Solihull/London (11/07/18) – UK Power Reserve has begun the tendering process for supplying 200MW of gas reciprocating engines to ensure it can continue to secure the UK’s low-carbon electricity supply at the lowest cost to the consumer.
The UK’s leading flexibility provider was the big winner at February’s Capacity Market auction, with 200MW of contracts taking the company’s total portfolio to over 1GW. UK Power Reserve is now looking to work with engine suppliers that can provide highly efficient and flexible equipment able to respond rapidly to energy stress events in the UK.
UK Power Reserve’s ideal partner will have:
These nimble assets play an increasingly important role in the energy mix required to balance the electricity system and support the growth of renewable energy, providing crucial backup power when the sun doesn’t shine and the wind doesn’t blow.
UK Power Reserve is instrumental in ensuring the system remains stable and balanced with over 500MW operational across England and Wales. Currently, UK Power Reserve is building 160MW of gas engines and the first phase 60MW of battery storage assets, with a total portfolio of 120MW of storage. The company boasts a strong track record of bringing Capacity Market Commitments online ahead of schedule and is looking for a company that can match its ambitions.
The company was recently acquired by Sembcorp Industries a Singapore-headquartered utilities, marine and urban development group, with a global presence and plans to expand as an integrated energy operation in the UK.
Sam Wither, Head of UK Power Reserve says “UK Power Reserve has kicked off the tender process for the next stage of our ambitious development programme. I’m confident we will be able to attract offers from a wide range of suppliers to ensure we continue to use the Best Available Technology in our operations. We have a strong track record of delivering real value to the consumer through lower carbon technologies. We build our sites close to centres of demand to quickly and effectively supply the local area with the power they need.”
Please record your interest with Martin Kane Head of Procurement and Contracts at UK Power Reserve Ltd.
For more information, please contact:
Communications & Government Affairs Associate
Tel: 07808 241684
About UK Power Reserve
UK Power Reserve is the leading provider of flexibility to the UK energy system. Our 1013MW portfolio of low carbon, decentralised assets include 120MW of battery storage, one of the biggest in Europe. With rapid response, low cost assets located close to centres of demand, we are improving competition and delivering value to consumers. An innovative, disruptive voice in energy, UK Power Reserve is advancing its ambitious growth plans in the UK and beyond.
UK Power Reserve is part of the Sembcorp group, a leading utilities, marine and urban development group, present across five continents. As an integrated energy player, Sembcorp provides solutions across the energy and utilities value chain, with a focus on the Gas & Power, Renewables & Environment and Merchant & Retail sectors. In addition, Sembcorp is a world leader in offshore and marine engineering, as well as an established brand name in urban development. Sembcorp Industries has total assets of over S$22 billion (£12.3 billion) and over 7,000 employees. Listed on the main board of the Singapore Exchange, it is a component stock of the Straits Times Index, several MSCI and FTSE indices, as well as the SGX Sustainability Leaders Index and the Dow Jones Sustainability Asia Pacific Index.
For more information on UK Power Reserve, please visit www.ukpowerreserve.com | @UKPowerReserve
For more information on Sembcorp visit www.sembcorp.com