EDF has entered into a long-term agreement with solar and energy storage developer Elements Green to facilitate the development of the 360MW/720MWh Staythorpe battery energy storage system (BESS) located in Nottinghamshire in England, UK.
Set to become operational in 2027, Staythorpe is poised to be one of the largest battery storage projects in the country, playing a crucial role in balancing supply and demand while enabling the integration of additional renewable energy into the grid.
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Once operational, the facility will have the capacity to supply power to over 95,000 homes for an entire day.
Elements Green CIO James Gates said: “Staythorpe is exactly the kind of large-scale project that can make a meaningful impact on the UK’s energy system.
“Its location next to a major National Grid substation makes it ideally suited for better storage at scale, and partnering with EDF ensures we have the commercial framework in place to deliver reliable performance for decades to come.”
As part of the agreement, EDF’s Wholesale Market Services team will ensure a minimum income level from grid balancing, in addition to the project’s 15-year capacity market contract.
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By GlobalDataThis arrangement provides enhanced financial certainty and supports investment in the infrastructure necessary for the UK’s transition to a low-carbon energy system.
Additionally, EDF will also manage the battery through its Powershift platform, optimising returns from available market opportunities.
Elements Green has recently secured a £140m ($189m) unitranche debt facility from Goldman Sachs Alternatives for the Staythorpe BESS, marking a significant milestone that allows for full construction and energisation of the site.
This development is expected to bolster the UK’s energy system, deliver biodiversity improvements, support community initiatives, and create skilled local employment opportunities.
EDF Wholesale Market Services commercial director Stuart Fenner said: “Staythorpe isn’t just another project. It is a major step in building the reliable, secure, low-carbon power system Britain needs.
“Large-scale storage is essential to make the most of renewable energy, and with Elements Green we are giving this project the certainty and capability to deliver lasting value and real progress towards net zero.”
EDF is claimed to be the UK’s largest generator of low-carbon electricity and a prominent provider of battery optimisation and trading services.
With over 950MW of battery storage currently under contract in Great Britain, the company continues to collaborate with developers, investors, and the grid to create a more flexible, resilient, and low-carbon energy system.
Earlier this month, EDF entered into a long-term agreement with Ampeak Energy to optimise the AW1 BESS facility located at Uskmouth in South Wales.
