ERCOT battery storage revenues in August 2024 reached $87/kW (annualized), marking a 31% increase over the first half of the year.
30% of August's battery revenues came from a single day - when Real-Time prices neared $5,000/MWh, highlighting extreme volatility.
Energy arbitrage made up 45% of revenues, the highest monthly share to date, as Ancillary Service markets continued to saturate.

Subscribers to Modo Energy’s Research will also find out:

Which battery owners and sites outperformed the ERCOT BESS Index in August.
How Plus Power and Jupiter Power capitalized on arbitrage opportunities while Ancillary Service-dependent portfolios lagged.
Why shorter-duration batteries earned higher per-kWh revenues than longer-duration systems this month.

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Watch the video to get a flavor of the full report.

Introduction

In August 2024, battery energy storage systems listed on Modo Energy’s ERCOT BESS Index earned average revenues of $87/kW (annualized).

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German BESS investment outlook: Executive summary

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