Quinbrook Infrastructure Partners has acquired Habitat Energy Limited, a UK-based optimisation and trading platform for grid-scale battery storage.
Habitat Energy’s team is based in Oxford, UK, and comprises data scientists, software engineers, battery storage experts and power market trading professionals.
It has developed and uses advanced machine learning and algorithmic capabilities to optimise the strategic and financial value of battery storage assets within deregulated power markets, both stand-alone and co-located with renewables.
Habitat has established itself as one of the top performing platforms amongst UK market players focusing on optimising flexible generation and storage. It has been ranked by independent market analysts as a top performing optimiser within the UK battery storage sector.
Quinbrook plans to support Habitat to further develop its technology suite and advanced machine learning capabilities, continuing Habitat’s expansion into Australia and also the US.
Habitat will be deployed to optimise battery storage assets within the Quinbrook portfolio, while continuing to offer its services independently to new and existing clients around the world.
Recent instability in both UK and US power markets have highlighted how critical flexible capacity and storage are to supporting the energy transition, and Quinbrook believes this will only increase. Battery storage is poised for rapid expansion in coming years which must be carefully optimised, both operationally and financially.
David Scaysbrook, Co-founder and Managing Partner of Quinbrook (based in Australia), says: “We believe that the ‘Net Zero’ power systems of tomorrow are moving rapidly and inexorably to a place where renewable power assets and storage in all its forms will be managed and optimised with advanced algorithmic capabilities.
“The transactional velocity and complexity will quickly overwhelm the ability of current practices to cope with the scale of the transition now underway.
“We believe Habitat is truly ahead of the game in devising ‘state of the art’ methods at the leading edge of data science combined with the power markets know-how to maintain competitive edge.
“Habitat is a unique business with a stand-out team and technology platform that we plan to take well beyond battery storage.
“This is an important strategic move for Quinbrook and will further differentiate our capabilities as a specialist investor in next generation renewables.”