JLEN Environmental Assets Group Limited has launched its first grid-scale battery project in Dundee, Scotland.
The environmental infrastructure fund’s West Gordie 50MW lithium-ion plant has now started commercial operations and is hoped to provide “critical balancing support to the GB grid.”
EPC contractor Anesco Limited undertook the construction of the project with management oversight from the Foresight Group construction team and DNV-GL (the appointed Owners Engineer).
The project will be operated by the electric utility company Flextricity, whilst renewable energy equipment supplier Green Nation and Anesco will provide asset management and operations and maintenance services respectively.
“Seeing JLEN's first battery storage investment become operational is a significant milestone for the Company. Battery energy storage projects play a vital role in advancing the decarbonisation agenda by reducing system imbalance, enhancing the grid's ability to harness a greater level of intermittent renewables,” said Chris Tanner, investment manager for JLEN.
“Investments such as these provide attractive returns over time, we are therefore pleased to have provided JLEN investors with exposure to this exciting asset class and look forward to advancing our other battery storage assets to commercial operations, in order to create further capital growth for our shareholders.”