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| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | National Wealth Fund Limited |
| Main Category: | Services |
| Procurement Method: | Call-off from a dynamic purchasing system |
| Tender Status: | Closed |
| Estimated Value (ex. VAT): |
| £316,250 |
| Release Date: | 15 April 2025 |
| Application Deadline: | 10 March 2025 |
| Contract Start Date: | 3 April 2025 |
| Contract End Date: | 3 April 2028 |
| Contract Duration: | 3.1 years |
| Procurement ID (OCID): | ocds-b5fd17-36d9a7fe-da20-4c24-8f7e-8ed460e32a2a |
| Notice Reference: | 79503db5-15b5-4a66-9c0b-8e47f72922dc-840539 |
View Original Notice
Access the full notice on the official portal
Awarded to
| Award value: | £544,250 |
| Award decision date: | 2 April 2025 |
| Award status: | Active |
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 second of the two contract awards. This contract shall commence in April 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 £316,250 and £544,250 excluding VAT depending on the execution of available extension options. The contract may be extended up until 3 April 2030. NWF has the option to purchase various additional ancillary services as set out in the contract. The value of such services are not included in the value of this notice. If these are purchased this notice will be updated accordingly.
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Pipeline status
Not addedImports the contract into your BidWriter pipeline · Qualify before you commit to bid
Application Deadline
10 March 2025
Closed
Estimated Value
£316,250
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