Ampeak Energy Strategy - Building a sustainable future to 2035
Ampeak Energy has a clear strategy for success that will see it unlock value in the business and deliver returns for our shareholders. It’s a path to deliver a pipeline of projects that will achieve our goal of being a leading sustainable project developer, owner and operator, ensuring long-term value for our shareholders.
Our strategy directly supports UK government policy to improve energy security and achieve Net Zero by 2050.
Ampeak Energy has the foundations and strategy to deliver. To achieve its goals by 2030 Ampeak Energy’s strategy will be focused on:
Ampeak Energy has gained significant experience of BESS development projects at its Uskmouth site. It also knows the local area of Caithness exceptionally well having been involved there for nearly 20 years. With the large number of new wind projects in North Scotland there is demand for BESS to help manage the grid. Ampeak Energy’s strategy is to use its experience to meet the demand.
Ampeak Energy already has the experience, 50MW of revenue support from the CfD scheme and the project partners to deliver, and our strategy is to work closely and collaboratively alongside the Scottish Government to ensure we hit this milestone.
The Uskmouth site is arguably one of the best locations for large scale BESS in the country. Ampeak Energy is the owner and operator of the site and plans to use this unique position to maximise the site
potential.
To achieve its goals by 2035 Ampeak Energy’s strategy will be focused on:
Ampeak Energy’s strategy is to remain focussed on maximising all the potential at the Uskmouth and Mey sites. In delivering this target Ampeak Energy will become a leading Independent Power Producer in the UK and will benefit from the long-term sustainable revenue streams these assets will provide.
SAmpeak Energy will continue to engage with the UK Government and use its broad support base to continue to make the case for tidal stream at scale. Ampeak Energy will also continue to ensure that MeyGen is at the forefront of the technology’s deployment. Ampeak Energy will continue to be the world’s largest tidal stream IPP and benefit from the long term sustainable and predictable revenue streams this asset will provide.
In designing our BESS schemes Ampeak Energy has sought to secure development and land rights to enable all our BESS projects to be easily augmented from 2-hour to 4-hour duration doubling the energy capacity of our assets from 1,800MWh to 3,600MWh. As intermittent renewable energy penetration increases, and fossil fuel generation reduces we expect an increase in demand for longer duration storage systems. Ampeak Energy will be well placed to rapidly serve this increased demand through expansion of our BESS assets.