In the past few years, Texas has become one of the biggest battery energy storage markets in the world. But how much money are battery energy storage systems in ERCOT actually making?

Get full access to Modo Energy Research

Already a subscriber?

Log in

Capacity Market: 2026/27 T-4 auction clears at £27/kW/yr

The 2029/30 T-4 Capacity Market auction cleared at £27.10/kW/yr, less than half the £60+/kW/yr seen in the last three auctions. Lower capex thresholds brought a surge of refurbishing gas into the stack.

European BESS financing report: 2025 in review

Market updates

2 hours ago

European BESS financing report: 2025 in review

Europe closed 77 BESS financing deals in 2025, triple the 25 in 2024. Disclosed debt rose from EUR 1.4 billion to EUR 5.0 billion across 13 countries.

Capacity Market: 2026/27 T-1 auction clears at £5/kW/yr

Research and Analysis

3 hours ago

Capacity Market: 2026/27 T-1 auction clears at £5/kW/yr

The 2026/27 T-1 Capacity Market auction cleared at £5/kW/yr, the lowest since the 2020/21 auction. 7.2 GW was procured against a 6.3 GW target as oversupply pushed the auction through all 15 rounds.

4 hours ago

Could flexible demand unlock Spain's congested connection queue?

The CNMC's proposed resolution creates four types of flexible demand access for BESS in Spain, replacing the binary model of firm access or denial.

Modo Energy (Benchmarking) Ltd. is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority (Firm number 1042606) under Article 34 of the Regulation (EU) 2016/1011/EU) – Benchmarks Regulation (UK BMR).

ERCOT: how much money did battery energy storage make in H1 2023?

ERCOT: how much money did battery energy storage make in H1 2023?

Capacity Market: 2026/27 T-4 auction clears at £27/kW/yr

​European BESS financing report: 2025 in review

Capacity Market: 2026/27 T-1 auction clears at £5/kW/yr

Could flexible demand unlock Spain's congested connection queue?

Products:

Recurring Workflows:

Solutions:

By Team:

Resources:

Company:

European BESS financing report: 2025 in review