technical and reporting requirements.

The new battery asset will provide immediate revenue, and the company anticipates making further targeted acquisitions and placing equipment orders in the coming weeks.

In a statement, the company said: “As we continue to diversify, we are providing a route to market services for a growing list of renewable and storage assets.

“We also supply commercial and industrial customers with flexible energy solutions from onsite generation as well as competitive and tailored supply contracts.

“We are also preparing to submit a planning application for our first large solar project.”

Trending news

Latest news

More from The Oxford Magazine