Deals Counterparts

Grenergy secures capacity contracts for four 760 MWh battery storage projects in the UK

Development Storage announced United Kingdom Mar 12, 2026
USD40M
Deal Value
760 MWh
Capacity
development
Stage
Scalm Park, Spring Lane, Buxton Road, Fibden Farm
Project

Grenergy has secured 15-year capacity contracts for four battery storage projects totaling 760 MWh (190 MW nominal power) in the UK, following an auction by the National Energy System Operator (NESO). These projects, named 'Scalm Park', 'Spring Lane', 'Buxton Road', and 'Fibden Farm', will provide grid stability starting October 2029, with remuneration exceeding 40 million euros at a fixed price of 27.10 pounds per kilowatt.

Get daily storage deal alerts — free, no spam.

Subscribe to access full counterpart details, deal analysis, and timeline.

Subscribe from €20/mo →

Deal Analysis

Grenergy has secured a significant 15-year revenue stream for its UK battery storage ambitions, winning capacity contracts for four projects totaling 760 MWh. These facilities, including 'Scalm Park' and 'Fibden Farm', will deliver grid stability from October 2029, with the National Energy System Operator (NESO) committing over 40 million euros at a fixed price of 27.10 pounds per kilowatt. This marks an early win for NESO, the new public corporation taking over critical system operation from National Grid ES, as it secures long-term stability from an experienced international developer like Grenergy.
  • 15-year capacity contracts secured.
  • Over €40M remuneration at a fixed £27.10/kW.
  • Projects 'Scalm Park', 'Spring Lane', 'Buxton Road', and 'Fibden Farm' total 760 MWh.
  • NESO, a new UK public corporation (est. 2024), is the offtaker.

Source Intelligence

KEY DETAILS

The capacity contracts are for four battery storage projects, two of which are hybrid and two are stand-alone. The remuneration is at a fixed price indexed to CPI. The capacity revenues are part of a 'revenue stack' which is expected to include energy sales and participation in all available markets, including complementary services. Grenergy previously secured a 20-year solar supply contract for the 'Fibden Farm' plant, starting 2028-2029, guaranteeing minimum revenues of 55 million pounds (approximately 63.7 million euros). Quotes: "En concreto, se trata de dos proyectos híbridos y otros dos 'stand-alone'", "remunerados a un precio fijo (indexado al IPC)", "Los ingresos por capacidad constituyen una parte del 'revenue stack' o estructura de ingresos prevista para cada proyecto. Está previsto que a estos se añadan los provenientes de la compraventa de energía, así como los de la participación en todos los mercados disponibles, incluyendo los servicios complementarios", "Grenergy ya obtuvo en febrero un contrato de suministro solar para la planta 'Fibden Farm' en la última subasta renovable del Reino Unido. El acuerdo, con una vigencia de 20 años a partir de 2028-2029, garantiza unos ingresos mínimos de 55 millones de libras (unos 63,7 millones de euros)."

Deal Size
asignación económica mínima que superará los 40 millones de euros
Capacity
cuatro proyectos de almacenamiento con una potencia nominal de 190 megavatios (MW) -equivalente a 760 megavatios hora (MWh)
Location
cuatro proyectos de almacenamiento de 760 MWh en Reino Unido [...] se trata de dos proyectos híbridos y otros dos 'stand-alone', que se denominan 'Scalm Park', 'Spring Lane', 'Buxton Road' y 'Fibden Farm'
PPA Details
La energética indicó que estos servicios serán remunerados a un precio fijo (indexado al IPC) de 27,10 libras (unos 31,4 euros) por kilovatio (kW) durante 15 años
Announcement
Redacción 12/03/2026
COD
Estos contratos de capacidad comenzarán a aportar estabilidad a la red eléctrica a partir de octubre de 2029
PARTIES MENTIONED IN SOURCE
G
Grenergy developer

"Grenergy ha logrado contratos de capacidad para cuatro proyectos de almacenamiento"

N
National Energy System Operator (NESO) buyer

"última subasta organizada por el operador del sistema eléctrico de Reino Unido -NESO (National Energy System Operator)"

high quality Enriched Mar 13, 2026

Timeline

Announced
Mar 12, 2026
Signed
Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Subscribe from €20/mo →
Track Storage deals