RES signs two energy storage asset management agreements with TagEnergy

Energy storage company RES has recently signed two new asset management agreements with TagEnergy for Chapel Farm and Hawkers Hill.
RES signs two energy storage asset management agreements with TagEnergy
Courtesy of RES.

RES’ Asset Management team will oversee operations at both energy storage projects and support TagEnergy to deliver flexible, low-cost electricity for consumers.

Chapel Farm in Luton, Bedfordshire, has a capacity of 49.5 MW, whilst Hawkers Hill Energy Park near Shaftesbury in Dorset boasts an energy capacity of 20 MW. Tesla technology is being used at Hawkers Hill- a first in the UK for RES, and both projects are currently under construction. RES is also providing construction phase financial management services, and once the projects have been handed over, they will be delivering ongoing technical and financial asset management services.

RES has been working with TagEnergy since 2021 when they originally collaborated on the sale of Roaring Hill in Fife and more recently Lakeside, North Yorkshire. Both battery storage projects were developed by RES.

“We’re delighted to partner with TagEnergy on Chapel Farm and Hawkers Hill to help play a pivotal role in increasing access to low cost, green electricity” said Darren Cook, Asset Management Director at RES. “These agreements are a sign that RES’ asset management team continue to go from strength to strength. We’ll deliver a very high-quality service at both projects and look forward to becoming a trusted asset management partner for TagEnergy going forwards.”

Battery energy storage is a key technology providing flexibility to the network and supporting the decarbonisation of the UK’s electricity system by 2035. RES is a world leader in energy storage projects and has a pipeline of 700 MW of projects in development in the UK and Ireland. The grid stability provided by energy storage systems ultimately supports the development of renewable energy, helping to facilitate the energy transition.

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