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Bushveld Minerals

UK local energy market trial achieves ‘breakthrough’ as flexibility trading platform goes live

Centrica, one of the UK’s largest energy companies, is celebrating a “major breakthrough” as its flexibility trading platform goes live.

The platform allows both the UK’s transmission system operator, National Grid ESO, and one of its distribution network operators (DNOs), Western Power Distribution (WPD), to simultaneously procure flexibility. It is the first platform to allow two operators to do this in the world, Centrica said.

A 1MWh redT vanadium redox flow battery system was installed in 2017. RedT is currently in the middle of a merger with US vanadium redox flow battery maker Avalon Battery, a move which now has the backing of vanadium producer Bushveld Minerals.

Bushveld Minerals Limited (LON:BMN), together with its subsidiaries, engages in the exploration and development of mineral projects in South Africa. It operates through three segments: Vanadium and Iron Ore, Coal Exploration, and Vanadium Mining and Production. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.