Baringa makes the project financeable by structuring a commercial model that links battery developer, financier, energy supplier and optimiser.
Arsenal was the first Premier League club to switch to 100% green electricity, supplied by a network of solar farms and anaerobic digestion plants. The battery storage system (BSS) is the latest development in the club’s sustainability programme.
Third party funded batteries behind-the-meter can offer significant savings to commercial and industrial hosts, as well as additional revenues from the sale of services to the National Grid. Successful execution requires not just sound economics but also a workable and scalable commercial proposition.
We advised developer Pivot Power and financier Downing LLP on the project to install a battery storage system (BSS) at Emirates Stadium.
We provided commercial and market advice for the delivery of this market leading fully funded 3MW battery project and developed a novel commercial structure that enabled Pivot Power to continue to drive savings were Arsenal to switch supplier.
Market access arrangements and service agreements for the project were drawn up with energy supplier Octopus and optimiser Open Energi.
Outcomes and Impact
The 3MW/3.7MWh BSS is the first at a UK football club, and one of the largest at any sports ground in the world. It will bring immediate benefits to the club, cutting electricity bills and supporting a low-carbon grid, as well as additional revenues from sale of services to the National Grid. The BSS will store enough energy to run Emirates Stadium from kick-off to full time on match days and is the latest development in the club’s sustainability programme.
A novel commercial structure allows Pivot Power to continue to drive savings were Arsenal to switch supplier.
Ryan Thomson, Partner at Baringa Partners:
"Arsenal is working hard to make itself a more sustainable club and we’ve enjoyed helping it realise this goal. To have such a major global sporting brand thinking about the way it uses energy and putting its money behind battery storage is a real sign of how seriously organisations now take their energy consumption. We hope more football clubs, and other big brands with similar energy demands, will follow the example Arsenal is setting."
Mark Allen, CEO Pivot Power:
"Baringa provided a truly end-to-end offering; helping build confidence in the economic case for the battery as well as helping structure a financeable but workable commercial model."