Revenue Benchmark2 hours agoNEM battery revenues doubled to $121k/MW/year in January as heatwave drove price spikes concentrated in South Australia, where batteries earned $356k/MW/year.
Explainer3 days 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.
Research and Analysis4 days 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...
Revenue Benchmark6 days agoIn December 2025, PJM batteries had the potential to earn up to $28/kW-month. Higher fuel costs, still-elevated Regulation prices, and record capacity clearing prices drove opportunity.
