Benchmark Report19 Mar 2025Executive Summary: Battery energy storage revenues decreased by over 70% in 2024.Commercially operational battery energy storage capacity doubled for the third year in a row.19% of batteries earned revenues that were higher than the average top-and-bot...
Policy Update07 Feb 2025Executive SummaryReal-Time Co-Optimization (RTC) could have reduced ERCOT system costs by nearly $6.5 billion between June 2023 and May 2024—a 19% saving.Under RTC, Energy and Ancillary Service awards will be made every five minutes in Real-Time, rathe...
Buildout Report16 Dec 2024Executive SummaryFourteen new battery energy storage systems (BESS) began commercial operations in ERCOT across October and November, adding over 1 GW of rated power.ENGIE led capacity additions, while new entrants like UBS Asset Management and Cypress...
Market Analysis05 Dec 2024Executive SummaryERCOT battery energy storage revenues fell ~70% in 2024 compared to 2023, as market saturation, declining volatility, and weaker demand growth reduced earnings.More than 3.1 GW of new battery capacity came online in 2024, including a n...
