Our Energy team has advised Habitat Energy on a framework agreement with Gresham House Energy Storage Fund plc (GRID), one of the UK's leading energy storage investors, to extend their battery optimisation partnership to more than 500MW.
Founded in 2017 and headquartered in Oxford, Habitat Energy is a leading global optimiser of battery storage and renewable energy. Since 2019, the company has been working with GRID to optimise some of its top-performing assets.
This latest agreement makes Habitat Energy the single largest optimiser of batteries on GRID's behalf, with 337MW of new battery storage assets expected to come online in the next 12 months.
Energy partner Gus Wood drafted and advised on the framework agreement and accompanying optimisation agreements for Habitat Energy, assisted by George Nixon (associate) and Catrin Headland (trainee).
Speaking about the deal, Gus Wood said:
"The UK has one of the most advanced battery storage markets in the world, and we're delighted to have supported Habitat Energy in contributing to this through its latest agreement with battery storage market leader, Gresham House Energy Storage Fund. We continue to work closely with Habitat Energy, and look forward to working with the team again on future projects."
Our Energy team has a market-leading reputation and operates seamlessly around the globe. Positioned at the forefront of the renewables and energy storage sectors, the team has recently advised on a number of transactions including a syndicate of five commercial banks on the financing for the construction of two greenfield battery storage projects being developed by Zenobe, as well as Pacific Green's agreement to sell its 99MW Richborough Energy Park Battery Development for £74 million. The team has also acted on large-scale battery storage investments for Island Green Power, Eelpower, and Vanadium Redox.