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Danske Commodities signs optimisation deal for British battery project

Danske Commodities signs optimisation deal for British battery project

- Danish energy trader Danske Commodities said on Wednesday it had signed a long-term optimisation agreement for Hunterston BESS, one of the biggest battery projects in the UK.

  • Danske Commodities, chosen as one of the partners for Hunterston BESS, will provide trading and optimisation services, the company said.

  • "Danske Commodities will utilise its fully automated algorithmic setup to maximise returns across wholesale and ancillary services markets," it said.

  • Hunterston BESS will have a capacity of 400 megawatts (MW) or 800 megawatt-hours (MWh) once operational.

  • "The UK is a core market for us, and we look forward to further expanding our portfolio of flexible assets," Danske Commodities CEO Jakob Sorensen said.

  • Danske Commodities, owned by Norwegian oil and gas producer Equinor EQNR.OL, currently manages a contract portfolio of 17 gigawatts (GW) of renewables and flexible assets across Europe.


(Reporting by Elviira Luoma, editing by Terje Solsvik)

((elviira.luoma@thomsonreuters.com; +48 58 769 66 46;))

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