Northumbrian Water to pilot battery storage under Argonaut Power deal

Water utility Northumbrian Water is to pilot the use of battery storage units at a number of its sites under a new partnership with developer Argonaut Power.

The terms of the agreement will see Argonaut oversee the installation of second-life Renault EV batteries, with all engineering work conducted by Connected Energy.

Argonaut Power is to act as the operator and manager of the completed projects, and will fully fund the installations under an installation and revenue sharing contract that is expected to be signed in the next fortnight.

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Meanwhile, Ikigai Capital, a strategic advisor for the project, has been responsible for creating the pilot scheme’s financial structure.

While no specific details around the size, scale or number of installs has been released, a spokesperson for Argonaut parent Ingenious confirmed to SPP that the parties are investigating the potential for storage at nine particular sites and the batteries are expected to be in the megawatt scale.

All installs are expected to complete by autumn 2019.

Read more: Solar Power Portal

By |2019-03-27T10:52:39+00:00December 19th, 2018|Electric Vehicles, News, Reviews, Solar and Battery, Uncategorized|
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