Drax Group Signs Long Term Battery Tolling Deal with Fidra Energy

Drax Group has reached a 10-year tolling agreement for a 250-megawatt battery storage project in West Burton. The deal requires no upfront capital costs.

洞察:
Drax Group plc has finalized a 10-year tolling agreement with Fidra Energy for a 250-megawatt battery energy storage system at West Burton in Nottinghamshire. This arrangement provides the company with contracted operational rights to the two-hour storage asset without any upfront capital expenditure. Under the contract, Drax Group plcwill pay a fixed annual tolling fee over the term, and the agreement is indexed to inflation in the United Kingdom GBGB.
Signage is seen on the side of a train delivering biomass fuel pellets at the Drax Power station near Selby, Britain, December 13, 2024. REUTERS/Phil Noble
Signage is seen on the side of a train delivering biomass fuel pellets at the Drax Power station near Selby, Britain, December 13, 2024. REUTERS/Phil Noble
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