The UK electricity system is in need of new ‘peaking’ generation capacity to both replace ageing plants and to cover the intermittency of generation provided by the new large renewable projects. In fact for every 8MW of wind installed, around 1 MW of new peaking plant is required – so an increasing amount of peaking plant is essential to enable the significant growth in renewable energy that is planned over the next few years.
Our plants provide the UK electricity grid stability and security through ancillary services contracted by the National Grid. We have identified a range of sites across the UK as a base for our new build projects.
PeakGen aims to grow to several hundred MW of installed capacity over the next five years. This compares with a total estimated market for new peaking capacity of 2000-4000MW over the same period.
Our growth will come from aggressive organic development but we are also continually looking at acquisition opportunities.
We aim to be the supplier of choice to National Grid for ancillary services.