• The Modo Energy Terminal

    One platform to understand, value and benchmark energy asset globally.

  • Modo Energy Media

    Global news and insights on power markets, BESS, renewables and data centres.

Log inSign up
ENERGY STORAGESOLARCO-LOCATIONCOMMERCIAL & INDUSTRIALDATA CENTRESWIND
12 January 2024

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

Written by:
Neil Weaver

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

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

Related articles
Capacity Market: 2026/27 T-1 auction set to clear well below last year's price
Research and Analysis

7 hours ago

The 2026/27 T-1 Capacity Market auction has 9.8 GW of derated qualified capacity against a 6.3 GW target. Historical trends point to a clearing price well below last year's £20/kW/yr.
Where to build a BESS in MISO?
Battery Buildout

1 day ago

784 MW of BESS operates in MISO while 49 GW queues. State mandates and utility IRPs target 7,730 MW by 2030. Five states, five risk profiles.
Estimating BESS de-rating factors for Spain’s capacity market
Research and Analysis

2 days ago

This articles provides estimations on BESS de-rating factors for Spain's capacity market and what that means for BESS owners.
German BESS investment outlook: Risk analysis
Market Outlook

5 days ago

German BESS projects deliver 12–14% unlevered IRRs. But how far can those returns fall? A merchant battery is exposed to the power market for 20 years. Returns are heavily influenced by gas prices, demand development, buildout pace and specific project risks.
Modo Energy Logo
B certified logo
Better business act logo
One percent for the planet logo

Resources

  • All research
  • The Energy Academy
  • Transmission: The Podcast
  • Weekly Dispatch: Newsletter
  • Live Events
  • Careers
  • RSS

Legal

  • Website Terms of Service
  • Privacy Policy
  • Conflict of Interest Policy
  • Benchmark Complaints
  • Open Source Notice

Support

  • Help Centre
  • Schedule a call
  • Live chat
  • Status Page
  • Suggestions

Copyright© 2026 Modo Energy. All rights reserved