ENERGY NEWS


UK Power Reserve hits 500MW of operational capacity


UK Power Reserve has hit the milestone of 500MW of flexible power plants in operation, bringing new sites online at the rate of more than one a month throughout 2017. The achievement underlines UK Power Reserve’s track record in meeting existing project commitments as the company prepares to expand its portfolio beyond a gigawatt in the next Capacity Market auction. The UK’s leading flexibility provider now has 31 sites in operation across England and Wales, providing low­carbon, rapid response electricity.


P


roviding low-carbon, rapid response electricity to local communities - enough energy to power 375,000 homes - the UK’s leading flexibility


provider now has 31 sites in operation across England and Wales. UK Power Reserve’s growing portfolio of


assets – currently at 813MW – plays a crucial role in the development of renewable power generation, providing vital back up power when the sun doesn’t shine and the wind doesn’t blow, and helping to smooth the peaks and troughs in demand. The company will continue to add to its


fleet of flexible capacity this year, starting construction on its 120MW portfolio of battery storage assets – one of the biggest in Europe. It will also start work on the 160MW gas-fired capacity won in 2015’s Capacity Market.


UK Power Reserve fully expects its total


portfolio to surpass a gigawatt at the auction in February, thanks to its strong track record in translating prequalification results into Capacity Market contracts. UK Power Reserve is the largest such


developer of new-build distribution projects secured in all auctions to date, and currently accounts for a tenth of all new capacity due to come online. Tim Emrich, CEO and co-founder, told


UKPN: “I am delighted to have reached this important milestone as we continue to build efficient, flexible power plants up and down the country. “We are one of the few companies bringing significant new capacity online as we meet the UK’s growing requirement for nimble, low carbon power generation while providing affordable security of supply to the end


“We meet the UK’s growing requirement for nimble, low carbon power


generation while


providing affordable security of supply to the end


consumer. “


­ Tim Emrich, CEO and co­founder UK Power Reserve


consumer.” He concludes: “Our track record speaks for


itself – and as we close in on a gigawatt portfolio, we continue to prove that UK Power Reserve is an energy force to be reckoned with.” UK Power Reserve is the leading provider


of flexibility to the UK energy system. Our 813MW portfolio of low carbon, decentralised assets include 120MW of battery storage, one of the biggest in Europe. With rapid response, low cost assets located close to centres of demand, we are improving competition and delivering value to con- sumers. An innovative, disruptive voice in energy, UK Power Reserve is advancing its ambitious growth plans in the UK and beyond. www.ukpowerreserve.com


JANUARY ‐ FEBRUARY 2018 UK POWER NEWS 19


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40