When we looked at planned Q3 buildout back in July, we thought we might see around 500 MW of new battery energy storage capacity come online last quarter - based on announced commissioning dates.

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NEM BESS Outlook Q1 2026: The merchant investment case for grid-scale batteries

The merchant investment case for grid-scale batteries in the National Electricity Market is changing.Coal retirements are reshaping price formation, while rapid battery deployment is compressing spreads and increasing competition between storage assets...

PJM in February 2026: Record revenues were driven by surging Regulation prices

Revenue Benchmark

2 days ago

PJM in February 2026: Record revenues were driven by surging Regulation prices

PJM Regulation prices hit a record $194/MWh in February 2026, driving potential revenues of $56/kW-month for a 1 MW, 4-hour battery.

NYISO in February 2026: Energy prices normalized after the storm, upstate Reference Prices remained elevated

Revenue Benchmark

2 days ago

NYISO in February 2026: Energy prices normalized after the storm, upstate Reference Prices remained elevated

February wholesale prices fell from over $200/MWh to below $60/MWh as markets recovered from Winter Storm Fern, but upstate Reference Prices stayed near $90/MW-day.

ISO-NE February 2026 benchmark: did winter pricing lift BESS margins?

Market updates

2 days ago

ISO-NE February 2026 benchmark: did winter pricing lift BESS margins?

Winter heating load and tight gas supply lifted ISO-NE day-ahead prices in February, widening tolling spreads across zones. Connecticut and Maine led zonal spread performance while ancillary service prices remained elevated relative to other Eastern Interconnection markets.

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