ElectroRoute enters long term Battery Trading Agreement with NTR Plc.

Leading Irish Energy Trading and services firm ElectroRoute is pleased to announce that it has entered into a long term agreement to optimise two battery storage projects on behalf of NTR plc, a leading European renewable investment firm.

The battery storage facilities, located in Co. Wexford combine to provide 25MW capacity and will provide crucial grid firming services to the power system, allowing the system operators to integrate more renewables on the system whilst mitigating curtailment levels. The sites were recently awarded 10 year contracts for the supply of grid capacity in an auction held by EirGrid and SONI. ElectroRoute will operate the batteries within its growing battery portfolio, now standing at 275MW, and optimise revenues by utilising its AI powered Virtual Power Plant, ElectroRoute Core and its 24/7/365 trading desk located at in Dublin.

Commenting on the agreement, Brian Kennedy, Head of Trading Solutions at ElectroRoute said, “We’re thrilled to be able to build upon our successful relationship with NTR as they enter the energy storage market. Our mission at ElectroRoute is to make net zero a reality and we strongly believe that battery storage is a fundamental enabling technology to facilitate such targets. To this end, we have placed a lot of emphasis on positioning ourselves as the leaders in optimising flexible assets for our clients across Ireland, Europe and Japan. That NTR have placed their trust in us to optimise these assets is a great validation of the offering we have created.”

Anthony Doherty, Chief Investment Officer at NTR plc said: ‘These Battery storage projects bring much-needed diversity of technology to the Irish grid and will provide support services to the grid when required.   The projects form part of NTR Renewable Energy Income Fund II, a wind, solar and energy storage fund that operates across Europe. We are delighted to partner with ElectroRoute to ensure that we optimise the inherent flexibility of these assets. As we move into operations, we know that ElectroRoute’s experience and expertise will help to ensure that the project delivers best practice commercial performance.”

For more information, please contact:

Brian Kennedy, ElectroRoute – 01 901 9608

ABOUT ELECTROROUTE

ElectroRoute is an international, renewables focused, energy trading and services company.  The company has grown rapidly from a start-up in 2011 to now employing over 90 professionals based in Ireland, the UK, Europe, and Japan.

The company’s vision is to make net zero a reality by solving the commercial mechanics of a decarbonised energy system.   Its team of traders trade a range of renewable assets on a 24*7 basis using its unique, tech driven, AI powered platform, ElectroRoute Core.  For more information please contact us:
electroroute.com
+353 (0)1 687 5700
info@electroroute.com

ABOUT NTR

NTR is a sustainable infrastructure investor and asset manager that acquires, constructs and manages clean energy and energy storage projects. NTR has developed, constructed and operated close to 3,000 MW of wind, solar and energy storage projects in Europe and the USA and today manages clean energy projects located in c. 50 locations around Europe.