Published date: 11 April 2025

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 10 March 2025, 12pm

Contract summary

Industry

  • Data services - 72300000

  • Research and development services and related consultancy services - 73000000

  • Market and economic research; polling and statistics - 79300000

Location of contract

LS1 4HR

Value of contract

£300,000 to £500,000

Procurement reference

CF-0002000D8d000008FPzjEAG

Published date

11 April 2025

Closing date

10 March 2025

Closing time

12pm

Contract start date

31 March 2025

Contract end date

30 March 2028

Contract type

Service contract

Procedure type

Call-off from a dynamic purchasing system

A mini-competition or direct purchase from a pre-established dynamic purchasing system.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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.

Award information

Awarded date

28 March 2025

Contract start date

31 March 2025

Contract end date

30 March 2028

Total value of contract

£500,000

This contract was awarded to 1 supplier.

Modo energy Limited

Address

5th Floor, 24 Stephenson Way, London, NW1 2HD

Reference

None

About the buyer

Contact name

Procurement Team

Address

2 Whitehall Quay
Leeds
LS1 4HR
GB

Email

procurement@nationalwealthfund.org.uk