Drax signs tolling agreement for 250MW BESS with Fidra Energy

Drax Group has signed a 10-year tolling agreement with Fidra Energy's subsidiary, West Burton C Limited, for 250MW (500MWh) of new Battery Energy Storage Systems (BESS) capacity at West Burton, England. Under the agreement, Fidra will be responsible for construction, maintenance, and availability of the asset, while Drax will pay a fixed annual tolling fee in return for full operational control and dispatch rights, retaining all revenues (excluding Capacity Market revenues). This agreement aligns with Drax's FlexGen strategy, adding short duration and fast response capability to its portfolio, and complements its investments in physical ownership of BESS and asset optimization. The agreement is subject to Fidra taking a final investment decision on the project by Q3 2026 and commercial operations by H2 2029.

Counterparts (4)

Seller

Apatura Limited

company

Apatura Capital is an investment firm focused on infrastructure and real assets. They target investments in developed markets across various sectors, including digital infrastructure, energy transition, and transportation.

Developer

West Burton C Limited

company

West Burton C Limited operates the West Burton C power station, a combined cycle gas turbine (CCGT) power plant. The company focuses on generating electricity using natural gas.

Fidra Energy

company

Fidra Energy is an energy consultancy providing expert advice and services to businesses and organizations. They focus on helping clients navigate the complexities of the energy market and achieve their sustainability goals.

Offtaker

Drax Group plc

company · 1 deals

Drax Group is a renewable energy company engaged in renewable power generation, the production of sustainable biomass, and the sale of renewable electricity to businesses. The company operates a generation portfolio of sustainable biomass, hydro-electric, and pumped hydro storage assets.