Gresham House completes acquisition of 41 MW Bloxwich battery storage project in Walsall

Gresham House Energy Storage Fund, Great Britain’s largest operational battery storage fund, has completed the acquisition of a 41 MW operational energy storage facility known as Bloxwich from a group of investors led by Arenko Cleantech.

The facility is located on the Bloxwich Industrial estate in Walsall in the West Midlands and was developed by Arenko and utilizes its leading battery software and controls platform. Post-acquisition, Arenko will continue to operate and optimize Bloxwich, which has been acquired by the Fund for an initial value of GBP20.1 million (US$25 million), with further potential earnout payments.

Bloxwich was commissioned in July 2019 and operates in the Balancing Mechanism, European Power Exchange (EPEX), and other ancillary services markets, such as frequency response. In mid-May 2020, it was used to provide upward and downward reserve flexibility to National Grid in the UK’s first-of-its-kind trial using an energy storage system (ESS).