Award

C0943 Battery Energy Storage Market Data Services

NATIONAL WEALTH FUND LIMITED

This public procurement record has 1 release in its history.

Award

15 Apr 2025 at 09:00

Award Notice
Summary of the contracting process

National Wealth Fund Limited (NWF) has awarded a contract titled "C0943 Battery Energy Storage Market Data Services" in the industry category of Data Services. The procurement process, which has reached the award stage, involves the provision of market data services for Battery Energy Storage Systems (BESS). This contract, valued between £316,250 and £544,250 excluding VAT, commences in April 2025 and includes an initial subscription period of three years, with the option to extend up to five years. The service covers multiple regions including London, Yorkshire and the Humber, and is part of a selective procurement method called off from a dynamic purchasing system.

This contract presents significant business growth opportunities, particularly for firms specialising in data services, market research, and economic research related to energy storage systems. The service will include tools for forecasting market data, outturn revenue data, and interactive platforms that provide insights and valuations for BESS assets. Businesses providing web-based platforms, research and development services, or consultancy services in the energy storage sector would be well-suited to compete and deliver value in this space. Aurora Energy Research Limited has been awarded the contract, highlighting their capability in providing comprehensive and on-demand data solutions.

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Notice Information

Notice Title

C0943 Battery Energy Storage Market Data Services

Notice 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 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 PS316,250 and PS544,250 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-36d9a7fe-da20-4c24-8f7e-8ed460e32a2a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/79503db5-15b5-4a66-9c0b-8e47f72922dc
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

73 - Research and development services and related consultancy services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

72300000 - Data services

73000000 - Research and development services and related consultancy services

79300000 - Market and economic research; polling and statistics

Notice Value(s)

Tender Value
£544,250 £500K-£1M
Lots Value
Not specified
Awards Value
£544,250 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
15 Apr 202510 months ago
Submission Deadline
10 Mar 2025Expired
Future Notice Date
Not specified
Award Date
2 Apr 202510 months ago
Contract Period
3 Apr 2025 - 3 Apr 2028 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NATIONAL WEALTH FUND LIMITED
Contact Name
Procurement Team
Contact Email
procurement@nationalwealthfund.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
TLE Yorkshire and The Humber, TLI London
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

AURORA ENERGY RESEARCH

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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