Spain introduced a new national aFRR (automatic Frequency Restoration Reserve) market in November 2024 as a preparatory step, and then fully connected to the PICASSO European platform on 17 June 2025. This shift has reshaped how bids are submitted (including asymmetric bids), how prices form, and where the value lies upward and downward.

Key takeaways

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German BESS investment outlook: Executive summary

This is the Q1 2026 edition of Modo Energy's quarterly German BESS investment outlook, distilling what investors need to know when committing capital to German batteries.

MISO fast-tracks natural gas and BESS to meet data center demand

Market updates

3 days ago

MISO fast-tracks natural gas and BESS to meet data center demand

Battery energy storage accounts for 27% of MISO ERAS Cycle 3 capacity. NIPSCO leads with 3.3 GW across gas and storage as the program nears its 68-project cap.

NEM battery adjusted capture rates — 13 March 2026

Research and Analysis

4 days ago

NEM battery adjusted capture rates — 13 March 2026

How did Australia's NEM batteries perform on capture rate for the week ending 12 March 2026?

German BESS investment outlook: Bankable routes to market

Market updates

4 days ago

German BESS investment outlook: Bankable routes to market

Getting a battery to market in Germany means solving two problems. First, grid access: the queue is full, so green co-location offers a faster route. Second, revenue structure: volatile merchant cashflows need packaging into a form lenders will finance, without signing away all the upside.

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