Ørsted Takes Final Investment Decision on Battery Storage Project in UK

Ørsted has taken the final investment decision (FID) on a battery energy storage system (BESS) project in the United Kingdom. The Tesla battery energy storage system will be installed on the same site as the onshore converter station for Ørsted’s Hornsea 3 Offshore Wind Farm in Swardeston, near Norwich, Norfolk, in the eastern part of England.

Furthermore, the storage system has a capacity of 600 MWh (and a 300 MW power rating), equivalent to the daily energy use of 80,000 UK homes. Once completed, it will be one of Europe's largest battery energy storage systems. It is expected to be operational by the end of 2026.

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With the battery energy storage system, Ørsted is investing in a grid-balancing technology, a natural add-on to its offshore wind projects worldwide, and will provide complementary services and revenue profile while supporting the continued build-out of the UK’s renewable energy infrastructure. 

The BESS project will reduce consumer price volatility, making more power available during peak periods when energy is traditionally more expensive. It will also make UK energy systems easier to manage by helping smooth out the variations between supply and demand.

Duncan Clark, Head of UK & Ireland in Ørsted, said, “Our 12 operational UK offshore wind farms provide a huge amount of clean energy to the grid. The battery will help ensure that renewable energy is used in the best possible way.”

Ørsted currently has 660 MW (1,850 MWh) under construction BESS projects in the UK and US, including the project announced today. In addition, Ørsted is developing a storage opportunity pipeline of 2 GW across the UK, Ireland, and the US.

Objectives of the Investment

Ørsted's final investment decision to develop a Battery Energy Storage System (BESS) in the UK is driven by several strategic objectives:

Stabilizing the UK Energy Supply: The BESS aims to stabilize the UK's energy grid by storing excess electricity generated during peak production periods and releasing it when demand is high.

Reducing Price Volatility: By balancing supply and demand, the BESS will help to reduce the price volatility of electricity, making energy costs more predictable for consumers.

Enhancing Grid Management: The storage system will enable better management of the UK energy systems by smoothing out the variations between supply and demand.

Supporting Renewable Energy Infrastructure: The BESS is a natural extension of Ørsted's offshore wind projects in the UK.

Read: JSW Energy Begins Construction of a Massive Battery Storage Project in India

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