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.