Statkraft, Europe’s largest generator of renewable energy, has teamed up with energy storage company redT to provide businesses with a solution that is expected to help them save up to 20 per cent on their bills.
Solar Energy and Storage Solution
The partnership between these two energy-based businesses is designed to provide a fully-financed solar and storage solution with 100 per cent renewable energy for businesses in the UK. Claiming to be the first offering of its kind in the UK, this solution is predicted to save businesses up to 20 per cent on their bills over the next 25 years.
Statkraft will provide a long-term corporate power purchase agreement (PPA) for the solar and battery storage technology, as well as a 100 per cent renewable supply deal from its subsidiary, Bryt Energy, for the remaining power that is needed from the grid.
Solar panels will be combined with redT flow machines without any upfront costs. At the same time, Statkraft will seek to incorporate them into its virtual power plant (VPP) and offer flexibility optimisation services.
A bright future
Andy Cooper, Head of UK Downstream for Statkraft said: “We are excited to be working with redT energy to provide an attractive combination of renewable energy and long duration energy storage for our customers – we believe our funded solution really enables customers to take advantage of more zero carbon renewable energy, matching it to when it is needed most.
“The partnership with redT enables Statkraft and Bryt Energy to offer additional options that will benefit customers, incorporating storage, renewable energy solutions, advanced asset optimisation and trading within a VPP.”
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