Leading energy tech company Limejump has signed a new flexible Power Purchase Agreement with Alphagen Renewables, which develops and operates small to medium scale landfill gas to energy projects. Limejump will manage six of Alphagen Renewables’ operations in the UK, including the Docking Biogas plant in Norfolk, through its pioneering Virtual Power Platform (VPP).
Alphagen Renewables and its partner Albion Community Power operate the Docking Biogas microgeneration plant under a 20-year contract with Norfolk County Council.
Limejump’s PPA deal will provide Alphagen with wholesale energy market trading access, valued at £180,000 per year. It further strengthens Limejump’s renewable dominated VPP, allowing Limejump and its customers, like Alphagen, to compete against traditional fossil-fuel power plants, ensuring that distributed sources of renewable energy are a mainstay of the UK electricity system. It is this type of operation that recently enabled the UK to achieve its first coal-free week since before the Industrial Revolution.
Limejump’s machine learning Artificial Intelligence (AI) allows advanced forecasting to enable automatic trading of Alphagen’s six generation sites at the optimised time to provide the best return on its investment.
The type of PPA signed is a Limejump flexible Track ‘n’ Trade agreement which allows Alphagen to utilise market pricing information to ‘track’ the market and lock their price in at their optimum time. This methodology, developed by Limejump, can reward sophisticated trading and flexibility with higher returns whilst managing increasing price fluctuation risk.
Richard Tipping, Managing Director of Alphagen Renewables said: “Limejump’s experience in the wholesale market and the machine learning backed trading strategies that Limejump utilise are hugely beneficial for our size and type of business, helping us to maximise our return on our investment.”
Limejump’s Vice President of Sales, Joe McDonald said: “This latest PPA agreement, following our recent contracts with DHG Hydroand National Trust Wales, highlights our ability and flexibility to work with generation types and sizes across the full energy spectrum. “
“Limejump’s expertise in technology, energy management and energy trading are placing us at the heart of the UK’s energy transition to the greater decentralisation of the country’s energy system. Our Virtual Power Platform, alongside our flexible PPA offering, is helping Alphagen and a host of other smaller energy companies to compete and grow in this rapidly evolving market. This technology platform is proving that renewable energy sources can power the UK, not in 10 or 5 years, but now.”
For further information:
Joshua Greedy– Head of Marketing: 020 8396 6848
Limejump is an award-winning digital energy platform, providing optimised routes to market for customers with electricity generating or consuming assets in the UK. Limejump manages one of the largest portfolios of batteries in the world through its Virtual Power Platform.
Embracing sustainable energy generation such as hydro, solar, wind and AD, Limejump is replacing carbon-emitting legacy energy generation through precise connectivity and asset control in its VPP, thereby creating revenue opportunities for renewable energy developers and investors. This encourages further investment in renewables, increases the volume of renewables in the wholesale market and leads the UK closer to the ultimate aim of removing carbon emissions from the environment.
In addition, Limejump provides its customers with market insight and daily market analysis, granular billing, performance data and customer support.
Limejump is a member of the Shell group.
About Alphagen Renewables,visit www.alphagenrenewables.co.uk