A Circuit Ltd is seeking to secure sites of 2 acres or buildings of around 10,000 sq. ft. capable of housing battery storage facilities, we can also use virgin land, but this would need more planning permission to obtain hard standing which could also be used.
The batteries, producing around 10 Mw of power per site, will charge when the National Grid has surplus power and deliver the stored power back to the National Grid at times of peak demand.
Income to each project is direct from the electricity supply markets and is therefore not reliant on unstable Government incentive schemes such as the Feed-in Tariff.
Landlords are also offered substantial option premiums to cover the period required to secure grid connection and planning consent, followed by a 25-year index-linked income stream.
Starting rents are up to £50,000 per year, depending on the cost and speed of grid connection available to each site, this will be determined by the distance from the POC (Point of Connection).
Mr Ian Gardner, partner at A Circuit Ltd said:
“We are delighted to be working with some of the best finance houses on this exciting new concept, which will now help make the Countries power supply safe for Years to come.
We are anticipating strong interest from landlord’s keen to secure a long term, stable income stream from their land and buildings from a use which is very easy to accommodate alongside other tenant uses. And for once you do not have to be a very large and usually rich landowner to get involved if you have around an acre of land you can take advantage of this scheme”.
We would welcome all discussions with commercial landowners about adding this new opportunity to their portfolio.
“Battery storage facilities represent the future of on-demand energy supply. They bring much needed stability to the energy supply market in a clean and sustainable manner, replacing previously ill-conceived schemes involving noisy, polluting diesel generation technologies.”
A Circuit Ltd is also trying to acquire agricultural sites suitable for battery storage barns.
The concept is similar but focused on rural locations, offering agricultural landowners the opportunity to diversify their income stream together with the option to purchase the building constructed to house the batteries at the end of the lease for £1, this lease period usually being 25 Years.
For more information please view our Battery Storage Q & As page