We are proud to announce that we have reached a crucial milestone with our smart steering offer: we have passed the 10 MW mark with our portfolio of local, integrated battery storage!
By this, our behind-the-meter battery systems portfolio is now as large in nominal capacity as our first grid-scale battery project. In 2016, we developed a 10 MW battery in the Netherlands in partnership with US energy multinational AES. At that time this was the largest battery in Europe, today it's smaller than our portfolio of local, collocated battery storage.
10 MW since the launch in 2021...
With years of expertise in large-scale battery projects, we launched our steering service for local, collocated batteries in 2021.
We extended our steering algorithms for grid-scale battery projects to include local steering at times without extreme imbalance market opportunities. When our algorithms do predict extreme prices, the battery is deployed to maximally capture them. By this, we enable real-time market access for collocated BESS, in addition to peak shaving and maximum self-use.
Thanks to our partner network, the growth of our portfolio has been accelerating strongly since 2021. Our commercial partners and certified hardware make this scalability possible.
... to be multiplied in the upcoming years!
Increasingly large projects are rising at industrial and business sites connected to distribution grids. The unique combination of local energy optimisation and imbalance steering is a proposition that makes the case for Yuso-steered batteries very attractive.
On top of the attractive business case, the strongly increasing need for real-time flexibility provides an additional incentive for the development of local battery storage. The increase in renewables is deployed more than twice as fast as predicted. This makes imbalance prices as volatile today as they were during the 2021-22 gas crisis. To stabilise the electricity system, we need 70% additional flexibility over the next 10 years. This will mainly be provided intra-day and real-time.
In addition, Network operators and regulations are also becoming more supportive. First of all, Fluvius allows standalone battery systems behind an additional meter. This allows the site to keep its current supplier, but the battery can be powered separately and can be steered by Yuso. In addition, stand-alone batteries will be partially exempt from grid fees. These two evolutions will have a strong positive impact on the development of batteries, and thus flexibility, on distribution grids.
We expect the realisation of a multiple of our current portfolio in the upcoming years (and already see this in our pipeline...!).