Award

C0943 Battery Energy Storage Market Data Services

NATIONAL WEALTH FUND LIMITED

This public procurement record has 1 release in its history.

Award

11 Apr 2025 at 15:42

Award Notice
Summary of the contracting process

The National Wealth Fund Limited (NWF) has awarded a contract for "C0943 Battery Energy Storage Market Data Services" to Modo energy Limited. This procurement falls under the data services industry category with additional classifications in research and development services and market research. The award date was 28th March 2025, and the contract initially runs from 31st March 2025 to 30th March 2028, with potential extensions up to 30th March 2030. The total contract value ranges between £300,000 and £500,000, depending on whether extension options are executed. The procurement method was selective, utilising a call-off from a dynamic purchasing system, and is now in the award stage. Key locations for service delivery include London and the Yorkshire and the Humber region in the United Kingdom.

This tender provides significant opportunities for businesses specialising in battery energy storage systems, market forecasting, and consultancy services. Companies with innovative data analysis tools, customisable reporting platforms, and robust implementation support will be well-suited to compete. The service includes forecasting market data and outturn revenue data for BESS assets, which can help businesses generate bankable forecasts and valuations. Additionally, the contract allows for the purchase of various ancillary services, providing further growth opportunities for the successful bidder.

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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 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 PS300,000.00 and PS500,000.00 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-536a5f52-f578-4952-8de4-b42305835f03
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6612afd2-78ae-4cde-84bb-77a298d55884
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
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
£500,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
11 Apr 202510 months ago
Submission Deadline
10 Mar 2025Expired
Future Notice Date
Not specified
Award Date
28 Mar 202511 months ago
Contract Period
30 Mar 2025 - 30 Mar 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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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

MODO ENERGY

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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