QuotedData’s morning briefing 15 January 2025 – GRID
In QuotedData’s morning briefing 15 January 2025:
- Gresham House Energy Storage (GRID) announced that it has energised its Melksham project, a 100MW / 100MWh BESS[1] near Bath. Further plans to double Melksham’s battery capacity to 100MW / 200MWh are underway, with the extension to be carried out in two stages (50MWh at a time) and to be completed by the end of Q1 2025. Melksham is the largest capacity operational project in the GRID portfolio and its energisation takes operational capacity to 945MW / 1,307MWh and 945MW / 1407MWh once augmented to a 2-hour duration. Commenting on the update, fund manager Ben Guest said: “We continue to efficiently increase capacity by energising new projects while also augmenting the duration of others. Melksham follows Elland’s commissioning in Q4 2024, as well as the augmentations of Arbroath, Penwortham, Enderby, West Didsbury and Nevendon throughout 2024. The improved trading conditions we announced earlier this month, particularly with last week’s wind lull and cold spell putting strain on existing UK generation capacity, reinforce the benefit of rolling out further battery storage capacity. As previously highlighted, we also expect to complete the commissioning of our 40MW, 2-hour duration Shilton Lane project, next month.”