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Taking action on the Ten Point Plan for the Green Industrial Revolution
Boris Johnson pledged to plant 30,000 hectares of trees a year in the UK by 2025, as part of his Ten Point Plan for the Green Industrial Revolution. However, this commitment was already promised in the Conservative Manifesto and the last time the UK planted 30,000 hectares in one year was 1989.
Next year, we believe that the UK will be unlikely to meet its tree planting targets unless it’s enshrined in law. A legally binding target for tree planting is the only way of catalysing real action. It will also bring many benefits: an increase in biodiversity, reconnect people with nature and help deliver on our net zero target. There’s an increasing recognition from business about the importance of nature, with the Biodiversity COP taking place in May 2021.
Gresham House s Wickham Market battery project. Image: Gresham House (GRID).
EDF is set to optimise Gresham House Energy Storage Fund’s 50MW Wickham Market lithium-ion battery site.
The French energy giant will use its Powershift platform to optimise the asset to deliver optimal value and minimise battery degradation at the site in Suffolk, England.
Capable of storing 75MWh of energy, the site is one of the largest in the UK. The number of 50MW projects is growing however, with Gresham alone owning a number of largescale sites such as Thurcroft (50MW) and Red Scar (49MW).
In July, regulations were also changed to allow even larger storage projects, removing the limit of 50MW in England and 350MW in Wales. Already this has enabled the UK’s largest ever project to be announced, with InterGen’s 320MW battery set to dwarf others in the country.
(pictured) energy storage project in the UK.
The deal will see EDF, alongside controls partner Upside Energy, direct the battery’s energy flow into all markets including dynamic containment, generating revenue for the fund both within and outside National Grid relationships.
The agreement results from EDF’s track record of maximising revenues for two of the fund’s other assets, at Littlebrook and Rufford, which were signed up in September 2019.
EDF has also supported Gresham House Energy Storage Fund through the asset’s initial energisation period.
The company will operate the asset to deliver optimal value and minimise battery degradation.
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