Explainers6 hours agoGermany offers strong merchant returns, but volatile cash flows are difficult to finance. Tolling solves this, fixing revenue unlocks more debt at cheaper rates, and this leverage often outweighs merchant upside potential.
Market updates1 day agoMISO's grid held during January's polar vortex, but electricity prices in Minnesota spiked 4x higher than Louisiana. Location matters for battery investors.
Research1 day agoBattery optimisation in the NEM faced challenging conditions in Q4 2025 as the National Electricity Market (NEM) delivered sustained low volatility. Compressed energy spreads and subdued FCAS prices reduced revenue opportunities, lowering capture rates...
Explainers23 Jan 2026MISO's ERAS delivers GIAs in 3 months, but requires off-take agreements that exclude merchant BESS. Natural gas captures 75% of capacity.
