Arenko, a leading technology provider, building a sustainable future by enabling a zero-carbon grid worldwide, and Varco Energy (“Varco”), a pioneering UK-based battery storage asset owner and operator, have agreed a deal to expand the scope of their relationship with an asset management software deal across some of the longest duration battery assets in the UK representing nearly 160MW/377MWh on three projects.
The deal marks an expansion of Varco and Arenko’s initial trading services relationship and will see Varco purchasing Arenko’s Nimbus Performance product across their battery portfolio. Nimbus Performance is Arenko’s game changing asset management software solution that provides asset owners comprehensive and unique data insights across diversified and complex asset portfolios. The first project was energised in August 2024 and will immediately be migrated onto Nimbus Performance, with two further large-scale projects migrating onto Nimbus as they energise in the coming months. Nimbus Performance will provide Varco with enhanced asset operations capabilities, real time asset telemetry, performance insights and alerting and reporting capabilities designed to help drive technical performance across the portfolio.
This agreement follows a similar large scale software deal announced between Arenko and Gresham House announced on 5 September 2024, with Gresham House purchasing Nimbus Performance on 250MW of batteries to help manage some of their tolling arrangements with Octopus.
Nimbus, Arenko’s proprietary enterprise grade software platform, helps large energy companies to manage diverse and complex renewables and battery portfolios:
- Standardising and operationalising data flows
- Streamlining connectivity and integrations with existing IT systems and third party software
- Automating key processes
Nimbus links key stakeholders onto a single, common, digital backbone with applications for asset managers, owners, traders and back-office teams.
Rupert Newland, Founder and CEO of Arenko Group, said: “This exciting contract is further evidence of a growing trend among the most advanced asset owners to focus on actively managing the technical performance of their portfolios across multiple projects and stakeholders. Our Nimbus enterprise software is consistently being chosen to support some of the most complex and active asset portfolios across batteries and renewables.
“Varco Energy have done an awesome job bringing some of the largest and longest duration UK battery assets into operations and we are delighted to be expanding our relationship with them as they start supporting the UK electricity grid.”
James Mills, Director, Varco Energy said: “Varco is pleased to extend Its partnership with Arenko by deploying their fully integrated, digitalized data and asset management software platform. We believe the enhanced insight, control, and real-time management capabilities this provides will deliver significant value to our investors and the broader energy system. As batteries emerge as the pivotal asset class in the energy transition, their digital nature offers a unique source of value and flexibility.”