Statera recently announced that it had reached financial close on its Carrington Storage project. This innovative project will be taking place at the Trafford Low Carbon Energy Park in Greater Manchester. The project is notable for its total capacity of 680 megawatts and 1,360 megawatt-hours. It’s scheduled to be fully energized by late 2026. The Multifunctional Asset Initiative seeks to drive more grid-stabilizing investments into the market, fostering the UK’s net-zero and energy security objectives in tandem.
Carrington Storage, located in Greater Manchester, is one of the largest single-site BESS in the UK. It’s poised to take on an increasingly important role in minimizing curtailment of renewable energy. The project will address expanding demands for integrating renewable energy sources, like solar, into the grid. It’ll be essential to figuring out what works best.
Advanced Technology for Energy Management
Statera has partnered with Envision to deploy a cutting-edge AI-driven solution for the Carrington Storage project. This innovative approach includes a “forecast – dispatch – trade – self-learning” closed-loop algorithm. By shifting revenue generation from experience-driven to model-driven, this technology promises to optimize performance and financial outcomes for the storage facility.
Henry Peng, senior vice-president at Envision Energy, commented on the project’s significance:
“As one of the largest BESS sites in the UK, the Carrington Storage project is another important step toward realising the country’s clean energy ambitions.”
That commitment to use truly state-of-the-art technology speaks volumes to the project’s ability to bring about great, measurable and lasting growth.
Supporting National Energy Goals
As an embedded asset within the UK’s energy transition strategy, the Carrington Storage project complements the UK’s larger efforts towards maintaining energy security and reducing carbon output. Improving grid reliability supports a more seamless incorporation of variable renewable energy, like wind and solar. This shift removes a huge chunk of our reliance on fossil fuels.
The facility functions as a giant battery, charging with surplus energy created during times of peak renewable production. This preemptive capability is especially important to help keep the national grid balanced. Wind and solar energy generation soar. Forward-thinking projects like Carrington Storage will be an underpinning to ensuring we have a safe and reliable energy supply.
A Collaborative Effort
Carrington Storage has now successfully closed its finances. This completion is a big deal not just for Statera and Envision, but for the UK’s clean energy market as a whole. This partnership between these two entities showcases a unique alignment between public and private sectors working together to accelerate innovative solutions that propel sustainability forward.
Carrington Storage’s strategic location at Trafford Low Carbon Energy Park. It remains primed to continue making a lasting impact on the region’s energy landscape. Once the project is complete, it will help make our Nation’s energy infrastructure more resilient and sustainable.