Varco energy chooses fluence to deliver battery energy storage project providing critical grid flexibility in great britain

London, sept. 13, 2023 (globe newswire) -- varco energy (varco), a pioneering uk-based battery-based energy storage asset owner and operator, has chosen fluence energy uk ltd. (fluence), a subsidiary of fluence energy, inc. (nasdaq: flnc) to deliver one of its first battery-based energy storage systems in the united kingdom. the 57 mw / 137.5 mwh project, named sizing john, will be deployed at a substation in rainhill, south of st helens. it will support national grid energy system operator (ngeso) in balancing the power grid as more intermittent renewables come online, by providing a suite of fast-acting flexibility services. the project will also trade on wholesale power markets to help load shift excess renewable energy into periods of peak demand, as well as support energy security through participating in the capacity market.
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