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Research

RTC+B: How Real-Time Co-Optimization will affect Ancillary Services for batteries in ERCOT
Market & Policy Updates

19 Sep 2025

RTC+B will change how batteries participate in Ancillary Services. These long awaited changes will offer more flexibility, but also more complexity.
Part 2: How to price a BESS tolling agreement
Market Analysis

05 Sep 2025

How can you use revenue forecasts to price a tolling agreement? In this analysis, we explore how to synthesize an IRR target and revenue projections.
Part 1: The state of battery offtake and tolling agreements in ERCOT
Market & Policy Updates

04 Sep 2025

Offtake agreements de-risk investment in storage projects. What do we know about the current landscape of these contracts in ERCOT today?
ERCOT: Benchmarking optimizer performance with capture rates
Market Analysis

21 Aug 2025

Capture rates are an increasingly important metric as energy arbitrage contributes a larger part of the battery revenue stack. But, what influences them?

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