Gresham House acquires another 50MW battery project for £32.75m

Gresham House acquires first Scottish battery storage site 30MW Byers Brae

Published: 24 Dec 2020, 09:46

Gresham House Energy Storage Fund’s Wickham Market battery, part of the company’s acquisition spree this year. Image: GRID.

Gresham House Energy Storage Fund (GRID) has conditionally agreed to acquire a c.30MW battery project known as Byers Brae.

The site is located near Wester Dechmont, Livingston in West Lothian, Scotland, and is a battery-only project currently being developed by Gresham House DevCo and Noriker Power.

It is expected to be commissioned in Q2 2021, and being generating revenue from asset optimisation explained GRID. It will trade in the wholesale market, and National Grid ESO’s Balancing mechanism, as well as providing frequency response services.

Ben Guest, fund manager and head of Gresham House New Energy, said: “Byers Brae is our first project in Scotland and is expected to help National Grid balance wind generation in the north with power demand in the south. It is located at a point between Edinburgh and Glasgow where physical constraints exist in the transmission system and is therefore expected to benefit from additional revenue System Actions in the Balancing Mechanism.”

It is the most recent acquisition in what has been a busy year for GRID, bringing the total capacity of operational utility-scale battery storage project in its investment portfolio to 345MW. 

Project Location MW
Staunch Staffordshire 20
Rufford Nottinghamshire 7
Lockleaze Bristol 15
Littlebrook Kent 8
Roundponds Wiltshire 20
Wolverhampton West Midlands 5
Glassenbury Kent 40
Cleator Moor Cumbria 10
Red Scar Lancashire 49
Bloxwich West Midlands 41
Thurcroft South Yorkshire 50
Wickham Suffolk 50
Byers Brae West Lothian, Scotland 30
Total 345

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