Explainers1 day agoVirtual tolls for battery energy storage have been on the rise in the NEM, with the first contracts going live at the end of 2024. This is part of a wider trend of a shift towards financially-based offtake agreements, instead of traditional physical to...
Podcast5 days agoItaly is rapidly emerging as a major market for battery energy storage - but, unlike other regions, its approach has been highly structured. Instead of relying on pure merchant risk, Italy’s system operator is leading capacity auctions to accelerate de...
Market Analysis5 days agoThe Energy Storage Summit Australia took place on 18th and 19th March 2025 in Sydney. On day one, Modo Energy’s Country Director Wendel discussed the key trends for battery energy storage in Australia’s National Electricity Market (NEM). This article s...
Benchmark Report6 days agoExecutive Summary: Battery energy storage revenues decreased by over 70% in 2024.Commercially operational battery energy storage capacity doubled for the third year in a row.19% of batteries earned revenues that were higher than the average top-and-bot...
Forecast OutlookExecutive Summary: On March 17, 2025, Harmony Energy Income Trust plc (HEIT) and Foresight Group LLP (Foresight) made a joint statement regarding a possible cash offer for HEIT by Foresight.This development follows our February analysis of Great Britai...
Forecast OutlookExecutive Summary:Wind generation plays a crucial role in shaping battery energy storage revenues in Great Britain. A 10% rise in wind generation can increase battery revenue forecasts by 2-5% between 2025 and 2029, driven by deeper price troughs, wide...
Research RoundupOur research in February took a deep look at the operational strategies of battery energy storage systems in 2024 and 2025 so far and how these could be impacted in future. From the top strategies to outperform the index in 2024 to the methods used by ...
Battery OperationsIn February 2025, battery energy storage systems in South Australia led earnings across the NEM from high energy trading revenues in several periods of extreme prices. However, differences in battery operations meant South Australian batteries earned d...
Market AnalysisExecutive Summary: The T-4 Capacity Market auction for delivery year 2028/29 took place on Tuesday 11th March 2025.-The auction cleared at a price of £60/kW/year - the third highest price ever.A record high amount of battery capacity was awarded contra...
PodcastFinancing large-scale renewable energy projects is no small feat. Developers face complex challenges, from securing capital and managing market risk in volatile electricity markets and navigating shifting regulations. Corporate power buyers play a huge...
Forecast OutlookExecutive Summary: CAISO’s stakeholder process is bringing substantial policy and market design changes to fruition in 2025.Many of the most significant changes involve battery energy storage system operations - including state-of-charge management and...
Benchmark ReportExecutive Summary: Monthly battery energy storage revenues in Great Britain decreased by 13% from January to February.However, Balancing Mechanism revenues for batteries reached their highest-ever level - hitting £27k/MW/year, on average.Wholesale reve...
Market AnalysisExecutive Summary: The T-1 Capacity Market auction for 2025/26 cleared at £20/kW/year, the lowest clearing price in five yearsBatteries won contracts for a record 725 MW of de-rated capacity, 10% more than the previous record set in 2024/25Europe’s lar...
PodcastAs the industry evolves, the role of battery storage is expanding beyond just wholesale trading. The demand for stability services such as synthetic inertia and reactive power are increasing as more renewables enter the grid. Zenobē’s Blackhillock BESS...
Benchmark ReportIn February 2025, average annualised battery energy storage revenues in the NEM were $107k/MW/year, 2% higher than in January. However, each state had significant changes in battery revenues. Queensland battery revenues were only a quarter of what they...
Market updatesLTESA Tender Round 5 results for long-duration energy storage were announced last week. It secured over 1 GW of new power capacity from energy storage with durations of eight hours or longer. This was across three different projects, including a new pu...
Operational Case StudyExecutive Summary: Battery energy storage systems in Great Britain earned £79k/MW/year in January 2025.Jamesfield 2 was the highest-earning battery, earning £136k/MW/year - followed by three other batteries located within 20 miles.Only one battery outs...
Operational Case StudyIn January 2025, Queensland battery revenues were three times the NEM average. This was primarily due to an extreme price event on 22 January that resulted in Queensland batteries earning 57% of their revenue for the month on that day alone.However, ba...
PodcastRaising capital is one of the biggest challenges in the energy storage industry today. While banks and institutional investors are providing more financing than ever, securing debt for battery projects still comes with complexities - especially when de...
