Arenko, a leading technology provider, building a sustainable future by enabling a zero-carbon grid worldwide, and Gresham House Energy Storage Fund (“Gresham”) have agreed to expand the scope of their relationship with an asset management software deal covering some of the assets which are subject to Gresham’s recently announced tolling agreement with Octopus Energy.
The deal which covers 250MW of batteries across six sites will see Gresham purchase Arenko’s proprietary Nimbus Performance enterprise software. Nimbus Performance will provide Gresham 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.
Nimbus Performance will also create a “Digital Passport” for the asset’s data helping deliver long term M&A value from the assets.
The projects were live on Nimbus Performance within a week of contract signing.
The Nimbus platform is a secure, resilient and scalable enterprise SaaS platform for accessing, controlling, trading and managing batteries, co-located assets and standalone renewable energy portfolios. Nimbus consists of onsite hardware (Iris), and cloud-based software with intuitive user Interfaces designed for a variety of stakeholders (across asset management, trading and back office functionality) and programmatic interfaces for advanced integrations into existing IT infrastructure and third party software applications.
Rupert Newland, Founder and CEO of Arenko Group, said: “We are delighted to be expanding our relationship with Gresham who we have a longstanding relationship with and are looking forward to supporting them in the next phase of their business.”