Greenvolt Power and Reel sign balancing and optimisation services deal for Høegholm solar-plus-storage project in Denmark

The deal is for balancing and optimisation services. The project includes a 60MW/120MWh battery energy storage system (BESS). Reel will use its proprietary trading technology and market expertise to manage the project’s involvement in wholesale, intraday and ancillary service markets. Reel will also offer optimised hedges to Danish corporates through power purchase agreements (PPAs). Greenvolt Power expects to begin commercial operations at the project’s solar facility this quarter (Q1 2026). Greenvolt sought additional financing for the project’s BESS component last October. The addition of the BESS facility is noted to increase the output of the solar PV component of the project. Quotes: - "deliver balancing and optimisation services for the Høegholm hybrid energy park" - "The Høegholm plant will include 97.4MW of solar PV capacity and 60MW/120MWh of batteries." - "Reel would use its “proprietary trading technology and market expertise” to manage the project’s involvement in wholesale, intraday and ancillary service markets. Reel will also offer “optimised hedges” to Danish corporates through power purchase agreements (PPAs)" - "Greenvolt power expects to begin commercial operations at the project’s solar facility this quarter, and begin commercial operations at the BESS portion by the end of this year." - "Greenvolt, for its part, sought additional financing for the project’s BESS component last October, and noted that the addition of the BESS facility would increase the output of the solar PV component of the project."