Statkraft reaches major milestone as third-party flexible generation portfolio reaches 1.5GW
Statkraft, one of Europe’s leading third-party renewable power traders and Europe’s largest renewable power generator, has announced that it has exceed 1.5 GW of installed capacity in its third-party distributed flexible generation and battery storage (flex) portfolio in Great Britain. As a result of reaching this major milestone, Statkraft has cemented its position within the industry with a market-leading third-party flexible generation portfolio in the UK, providing approximately 27% of the total capacity in this market segment.
Launched in 2018, Statkraft’s flexible generation trading service has never lost an asset or a customer from its UK flex operational portfolio. By dynamically trading the energy produced by over 100 third-party assets and optimising running patterns, Statkraft is able to maximise returns for its customers. This significant achievement shows the appetite from customers for Statkraft’s innovative approach.
Unity, Statkraft’s unique short-term trading platform allows more than 20 GW of customers’ flexible and renewable generation to be scheduled seamlessly into the marketplace across Europe. Unity, the first platform offering end-to-end automation, uses a combination of computer algorithms and expert trader supervision.
Active in all the major ancillary services markets, Statkraft is operating this business at scale, using synergies with our pan-European trading activities, and is investing heavily in the service offering to remain at the cutting edge of distributed flexibility optimisation.
Duncan Dale, Statkraft’s VP of Customer Facing Business, UK & Ireland says: “It’s a huge vote of confidence in Statkraft’s business that our portfolio continues to go from strength to strength. We’ve launched innovative solutions to push our Unity trading performance even further and make more money for our customers. We also provide fixes and floors on total income streams to support project backers in raising financing, underwritten by an A credit rating. We’re committed to continuing our role as the leading player in the flex market and growing our capacity in the months and years ahead.”