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C0943 Battery Energy Storage Market Data Services

National Wealth Fund Limited

Awarded
services

This tender has closed

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Key details

Contracting authority
Region
Leeds
Contract value
£500,000ex VAT
Submissions closed
10 March 2025
Published
11 April 2025

Procurement

Contract period
31 March 2025 - 30 March 2028
3 years
Procedure type
Call-off from a dynamic purchasing system
CPV classifications
  • 72300000 Data services
  • 73000000 Research and development services and related consultancy services
  • 79300000 Market and economic research; polling and statistics

What happened

National Wealth Fund Limited awarded this contract to Modo energy Limited worth £500,000 on 28 Mar 2025. The contract runs until 30 Mar 2028.

Description

NWF has procured two solution(s) to deliver the following service elements as a minimum:

  • Provide forecasting market data for Battery Energy Storage System ("BESS") assets via an interactive tool / platform including access to periodic reports;
  • Provide outturn revenue data for individual BESS assets and the UK fleet via an interactive tool / platform, split out by each element of the revenue stack. If possible, the solution will also be able to show outturn Optimiser performance;
  • Provide web-based platform(s) that NWF can access on demand, manipulate and customise without requirement to engage with the Supplier;
  • Provide related onboarding services to deliver a smooth implementation; and
  • Provide the necessary ongoing support of the procured services.

The tool(s) / platform(s) provide:

o forecast and outturn data, research and insights for the BESS market in Great Britain (GB), and if possible, for Longer Duration Energy Storage ("LDES"); o standardised pre-built reports / forecasts for the BESS market; o the ability to produce site-specific revenue forecasts (asset valuations), creating bankable forecasts / valuations.

This notice relates to the first of the two contract awards.

This contract shall commence in March 2025 and the service products shall have a 3 year initial subscription period with the option to extend by a further two years in the form of two optional one year extension periods i.e., a maximum of five years in total.

The value of this contract will range between £300,000.00 and £500,000.00 excluding VAT depending on the execution of available extension options. The contract may be extended up until 30 March 2030.

NWF has the option to purchase various additional ancillary services as set out in the contract. The value of such additional services are not included in the value of this notice. If these are purchased this notice will be updated accordingly.

Awarded supplier

Supplier
Modo energy Limited
Award value
£500,000
Award date
28 March 2025

Contact

Address
2 Whitehall Quay, Leeds, LS1 4HR
Contact name
Procurement Team

Identifiers

Buyer reference
CF-0002000D8d000008FPzjEAG
Notice ID
6612afd2-78ae-4cde-84bb-77a298d55884-840224
OCID
ocds-b5fd17-536a5f52-f578-4952-8de4-b42305835f03

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External ID: cf-ocds-b5fd17-536a5f52-f578-4952-8de4-b42305835f03 • Added 3 October 2026