Executive Summary - Battery revenues and operations:
- Battery energy storage revenues in Great Britain (GB) averaged £50k/MW/year in 2024, but the highest-earning systems earned 50% more than this.
- 2024 was split into three ‘phases’ - low wholesale spreads in the first quarter, six months where revenues and wind correlated, and a period of wholesale price spikes at the end of the year.
- Batteries used a range of strategies and services, like Dynamic Regulation and wholesale trading, depending on their duration, size and location.
Subscribers to Modo Energy’s Research will also find out:
- Which batteries made the best use of each service and each market available to maximize revenues.
- What type of battery each service and strategy is suited to.
- Upcoming policy and market changes to look out for in 2025, that will impact these strategies.
To get full access to Modo Energy’s Research, book a call with a member of the team today.
Battery revenues had three ‘phases’ in 2024
Battery revenues fluctuated throughout much of 2024, but the year can be divided into three sections.