BP has announced a deal with Harmony Energy Income Trust (HEIT) to provide physical power trading and optimization services for two battery energy storage systems (BESS) totaling over 80MW / 160MWh. These projects are expected to come online in the first half of 2024. The assets will be able to power approximately 200,000 homes for two hours and will provide additional capacity to the GB power grid during peak demand. They will also support the stability and management of fluctuations in renewable supply.
The agreement will involve two HEIT projects: Hawthorn Pit (49.9MW / 99.8MWh) and Wormald Green (33MW / 66MWh). These projects aim to store power from the grid during low demand periods and deploy it during high periods of demand to provide stability. They will also help the grid manage greater fluctuations in supply as more power is generated from renewable sources like wind and solar.
This partnership between BP and HEIT will contribute to the optimization and trading of physical power, enabling the integration of renewable energy sources into the power grid. By providing flexibility and stability, these battery energy storage systems will support the transition to a more sustainable and resilient energy system.