Gore Street Energy Storage Fund PLC (LSE:GSF) said it has appointed Nidec as engineering, procurement and construction (EPC) contractor for its energy storage assets in Ferrymuir and Stony ahead of their planned start of operations in February next year.
The assets are both of one-hour duration, beginning-of-life energy storage systems, with 49.9MW Ferrymuir located in county Fife and connecting to the Scottish Power Distribution network, while 79.9MW Stony is located close to Milton Keynes and connecting to the Western Power Distribution grid.
The energy storage fund said the contracts with Nidec include the EPC agreements and long-term service agreements for maintenance and operation, including availability and energy capacity warranties, and will require the engineer to meet "stringent performance requirements".
The assets are scheduled to be energised in the fourth quarter of this year, with both expected to achieve commercial operations in February 2023.
The investment trust said the assets will operate in dynamic containment, FFR (firm frequency response), wholesale and balancing mechanism trading, and will also be able to participate in new services made available by National Grid and Distribution Network Operators.
Gore Street said Nidec is "a leading company in the development of large-scale electricity storage, offering complete customised solutions which contribute to the development of the energy market".