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Downing partners with Pivot Power to launch battery storage system 2018
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The 3MW/3.7MWh BSS, one of the largest at any sports ground in the world at present and the first at a UK football club, will bring Arsenal immediate benefits, cutting electricity bills, and earning money by supporting a low-carbon grid.
It will go live November 2018, having been installed by Pivot Power in the basement of the stadium, with further storage capacity to be added in summer 2019. Pivot Power will operate the BSS for 15 years.
The 3MW BSS has been designed to meet Arsenal’s peak consumption and will store enough energy to run the 60,000-seater Emirates Stadium for an entire match. It could power up to 2,700 homes for two hours - more than enough time to watch the match at home.
Minister for Energy and Clean Growth Claire Perry, commented following the battery’s unveiling said: “The UK is certainly not being left-back on the bench, with Arsenal truly moving the goal posts when it comes to energy efficiency at Emirates Stadium. This project scores the hat-trick of tackling peak prices and storing clean energy, with the goal of selling back energy to the grid at peak times. A more flexible energy grid could save the UK billions and this kind of cutting-edge technology shows companies the potential of being part of the beautiful game of smarter energy systems.”
The battery will provide a range of services that will support the UK’s transition to a low-carbon economy, providing flexible capacity that will help the electricity network accommodate more renewable generation and support the growth of clean technologies like electric vehicles and heat pumps. This marks a further step in Arsenal’s sustainability programme, having already become the first Premier League club to switch to 100% green electricity, supplied by a network of solar farms and anaerobic digestion plants.
Mehal Shah, Investment Manager at Downing LLP, said:“We’ve been building a successful relationship with Pivot Power for some time now and this latest landmark deal will make big companies and investors take notice. Battery storage is attracting growing interest from smart businesses that see the opportunity to benefit from supporting the low-carbon transition.”
Pivot Power CEO Matt Allen added:“Arsenal is showing how football clubs and other big power users can save money and support the UK’s climate change and clean air targets. Batteries are central to creating a cost-effective, low-carbon economy and we are keen to help government, local authorities and businesses seize the opportunities they offer.”
Downing LLP is also providing key investment in a nationwide network of 50MW grid-scale batteries and rapid electric vehicle charging SuperHubs, developed by Pivot Power. It has received planning permission to install batteries on the first two of 45 planned sites connected to National Grid’s extra-high voltage transmission system, at Southampton and Carlisle.
Downing LLP’s advisers in this deal: legal, Burges Salmon; commercial, Baringa Partners; technical, RINA Consulting.
