As part of a continuous effort to pave the way for innovative solutions for the energy transition, Our New Energy is happy to announce our involvement in the first of its kind deal for the largest lithium-ion battery system in Belgium. The 10MW/20MWh battery located in Bastogne and reaching COD in mid-2021, has been developed and will be owned by Estor-Lux (a joint venture between Rent-a-Port, Idelux, Socofe and SRIW).
Our New Energy has assisted Estor-Lux in the techo-economical assessment of the aforementioned.
The facility has been developed on a fully merchant basis with around half of the investment cost being provided through non-recourse project financing from Triodos. Centrica Business Solutions will dispatch and trade the battery flexibility in the energy markets and the facility will be integrated into Centrica’s Virtual Power Plant as part of the secondary reserve, helping balancing the grid frequency in order to guarantee its stability.
Despite much being written on storage, ensuring the profitability of a purely merchant battery installation is not a simple undertaking. We therefore feel privileged to have assisted Estor-Lux and look forward to following the development of the project going forwards.