Proactive Investors - Run By Investors For Investors

Aggregated Micro Power in peak demand deal with Dong Energy

DongEnergy will control the Kent-based plant remotely from its 24/7 trading desk in Denmark
picture of wind turbine
Dong operates wind farms from Denmark

Aggregated Micro Power Plc (LON:AMPH) subsidiary Ashford Power has agreed an peak demand electricity supply deal with Danish renewables giant Dong Energy.

DONG Energy will control the Kent-based plant remotely from its 24/7 trading desk in Denmark, which will utilise the plant based on demand and production needs.

“We’re very pleased to enter into this agreement with AMP. As a company responsible for balancing one of the world’s largest wind portfolio, we have a constant focus on the short-term market which makes an asset like Ashford Power a natural fit.

“Given the highly flexible characteristics of the asset and our market insight, we look forward to realising its full potential,” said Søren Scherfig at Dong Energy.

Chris Wickins, Project Development Director at AMP, added: “This is a fantastic gas-fired flexible power generation project that helps underpin the UK’s growth in renewables.

"We’re delighted to partner with Dong Energy, whose power purchase agreement was instrumental in getting the project to financial close.”

Ashford Power is situated on the Kingsnorth Industrial Estate in Kent and has a capacity of 21MW of natural gas reciprocating engines selling power to the grid at times of peak demand. 

Commercial operations are expected to start in the third quarter.

View full AMPH profile View Profile

Aggregated Micro Power Holdings plc Timeline

January 19 2017

Related Articles

June 18 2017
Brendan Martin talked underwater drone technology and commercialisation.
Remote meetings camera
July 26 2017
LoopUp shares, which floated at a pound a pop in August 2016, were up another 9% today to after the remote meetings enabler said it had a robust first half
March 16 2017
Andrew McLellan discussed with investors wiresless tracking technology.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use