Case Studies

Celebrating 10 years of amazing energy!

By Mark Futyan, Anesco CEO

Anesco is celebrating its milestone tenth year in business and a decade spent pioneering the UK’s transition to a low carbon economy.

The energy company I previously worked for could trace its roots back to 1812 and in comparison, it is truly remarkable what has been achieved at Anesco in just ten years. From humble beginnings as a cleantech start-up, Anesco is now a mature, international business, managing thousands of low carbon energy assets, many of which we brought into being, and having also saved millions of tonnes of carbon through home insulation measures.

An evolving market

When the company was founded in 2010, the UK’s energy sector was a very different place. New nuclear and carbon capture were the key hopes for an affordable low carbon future. The wind sector was just getting going and heavily subsidised. The cost of energy from solar panels was some ten times the market price and the first grid scale battery project was yet to be conceived.

In the years that followed, innovation, advances in technology and an increasing appetite for renewables, all played their part in fuelling the growth of the industry.

Flashforward to the present today and half of the power generated in the UK now comes from renewable sources (in 2010, it was less than 5%), with the majority of this power coming from wind and solar.

This increase in renewable energy has presented many new challenges for the UK power grid, which has needed a solution to ‘intermittency’ when the sun’s not shining and the wind’s not blowing. Which is where energy storage comes in. Just like solar, the cost of battery energy storage systems has fallen dramatically in recent years and they are now the fastest growing source of flexibility.

A bright future

At Anesco, we are proud to have played our part in this incredible energy transition, and I thank every member of the team for their ongoing ambition and commitment. We have a bright future to look forward to, thanks to ongoing investor enthusiasm for solar and storage and the continued importance of energy efficiency.

With the government committing to reaching net zero greenhouse gas emissions by 2050 and the popularity of renewables continuing to increase, I look forward to seeing what we can achieve in the coming decade.

To celebrate our key successes from the last ten years, we have pulled together a short video. I hope you enjoy it.

A standout year for Anesco’s O&M team

Anesco's operations and maintenance team

       Anesco’s O&M team

2020 is proving to be a standout year for Anesco’s operations and maintenance team, with the service successfully entering new markets and a record number of assets now under management.

And according to Matt Harvey, Anesco O&M director, more is yet to come.

Matt explains: “At Anesco, we are committed to supporting our customers to achieve the greatest potential return from their assets, using the latest technology and methods of best practice to enhance asset performance.

“Our O&M service has grown substantially in recent months, with both new customers joining us and existing customers expanding their contracts. We onboarded 100MW of new assets within one four-week period and the division has also achieved continuous monthly turnover in excess of £1million during these testing times.”

Matt continued: “I’m really proud of what we’ve achieved to date and thank the whole team for all their efforts – but this is just the start! We will be building on these foundations even further in the coming months, with an additional 145MW of assets expected to onboard by the end of the financial year and a strong pipeline already lined up for Q1 2021.”

Highlights of 2020 include

Exceeding 1.1GW of renewable assets under management

Following the addition of several new contracts for both new and existing customers, including rooftop and ground mount solar installations, the number of renewable assets under management by Anesco’s O&M team now exceeds 24,000, with a combined capacity of more than 1.1GW.

First O&M contracts secured outside GB

In a landmark achievement for the company, Anesco has broken ground on its first projects outside of the UK – developing two solar farms for Shell in the Netherlands. Both sites will be under the care of Anesco’s O&M team.

Anesco has also grown its customer base in Northern Ireland, with new solar assets being onboarded including commercial rooftop schemes, residential installations and solar farms.

First third-party battery assets under management

Having monitored and maintained solar assets for almost a decade, Anesco’s O&M team is now making a name for itself within the energy storage market too. Having previously looked after Anesco’s own portfolio of storage assets, the team took on its first third party storage contracts earlier this year, beginning with three battery installations with a combined capacity of 25MW.

About Anesco O&M

Anesco is the UK’s largest provider of operations and maintenance (O&M) for solar and battery storage assets and dedicated to optimising performance, maximising return on investment and minimising risk.

Clients range from utility-scale generation and energy storage sites, through to large commercial buildings and residential properties within blue chip client portfolios.

The fully integrated O&M service is operated in-house and offers a comprehensive range – from undertaking planned and preventative maintenance, to providing managed service accounting, including handling administration for government subsidy schemes.

A nationwide team of operatives are supported by specialist technical and support teams, based at Anesco’s National Operations Centre in Reading. Together, they deliver a streamlined and agile service that provides complete peace of mind for asset owners.

To find out more about Anesco’s O&M service call 0118 970 2555

How much does it cost to build a solar farm?

 

aerial solar farm and its cost

How much does it cost to build a solar farm?

Renewable energy is expected to account for more than half of global electricity by 2035, with solar power playing a leading role.

From ground-mount solar developments, to rooftop solar schemes and the emerging area of floating solar PV, solar is the third biggest renewable power source in the world, with more than 570GW installed capacity by the end of 2019.

In the UK, solar farms are now a familiar sight. There continues to be a constant flow of new planning applications, with new sites totalling 2.6GW being added to the pipeline in the first six months of 2020 alone.

So, what considerations need to be made when developing a solar farm, what might a project of this nature cost and how might one be funded?

What is a solar farm?

Solar farms – also referred to as utility-scale or grid-scale solar pv plants – comprise of rows of solar panels that are placed on special frames and fixed within the ground. In the UK, they will typically cover an area ranging in size from 1acre to 100+ acres. However, in countries including China, India and the US, they’ve been known to reach sizes of more than 13,000 acres.

The ideal location to build a solar farm is on land that is flat, or on a south-facing slope. Due to their scale, the clean electricity generated by a solar farm will usually be fed back into the local electricity grid, so suitable sites will also need to have a grid connection. Being in close proximity to overhead cables and a substation is usually a good indicator that a connection application may be successful.

For every 5MW of capacity installed, a solar farm will typically produce enough energy to power more than 1,350 homes, while saving 1,200 tonnes of carbon annually  – based on an average annual consumption of 3,600 kWh of electricity per home. Around 20 acres of land is usually required for every 5MW of capacity installed.

 Why are solar farms so popular?

Solar installations are silent to run, unobtrusive and require little maintenance. Along with advances that have been made in the technology itself and the flexibility of its application, a key factor behind the strong growth of the solar market is cost – prices having plummeted by around 82% since 2010.

In the case of farms and agricultural holdings, solar farms provide a number of additional advantages. The land used for a solar farm can continue to be used for the grazing of small livestock and can easily be converted back to its original form in the future.

The capabilities of specialist operations and maintenance services have also increased. Such services can be used to monitor the performance of solar assets, and as well as acting reactively to rectify any dips in output, will carry out proactive and predictive maintenance that can help enhance performance and return on investment.

The use of energy storage technology, such as battery storage units, which can be co-located alongside solar farm developments is also helping increase their efficiency. Battery storage units can store green power, releasing it when it is most needed. This ensures that as much renewable energy as possible is being captured and used. They can also open the door to new revenue streams by helping National Grid to balance supply and demand.

Funding a solar farm

Every project is different and the overall cost of an individual solar farm will be influenced by a number of factors, including:

  • Size/capacity of the site
  • Location
  • The solar technology and other components used
  • Whether there’s an existing grid connection
  • EPC contractor used
  • Type of Operations & Maintenance contract put in place
  • Ongoing security measures implemented

With other variables also impacting on the cost, including events such as COVID-19, it is very difficult to provide a general guide to the potential development costs with any real accuracy. If you are considering using land for a solar farm, it is best to speak to an experienced developer who can assess your requirements and the best potential use of the land available.

The three main funding routes are:

  1. Self-funded

Landowners with sufficient capital available may choose to self-fund a project and would receive the full benefit of the technologies installed and any revenue generated.

Many energy companies operate Power Purchase Agreements (PPAs) for generators who meet certain installed capacity thresholds. These are perfect for generators and also ‘prosumers’ who are both a generator and consumer, as they allow the sale of any electricity that isn’t used.

  1. Part-funded

Another funding option is a partially funded model, whereby an agreement is drawn up with a developer for how the costs, revenues and other benefits will be split. This is not such a common approach with landowners, but it is a possibility for certain landowners interested in having a stake in the development.

  1. Land lease

The most popular option for landowners is to lease land to a developer in return for a guaranteed long-term rental income. At Anesco, for example, we offer competitive rental payments, which are also RPI linked. This reduces risk while guaranteeing the landowner an income stream for the term of the agreement. In some instances, a further payment linked to site revenue may also be available.

Rental income is usually inflation-linked, with many developers looking to secure agreements of up to 40 years, or potentially longer.  Developers may also want rights to install battery storage alongside the solar array, either from the outset, or a later date, so this should be factored into discussions about rental payments.

To find out more about solar farm development, construction, maintenance or revenue optimisation, or if you’re a landowner interested in a lease agreement, please contact land@anesco.co.uk or call 0118 970 2555

Investor appetite continues to grow for battery storage

Energy storage systems installed at food wholesaler in the UK

By Mark Futyan, CEO Anesco

Back in May, I was delighted to take part in an Inspiratia hosted expert panel discussion, exploring the ‘coming of age’ of energy storage in the UK. Building on those conversations, the panel regrouped this week, looking in more detail at the ongoing challenges and opportunities faced by the sector.

I was struck by how much had changed in just a matter of months. We touched on issues spanning revenue optimisation, financing and investor confidence. I summarise the key takeaways below.

 Investor confidence is growing

The general consensus among the panel was that the market is strengthening. Falling costs, combined with new revenue streams and higher clearing prices in National Grid auctions, have all improved investment returns and, as a result, investor confidence is on the rise.

We have also seen a positive trend for new investor groups keen to enter the market – notably financial traders who see assets as a key asset with which they can hedge portfolio risks, and international investors. Energy storage is becoming an increasingly mainstream asset class.

However, a key challenge for new entrants to the market is the difficulty in de-risking revenue streams. So called ‘price floors’ in revenue optimisation contracts are insufficient to cover downside risk, and capacity market contracts are no longer material. As a result, battery storage remains a high risk / high return investment better suited to equity investment rather than project finance.

The scene is set for rapid growth

The conditions are right for accelerated investment. The market is liquid, with many new and large projects coming to market, alongside strong investor interest. All of this points to the likelihood of significant growth in the coming years.

For Anesco, battery storage is a technology we have long believed in. We installed the UK’s first grid-scale battery back in 2014 and developed a sixth of the country’s capacity to date. For new investors interested in the storage market, the end-to-end service we offer – from design and development to construction and market optimisation – simplifies an otherwise highly complex market, expanding the market beyond its specialist core.

I look forward to seeing how these green shoots develop and strengthen in the coming months and years.

floating solar farm

 What is a Floating Solar Farm?

floating solar farm

What is a Floating Solar Farm?

Interest in floating solar PV (FSPV) continues to grow worldwide, with its design and capabilities offering many advantages – especially for areas where land suitable for ground mount solar is scarce.

Floating solar farms are created by attaching solar photovoltaic panels to a buoyant platform, which rests about the water’s surface. These platforms are typically moored on calmer bodies of water, such as ponds, lakes or reservoirs.

The opportunity for co-location of a floating solar farm with an existing hydropower plant is also starting to gain in traction.

Interest and investment in floating solar PV

At present, 60+ countries are actively pursuing the deployment of FSPV and there are estimated to be around 350 operational FSPV systems, producing a total of 2.6 GW of renewable energy.

The World Bank has predicted there will be an explosion of floating solar over the next two decades, writing in its market report that “floating solar offers significant opportunities for the global expansion of solar energy capacity”.

With high population density, land scarcity and mountainous terrains, Asia continues to lead the way in the deployment of FSPV, with countries such as China, India and South Korea expected to account for roughly two thirds of global demand moving forward.

In the US, four years ago there were just two floating solar farms, by the end of 2020 year there will be more than 20. New Zealand recently unveiled its first floating solar power plant, while The Netherlands, France and other parts of Europe are also looking to capitalise on the technology.

Benefits of a floating solar power plant

FSPV installations are relatively quick to construct, silent to run and require no land levelling or removal of vegetation. They are also thought to provide additional environmental benefits, such as by decreasing evaporation and water loss.

For example, when used within agricultural reservoirs, the solar panels can reduce evaporation, improve water quality, and serve as an energy source for pumping and irrigation.

Being most cost-effective when built at scale, such developments are currently best suited for utility companies and municipalities.

At Anesco, we have more than a decade of experience in the design and construction of grid scale solar assets, as well as their operations, maintenance and optimisation. Call 0118 970 2555.

 

Being a new CEO and driving change in a pandemic

Photo of Mark Futyan CEO atAnesco

Anesco CEO Mark Futyan

The first 90 days are arguably the most important in the tenure of a CEO. Combine this with taking over just as the world is hit by a global pandemic – not only a threat to life, but the greatest threat the world economy has faced in a century – and the challenge is even more significant.

Mark Futyan, CEO at cleantech company Anesco, had been in position for just one month when the lockdown hit. But that hasn’t stopped him from pursuing an ambitious strategy for growth and using the crisis as a catalyst for positive change across every level of the organisation.

We caught up with Mark to find out more.

What key challenges did you face in your first 90 days?
Any new CEO coming in faces a steep learning curve and a full inbox but doing so in the context of a pandemic has certainly made for an exceptional set of circumstances.

My first priority on joining Anesco in February was to get to know the business. There is no better way to understand an organisation’s culture and core capabilities than to talk to the people. I made it my priority to meet as many of the company’s employees as possible, as well as many of our customers. I also reshaped the leadership team, taking out a tier of management to create a flatter structure and working with my new team and the board to define a new strategy, focused on our core strengths. We set an ambitious plan to double the size of the business within five years and began executing on that plan.

Then, 5 weeks in, COVID-19 happened and the UK went into lockdown.

Like many businesses across the globe, we had to adapt quickly and to forge a new ‘normal’ under which we could ensure business continuity. This involved enabling remote working for our office teams and rolling out new processes and equipment to ensure the safety of our field base teams. We also shifted our workload from residential rooftops solar and insulation to grid scale solar and storage where social distancing could be managed.

While our COVID-19 challenges are not unique, where I believe Anesco is different is that we haven’t just hunkered down to ride out the storm. We have maintained our ambition for positive change and believe we have a critical role to play in enabling the transition to a sustainable, low carbon future. A silver lining to the tragedy of the current crisis is that its unprecedented nature provides a catalyst for real change, as myths are busted and norms are challenged.

How has Anesco adapted during the pandemic?
As for many businesses, our key challenge has been to embrace technology to enable effective remote working. We were able to put the infrastructure in place to support remote working pretty quickly, but it took longer for our teams to fully utilise the collaboration tools on offer and to work out their new ways of working.

In my previous role at Centrica, I led an international business line and connected teams were the norm, but Anesco has had the luxury of most people working in a common location. I’m pleased to say though that the learning and change curve has been rapid and I am now receiving feedback from the majority of my team that they would like to maintain an element of home working even when we are able to return to the office.

We have had to work hard to make up for the loss in communication that happens naturally in a common space and the social interactions that add colour to our lives. In addition to regular communication about what’s happening in the business, our teams have created virtual social events, such as pub quizzes.

Managers have needed to learn how to get the best from their people, wherever they may be. This has called for a different skillset to match the new dynamic. They have needed to make the jump from managers to leaders, who empower team members to get on with the job in hand and inspire them to do so to the best of their ability.

It has taken time for some individuals to fully adjust to remote working but now they have we have actually found productivity has gone up. What we’re conscious of, however, is that meetings have become more transactional – which may be more efficient but isn’t as beneficial for relationship building. We are also aware that for many staff, regular social interaction with their colleagues is very important and remote working isn’t going to be a solution for them long term.

Which areas have been hit the hardest by the pandemic?
Some areas of the business have been impacted by the current restrictions more strongly than others. For example, our work with residential households.

23,000 rooftop solar assets are currently under the management of our O&M team. While we have been unable to access homes, we have redeployed our resources to help with the maintenance of our ground mount solar and energy storage sites. By getting ahead in these areas, we aim to free up capacity in the future, when restrictions will hopefully be further lifted.

The residential energy efficiency side of the business has also been impacted. The UK-wide network of third-party installers we work with needs to have access to homes to be able to carry out a majority of ECO scheme upgrades. As a result of the pandemic, workflow in this area has reduced and we have temporarily furloughed some staff to account for that.

Our construction teams faced particular challenges, particularly on our overseas projects in Holland. We faced restrictions on international travel and lack of local accommodation for our workers. Fortunately, we have been able to navigate these challenges, using local contractors, carrying out design work remotely and working closely with our customer, Shell, to ensure the safety of everyone on site.

Our generating assets, however, have been in strong demand, with solar irradiation being at an all time high (it’s been sunny!) and the low power demand creating a need for more active network balancing, which our battery assets are able to serve.

How effectively have you been able to drive change in a lockdown?
When I joined Anesco, I had a clear vision for where the growth opportunities within the market might lie and how best to reposition Anesco to capitalise on them. This has seen us refocus on the company’s core strengths – solar, storage and energy efficiency – and our ability to support the UK’s transition to a low carbon economy.

As well as redefining the market offering and restructuring the organisation to best position us to act on it, I also knew there was a lot of work to do in relation to company culture.

I had thought this may be more difficult to achieve while teams were away from the office and unable to meet face-to-face. In reality though, I’ve found that building relationships and driving engagement hasn’t been as much of a problem as I expected. In some ways, it has even worked better.

For example, it’s been easier to reach the whole team on an even keel – whether I am speaking to head office teams or field operatives – as we connect via the same channels.

We have already taken some major steps forward in this area. From holding virtual focus groups to draw up a new company mission and set of values, to introducing a range of operational changes that support a strongly, people-driven organisation, the transformation is already having an impact.

When we return to the office there will be many physical changes to the building and work areas, as well as a range of flexible working options on offer that better recognise the needs of a modern workforce. This is just the beginning though and we now need to live and breathe our ambitions in this area and to work hard to maintain the high levels of engagement we currently enjoy.

What are you most proud of?
I may only have been in post for five months and there may have been a pandemic to contend with, but I’m very proud of what we have achieved in this time:

• Ground has been broken on our first renewable projects outside of the UK – two solar farms in the Netherlands for Shell
• Our pipeline of future work has grown by 50% and now stands at nearly 2GW
• Our O&M team is now looking after assets with a combined capacity of more than 1GW and turned over £1million last month for the first time
• We’ve launched a new 3rd party optimisation service that will enable us to provide a full suite of services to our customers

And finally, what next?
Now we need to build on these foundations.
Plans are currently being explored for how best to facilitate a safe return to the office. We are also looking ahead and to other mechanisms and activities we might introduce to ensure we continue to keep people at the heart of Anesco.

On the development front, we have some exciting projects in the pipeline and I can’t wait to see what we achieve together in the coming months.

Connect with Mark Futyan on LinkedIn
https://www.linkedin.com/in/mark-futyan/

 

The changing shape of Anesco

              Aerial view of Clayhill solar farm

By Mark Futyan, Anesco CEO

2020 will go down in history as the year that coronavirus impacted upon all our lives. Here at Anesco – as in companies of all shapes and sizes across the world – we have needed to quickly adapt to new ways of working and I’m proud of the whole team for all their efforts in ensuring it remains ‘business as usual’.

But for Anesco, this year is significant in many other ways too.

In November, the company will celebrate its tenth anniversary and a decade spent supporting clients to realise the full commercial and environmental potential of renewable energy. This has seen us leading the way in areas such as utility-scale solar PV and battery storage, regularly being first to market with new innovations and developing commercial models that support the adoption of renewables.

Now, as we approach this milestone, we do so with a renewed focus and clear vision for business growth – one that will play to our core strengths, while supporting the UK to achieve its net zero ambitions.

Since being founded, Anesco has been developing, constructing and operating solar PV and energy storage assets, alongside our energy efficiency operations. To date, we have developed 750MW of such assets across 115 projects – including installing the UK’s first utility-scale battery storage unit back in 2014 and developing the country’s first subsidy-free solar farm, Clayhill.

A vast majority of these projects have been sold to investors, with Anesco providing ongoing operation. In recent years, we have also invested directly, becoming an asset owner, in order to help open up the market for subsidy-free solar and storage.

Now these markets are mature, we are looking to sell the assets we hold – as was always our long-term intention – and this will be an important step in the growth of the business. It will allow us to focus fully on Anesco’s core offering: providing full lifecycle engineering services to solar and energy storage markets.

It will enable us to raise new funds to help bring new projects into being and to grow our operations and maintenance, asset optimisation and ECO divisions. Overall, creating a truly integrated proposition for renewable energy investors.

At Anesco, our true strength has always been in providing specialist services to enable low carbon investments. We develop, construct, operate, maintain and optimise the value of solar PV and storage assets. By focusing on these core areas, we will retain our place at the forefront of energy market leadership, while continuing to drive the green agenda and the UK’s transition to net zero.

 

What is the future of battery storage in the UK?

General view of an Anesco energy storage facility

By Mark Futyan, CEO Anesco

I was delighted to take part in an expert panel discussion recently, exploring the ‘coming of age’ of energy storage in the UK and in particular, what the key challenges and opportunities are and how the market is expected to evolve moving forward.

As a company that has been at the forefront of this sector since day one – installing the UK’s first utility scale battery storage unit back in 2014 and developing one fifth of the UK’s total storage capacity – this is naturally a topic we are very passionate about. Especially in relation to revenue stacking and optimising asset performance for our customers.

There is no doubt the last year has been a challenging one for the sector, but I believe we are starting to see some green shoots in spite of the COVID-19 pandemic.

Here is an overview of the key discussion points and takeaways from the conference. To find out more or to discuss any of the issues raised here, please feel free to get in touch.

UK battery storage landscape

Energy storage is recognised globally as a key technology required to support the transition to a low carbon energy system, maintaining grid stability as intermittent renewables become widespread.

In Europe, the UK remains the dominant market for battery storage with 900MW now in operation. Although there has been a fall in new build volumes, investment continues, particularly by sector specific funds such as Gresham House and Gore Street Capital.

According to Inspiratia, there is a strong development pipeline for future market growth, with nearly 4GW projects having been granted planning permission in the UK alone.

Although the sector has suffered some adverse regulatory changes in the past few years, more recently, there have been more positive shifts, including:

  • The reinstatement of the Capacity Market (CM) with 4.7GW battery projects successfully prequalifying for the T-4 auction, the majority targeting 15-year contracts
  • Plans to reinstate solar PV and onshore wind back into the Contracts for Difference (CfD) scheme, accelerating the energy transition and supporting the need for flexibility, and
  • Changes to National Grid’s Balancing Mechanism (BM) enabling smaller battery assets to access for the first time

Achieving optimal value in the market

The energy storage value stack is uniquely complex with a whole host of different revenue streams available spanning capacity, wholesale, balancing services and frequency regulation. Then there is state of charge management and cell degradation to consider on top. The market complexity, combined with growing capacity in the market, has opened up the need for asset optimisation services.

This unique challenge has been tackled by a range of market participants, including trading houses, aggregators and specialist firms. More recently, Anesco announced its intention to develop an offering in the market, supported by our long running experience in optimising nearly 100MW of flexible capacity in the UK. Watch this space for further updates!

Investor confidence and merchant risk

In the early days of battery storage, revenues could be underpinned by long term Enhanced Frequency Response (EFR) and Capacity Market contracts. The market for flexibility has since evolved and investments in batteries are now predominantly exposed to merchant markets. As a result, we are seeing a re-alignment in who is investing in new capacity, away from fixed income funds and utilities, towards sector focused investors. It is important that investors have a deep understanding of the market and are able to manage the merchant risks involved.

Increasingly, diversification across different revenue streams can help with risk management. The emergence of comprehensive battery optimisation services can help spread short term market risk across wholesale, balancing and frequency regulation.

The benefits of co-location

In today’s market, the main benefit of co-locating storage with renewables is to reduce combined construction costs. In the long term, we might start to see a market signal to use excess wind or solar generation for charging, with discharge from the battery at peak times, such as in the evening. However, today, that is rarely the optimal way to utilise the assets, so revenue synergies are limited.

Anesco was proud to unveil the UK’s first subsidy-free solar farm, Clayhill, back in 2017 – a site which combines 10MW solar PV with 6MW battery storage. In the last three years, we have benefited from construction and operational insights that will help shape the market going forward.

A further challenge highlighted by the panel was that renewables and storage are different asset classes. Renewables are typically subsidised with de-risked revenue streams and even new subsidy free solar projects are exposed to deeper wholesale markets, as opposed to shallower flex markets. While there are some investors active in both asset classes, the combination is a relatively unique proposition.

6 key predictions for the future of the storage industry

  1. There will be a realignment in the market, with different types of investors coming forward.
  2. Supply chain efficiencies will increase, reducing overall build costs.
  3. With the reduction in embedded benefits, we will see an increase in larger scale projects, close to the 50MW planning threshold.
  4. COVID19 is not expected to have a lasting impact on the market. Wholesale prices are depressed by low demand, but the need for flexibility is just as high.
  5. Competition will increase as more capacity comes to market, putting downward pressure on frequency regulation prices.
  6. Market optimisation services will become more important as investment shifts away from utilities and the array of revenue streams expands.

Conclusion

After a challenging period for storage developers and investors, the future once again looks bright with some exciting developments in the market and a strong forward pipeline. Energy storage remains an essential part of the energy mix, complementing renewables, as we transition towards net zero.

The ‘Energy Storage Virtual Conference’ was hosted by Inspiratia on 5 May 2020. Discussions are planned to continue at a face-to-face event being held in September. For more information, visit www.inspiratia.com.

 

Anesco COVID-19 business update

Anesco Head OfficeAnesco Head Office

As the situation surrounding COVID-19 continues to develop, at Anesco we are doing everything we can to ensure that we keep our people safe, while continuing to deliver a high-quality service for our customers.

These are extraordinary times and the coronavirus outbreak is having an increasingly significant impact on our day-to-day lives. Despite these challenges, at Anesco we remain fully open for business.

Following the latest advice from the Government, we have made some key changes to the way we work. Including:

  • Remote working – We have provided our office-based team members with the equipment, systems and support they need to be able to work remotely. Our field force operatives and construction teams who already work remotely, will continue to do so.
  • Communications – Our telephone lines and emails will operate as usual. We are also able to offer meetings via video conferencing, in the place of face-to-face meetings.
  • Support – We continue to liaise closely with all our customers and suppliers and to support our team members in any way we can, to ensure they are aware of the latest guidance and updates from the government.

In the face of the current difficulties we remain a strong and resilient company, with robust contingency plans and procedures ready to implement, should the time come.

We will continue to monitor the situation closely and to take any steps necessary, while ensuring the renewable energy this country needs keeps flowing.

If you have any questions or concerns, please do not hesitate to get in touch with a member of the team and we’d be happy to help you.