RES partners with new client Thrive Renewables and secures a further agreement with TagEnergy for asset management responsibility for their energy storage sites.<\/p>\n
RES, the world\u2019s largest renewable energy company and industry pioneer for over 40 years, ha<\/span>s<\/span> announced the signing of two new asset management agreements. <\/span>The first contract is with <\/span>TagEnergy<\/span>, a familiar partner<\/span>,<\/span> who<\/span> have awarded RES the 49MW\/98MWh <\/span>Jamesfield<\/span> Farm standalone Battery Energy Storage System near Aber<\/span>nethy, Scotland<\/span>. <\/span>The second agreement<\/span> has been signed with Thrive Renewables<\/span> for<\/span> the 20MW\/30MWh batter<\/span>y<\/span> s<\/span>torage project on Feeder Road in Brist<\/span>o<\/span>l<\/span>.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n<\/div>\n \u00a0<\/span><\/p>\n<\/div>\n Both agreements <\/span>mean<\/span> that our Asset Management team will oversee <\/span>operations<\/span> at both energy storage sites<\/span>, <\/span>ensuring the<\/span> clients deliver<\/span> more<\/span> low<\/span>-cost <\/span>electricity<\/span> for consumers<\/span> from renewable sources<\/span>.<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n \u00a0<\/span><\/p>\n<\/div>\n This latest tender win <\/span>is<\/span> the<\/span> third <\/span><\/span>energy storage asset management contract <\/span>RES ha<\/span>ve<\/span> been awarded by <\/span>TagEnergy<\/span> in the last 12 months<\/span>. <\/span>This growing <\/span>partnership<\/span> with <\/span>TagEnergy<\/span> demonstrat<\/span>es<\/span> confidence<\/span> in <\/span>RES\u2019<\/span> technical<\/span>, commercial and <\/span>financial asset management teams to deliver a <\/span>high-quality<\/span> service based on our detailed knowledge <\/span>and experience <\/span>of battery storage assets.<\/span>\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n \u00a0<\/span><\/p>\n<\/div>\n Darren Cook, UK&I Asset Management Director:<\/span><\/span> \u201c<\/span>RES <\/span>is<\/span> pleased to be growing our asset management energy storage portfolio by building on our existing partnership with <\/span>TagEnergy<\/span> and creating<\/span> a<\/span> new relationship<\/span> with Thrive Renewables.<\/span> We\u2019ve got a skilled team of professionals who will manage the assets effectively in order to maximise returns for our clients.\u201d<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n \u00a0<\/span><\/p>\n<\/div>\n Franck <\/span>Woitiez<\/span>, CEO at <\/span>TagEnergy<\/span> stated:<\/span><\/span> \u201c<\/span><\/span>We are pleased to be working with RES once again on th<\/span>is<\/span> latest project as their experience in developing and managing energy storage systems is world-class. <\/span>We value RES <\/span>and the relationship we have built with the RES team<\/span> means <\/span>we are confident <\/span>Jamesfield<\/span> Farm will support the transition to a more sustainable future by using our combined expertise to drive the flow of clean energy from renewable sources<\/span>.\u201d<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n \u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n Similar<\/span> to<\/span> RES<\/span>, Thrive Renewables<\/span>, <\/span>have been working to reduce emissions<\/span> and<\/span> tackle the climate emergency<\/span> by<\/span> building<\/span> and operating <\/span>renewable<\/span> energy<\/span> projects in the UK for close to 30 years<\/span><\/span>.<\/span>\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n \u00a0<\/span><\/p>\n<\/div>\n Matthew Clayton, Managing Director at Thrive Renewables added:<\/span><\/span> \u201c<\/span><\/span>W<\/span>e\u2019re happy to be working with <\/span><\/span>RES<\/span><\/span> and drawing on the company\u2019s comprehensive track record in professional asset management.<\/span><\/span> Thrive\u2019s<\/span> diversified portfolio now includes onshore wind, solar, hydro, geothermal and battery storage and our latest project \u2013 a 20MW battery <\/span><\/span>asset <\/span><\/span>in Bristol <\/span><\/span>\u2013 will help <\/span><\/span>bring <\/span><\/span>further <\/span><\/span>flexibility and balancing services to the grid.\u201d<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n \u00a0<\/span><\/p>\n<\/div>\n ENDS<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n Notes <\/span>to editors<\/span>:<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n \u00a0<\/span><\/p>\n<\/div>\n About RES<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n \u00a0<\/span><\/p>\n<\/div>\n RES is the world\u2019s largest independent renewable energy company and is active in onshore and offshore wind, solar, energy storage, green hydrogen, transmission and distribution. As an industry innovator for over 40 years, RES has delivered more than 23GW of renewable energy projects across the globe and supports an operational asset portfolio exceeding 10GW worldwide for a large client base. Understanding the unique needs of corporate clients, RES has secured over 1.5GW of corporate power purchase agreements (PPAs) enabling access to energy at the lowest cost. RES employs over 2,500 passionate people and is active in 11 countries. Visit <\/span><\/span>www.res-group.com<\/span><\/span><\/a>\u00a0<\/span><\/p>\n<\/div>\n \u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n \u00a0<\/span><\/p>\n<\/div>\n CONTACT <\/span>FOR FURTHER INFORMATION<\/span>: <\/span><\/span> \u00a0<\/span><\/p>\n<\/div>\n \u00a0<\/span><\/p>\n<\/div>\n Callum Whiteford<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n RES<\/span> Press Office<\/span><\/span> \u00a0<\/span><\/p>\n<\/div>\n +44 141 404 5560<\/span><\/span>